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U.S. Dollar / Hong Kong Dollar

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USDHKD trade ideas

USDHKD: Best sell opportunity.The pair is trading near the 7.85000 1M Resistance which has been rejecting every upside break out attempt since April 2018. The RSI on 1D, 1W, 1M is surprisingly stable around 55.000 and last time that pattern formed on 1D a strong selling sequence followed. We are bearish on USDHKD aiming primarily at the 7.81700 1D Support. ** If you like our free content follow our profile (www.tradingview.com) to get more daily ideas. ** Comments and likes are greatly appreciated.
Short
by InvestingScope
Hong Kong Dollar Showing ExhaustionUSDHKD looks good on both the 4 and 2 hour charts. We have had an uptrend with higher lows and higher highs and then we stopped making new higher highs. This range and even double top here shows us the trend may be exhausting. From here, we need to see a break and close below 7.8360 zone. First target would be 7.8300 zone. Also want to share some information from hedge fund manager Kyle Bass. He has come out saying in a recent interview that he still expects things in Hong Kong to get worse. He used the term "bloody". October 1st is the Communist Partys 70th anniversary. Big celebrations planned. Military parade too of course. Kyle Bass has said that the CCP cannot afford to have protests in Hong Kong for this celebration. He has said that he thinks the CCP will do something about it. Let us see what happens in the next 24 hours.
Short
by Uncharted-FX
3
USDHKD formed a bearish BAT pattern | A good short opportunityPriceline of US Dollar / Hong Kong Dollar forex pair has formed a bearish BAT pattern and entered in potential reversal zone. MACD turned weak bullish from strong bullish. Stochastic has given bear cross. I have used Fibonacci sequence to set the targets. The long position can be taken between 0.382 to 0.786 Fibonacci projection of A to D leg coz we have a strong support of 200 SMA withing that zone however soon i will post a buy back plan soon insha Allah. Sell between: 7.83560 to 7.84230 Enjoy your profits and regards, Atif Akbar (moon333)
Short
by moon333
US and China make back room deal on Hong Kong?Just want to update on the USDHKD peg idea I spoke about awhile back. A bit controversial I know, but I gave reasons on why this is likely to happen. Hong Kong does not have the US Dollars to maintain the peg. The PLA marching into Honk Kong may be what breaks the peg. Looking at the chart, you can see where the buyers are stepping in. We are seeing buyers at the 7.83500 zone indicated by the long wicks. Buyers are still there. Just this analysis indicates that perhaps we will be seeing this break of the Peg. I am hearing from sources that there has been a deal between the US and China behind the scenes. That the CCP will allow President Trump to sell the trade war as a minor victory for the US...meanwhile the Americans will give the CCP a carte blanche when it comes to what they do in Hong Kong. If they decide to send in the army, the US will look away. This is what I am hearing. The 4 hour chart can also give us a short signal if we do break below the mentioned zone. We have had a nice uptrend, and now a range displaying 2/3 market structures. On a side note, I just watched the documentary "Banksters" on Amazon Prime which is about HSBC , Hong Kong and China. It really explains what is REALLY going on in Hong Kong currently. There was a twitter rumour that was substantiated by many solid minds including Kyle Bass, about the PBoC needing to borrow money from HSBC to maintain the Yuan where it is at. The HSBC President was fired and other high up executives were fired. Rumours have it that the CCP will look to control HSBC ...the documentary gives evidence about this already happening in 2017.
Long
by Uncharted-FX
1
Forex News: Hong Kong’s 11th Week of ProtestForex News – Hong Kong’s biggest-ever street protest has come to its 11th week, and more are joining the calls for a resolution. Last week, Hong Kongers took out their money from ATMs. The goal was to prove the city was more than just a cash cow. The movement has further escalated the instability due to the protests. The city’s currency has also suffered. Meanwhile, US President Donald Trump said that he was “concerned” about the probability of a violent Chinese crackdown. Last week, he seemingly tied up the US-China trade discussions to the HK protests, calling for a humane resolution. Trump added that he would talk to Chinese President Xi Jinping and urge him to negotiate directly with protesters. The protests have crippled the city’s currency due to the instability. Such a situation will apparently continue until one of the sides give in. According to certain reports, China is moving its troops to Hong Kong to intervene. HK police, meanwhile, claimed that their forces were enough without China’s intervention More on FinanceBrokerage
Long
by Financebroker