SGDHKD: Target hit. Channel Down continuation. Short.TP = 5.6600 hit as the 1D Channel Down expanded but on a lower gradient (MACD = -0.006, B/BP = -0.0102) with RSI and Highs/Lows neutral. Nevertheless there are two optimal short opportunities presented on the chart depending on which pattern prevails. TP = 5.63050.
Hongkongdollar
EURHKD: Approaching the 1W support. Quick short.The pair is trading within a 1D Channel Down (RSI = 36.144, MACD = -0.025, Highs/Lows = -0.0383, B/BP = -0.1084) and is approaching the 1W Support at 8.87100. Quick short opportunity for TP = 8.90390.
HKDJPY: Target hit. 1W Channel Up intact. Long.TP = 14.41427 hit as the 1W Channel Up (RSI = 56.437, MACD = 0.090, B/BP = 0.2883) rose to a 14.6150 Higher High. The price has since pulled back in order to price a new Lower Low, which should be near 14.200 (Highs/Lows = 0.0000). We will be going long on HKDJPY with TP = 14.600.
USDHKD try this short tonight.Going to try this short tonight, lots of the Indices had good drops today which could lead to a big sell of the $ vs other currencies. Its broke out of a bear pennant, should it not shoot up past 7.852 it should be a safe enough play. Target is 7.77
1W Channel Up. Long.HKDJPY is rising having made a Higher Low on the long term 1W Channel Up (RSI = 59.227, MACD = 0.035, Highs/Lows = 0.0546, B/BP = 0.1578). We expect to crosse the pivot (blue dotted line) swiftly as the buying pressure on 1D (RSI = 60.972, overbought on 3) accelerates. Consequently we are going long, TP = 14.41427 (previous Higher High) and 14.51650 (potential new Higher High) in extension.
Target hit. Channel Down intact. Short on new Lower High.TP = 5.66170 hit as the 1W Channel Down (MACD = -0.073, Highs/Lows = -0.0245, B/BP = -0.1173) made a new Low just below the target. The price jumped to a new Lower High and is now set to price a new technical Lower Low. The 1D Lower Low line supports earlier however, so our new short's TP is 5.58718.
Target hit. Lower High on the 1W Channel Down. Short.TP = 9.2050 hit as EURHKD moved sideways before the Channel Down selling pressure pushed the price lower. The pair is still being traded within a long term 1W Channel Down (RSI = 41.770, MACD = -0.084, B/BP = -0.2478) with the neutral Highs/Lows = 0 suggesting that a Lower High has been priced. As you see on the chart that value was probably yesterday's 9.1235 High. As a result we are going short now with TP = 8.9500. See how for the time being the pivot line supports.
Target hit. Rectangle formed. Scalp Long.The previous TP = 9.23060 has been hit as the 4H Channel Up peaked just above 9.25000. EURHKD is now trading within a 1D Rectangle (RSI = 46.757, STOCH = 50.624, ADX = 26.644, Williams = -54.225, Highs/Lows = 0.0000). We will be performing scalp trading on the tight bands of this Rectangle with the first trade a long (TP = 9.2050).
Medium term Channel Down. Short.SGDHKD is on a 1D Channel Down formation (MACD = -0.016, B/BP = -0.0239) that is near printing its new Lower High (RSI = 48.006, Highs/Lows = 0). Even the 1W pattern indicating a long term selling pressure (Highs/Lows = -0.0442, B/BP = -0.1618, RSI = 38.403). We are taking a short, TP = 5.6600 but on the first sign of a bounce on 5.7088, we will book the profit earlier.
Strong 1D Channel Down. Short.AUDHKD has quickly resumed the downtrend after a new Lower High on the 1D Channel Down (RSI = 40.834, MACD = -0.018, Highs/Lows = -0.0180, B/BP = -0.0503) and is now seeking its next Lower Low. A short is opened on the current market price, TP = 5.66170.
1D Resistance test. Expecting rejection. Short.HKDJPY is currently testing the 14.19330 Resistance on the 1D Rectangle (MACD = 0.029, Highs/Lows = 0.0662, B/BP = 0.1221). Initiating a short, TP = 13.93664.
Perfect trade, both targets hit. Medium term scalping. Neutral.USDHKD hit both upside/ downside Targets as it continues to trade sideways within a 1D Rectangle (RSI = 56.376, MACD = 0, ADX = 22.206, ATR = 0.0029). We will continue to scalp (buy low, sell high) the 7.84225 - 7.84890 zone until it breaks convincingly. 1W Highs/Lows = 0 are in support of extending this sideways movement.
4H Channel Up. Long.EURHKD is on a 4H Channel Up (RSI = 59.981, Highs/Lows = 0.0108, B/BP = 0.0243) but was yesterday rejected off a possible Double Top event, so bullish break-out confirmation is needed. Adding buy position with TP 9.23060.
Correction for ANTA Sports on Hong Kong SharesCorrection for ANTA Sports on Hong Kong Shares
1. A M shape appeared below MA lines on RSI+Avgs indicator.
2. ANTA was moving in the bull range (RSI 40-80) for some time, it's possible that it will remain the trend.
3. A correction from 45HKD to 37HKD is possible.
4. A correction time cycle appears on the chart at around 13, July.
EUR/HKD 1H Chart: Bypasses 100-hour SMA EUR/HKD 1H Chart: Bypasses 100-hour SMA
The common European currency is losing value against the Hong Kong Dollar in a minor descending channel. However, a combined pressure of the 55-, 100- and 200-hour SMAs most probably will lead to dissolution of this pattern already by the end of the day. Once this happens, the pair is expected to enter into a barrier-free zone, which will last up until combined resistance set up by the monthly R1 at 9.2282 and the upper-trend line of a medium-term descending channel. However, there is also an alternative scenario, according to which the exchange rate will remain in the current junior channel due to additional resistance put by the 55-day SMA near the 9.2000 mark. In that case, the rate might postpone the breakout until tomorrow’s release of various EU manufacturing data.
USDHKD short opportunityExpected good news for the HK stock markets in the sight + US facing issues with NK + pattern.
Reward : risk ratio, ~1.5 : 1.
HKDINR @ daily @ currently less than 1% udner all-time highsThis is only a trading capability - no recommendation !!!
Buying/Selling or even only watching is always your own responsibility ...
.zip (with PDF`s) @ my Google Drive
In percents away from all-time high & low by last close (1482 Cross-Rates)
drive.google.com
Best regards :)
Aaron
