USD/HKD intraday: the downside prevails as long as 7.7529 is resistance

    Trading Central 2020-11-20 18:09:07

    Our pivot point is at 7.7529.

    Our preference: the downside prevails as long as 7.7529 is resistance.

    Alternative scenario: above 7.7529, look for 7.7535 and 7.7539.

    Comment: the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the pair is trading under both its 20 and 50 MAs (respectively at 7.7529 and 7.7527).

    Supports and resistances:

    7.7539 **

    7.7535 *

    7.7529 **

    7.7527

    7.7522 last

    7.7512

    7.7509 **

    Disclaimer
    The trading strategy containing reference trading prices and analysis opinions is provided by the third-party provider Trading Central.And the trading strategy is only the personal research and judgment by analysts,which is not a statement of facts.No representation or warranty is given as to the accuracy or completeness of this strategy. Consequently any person acting on it does so entirely at their own risk. TOP1 accepts no responsibility for any use that may be made of these comments and for any consequences that result.

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