USD/HKD intraday: the downside prevails as long as 7.7541 is resistance

    Trading Central 2021-01-13 17:41:04

    7.7541 is our pivot point.

    Our preference: the downside prevails as long as 7.7541 is resistance.

    Alternative scenario: above 7.7541, look for 7.7548 and 7.7552.

    Comment: the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the price is trading under both its 20 and 50 period moving average (respectively at 7.7537 and 7.7543).

    Supports and resistances:

    7.7552 **

    7.7548 *

    7.7541 **

    7.7538

    7.7534 last

    7.7521

    7.7516 **

    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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