USD/HKD ST: the upside prevails as long as 7.7503 is support

    Trading Central 2021-02-23 17:57:12

    Our pivot point stands at 7.7503.

    Our preference: the upside prevails as long as 7.7503 is support.

    Alternative scenario: the downside breakout of 7.7503 would call for 7.7475 and 7.7459.

    Comment: the RSI is above its neutrality area at 50. The MACD is positive and above its signal line. The configuration is positive. Moreover, the price is above its 20 and 50 period moving average (respectively at 7.7522 and 7.7525).

    Supports and resistances:

    7.7621 **

    7.7604 *

    7.7588 **

    7.7571

    7.7533 last

    7.7514

    7.7503 **

    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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