USD/HKD intraday: our next up target stands at 7.7

USD/HKD intraday: our next up target stands at 7.7541

Trading Central 2021-02-23 18:38:12

Our pivot point stands at 7.7526.

Our preference: our next up target stands at 7.7541.

Alternative scenario: below 7.7526, expect 7.7522 and 7.7519.

Comment: the RSI is above 50. The MACD is above its signal line and negative. The MACD must break above its zero level to trigger further gains. Moreover, the price is trading above both its 20 and 50 period moving average (respectively at 7.7529 and 7.7532).

Supports and resistances:

7.7546 **

7.7544 *

7.7541 **

7.7539

7.7532 last

7.7527

7.7526 **

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.