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Hongkong

Hong Kong Hang Seng: Uptrend is Due This YearPretty weak, but still up Hang Seng index, which represents Hong Kong stocks, was going down suring the recent few months. But right now it appears to be reversing, or at least correcting, to the upside. What to expect this year? Let's recognize a bit of Hang Seng nature from the technical point of view. Look at the chart. 30% per rally Most of the rallies last 6 years had the same overall percentage of price rise: 30-35%. So for now this is the "nature" of Hang Seng, which means we can expect the same % of growth in future rallies. Each rally usually takes around 4-6 months, so we may expect the same timing in the future. Angles resistance According to the angles drawn on my chart, we can see a pretty strong resistance somewhere in the red square. Once the price hits that square, the reversal to the downside (or at least bigger correction) is expected. Price target: 28000 within this year Once the uptrend is finally confirmed, expect the yearly top at around 28000. Angle resistance zone coincides with the 30% growth "nature", so this is a pretty realistic price target.
INDEX:HSILong
by OmgImTrader
USDHKD: Time at mode signal predicts even this managed floatVery clear how the Time at mode downtrend signal here predicted the end of the decline in time... Now we have a long signal, and it's likely to return to the 7.79 handle. If you can trade this pair and margin requirements don't kill you, you can go long at market with stops under yesterday's low. If interested in my trading signals, or in personal tuition, contact me privately. I'm offering a considerable discount on a packaged course which includes access to my private trading signals list for a year. Cheers, Ivan Labrie. Link to Tim West's chatroom: www.tradingview.com We discuss setups like this often there. Feel free to stop by and subscribe to his indicator pack. If you have any questions ask.
Long
by IvanLabrie