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Hang Seng HSI

HSI ForecastThe current status is uncertain, and there are two possibilities: 1. If it is the 2nd wave of an upward trend, the HSI (Hang Seng Index) will rebound in the short term and surpass 16500. The level of 16500 will be tested multiple times, which would be the most favorable situation for the HSI. 2. If it is the 5th wave of a downturn, the HSI will break the 15400 level and drop even further, below 14470, previous bottom, and towards 13000. In 2024, I expect the HSI to fluctuate between 15300 and 17100 until the market gains a clearer understanding of China's economic performance. At the beginning of 2024, in the very short term, the trend is likely to decline further. I anticipate that the HSI will test a near-term new low at 15300. However, after the 1st quarter, it could benefit from a lower Federal Reserve interest rate. Nevertheless, the strength of the rebound may not be very strong due to the prevailing uncertainty in the market. We can target the rebound to 16500 or max 17000. Disclaimer Please understand the forecasting will be subjected to many factors and this is the vision at this moment. This comment is not encouraging you to follow or make any investment decision. You will be the only one be responsible for your investment decision and any related behavior. I am not going to bear any legal or non-legal responsibility.
HSI:HSI
by RedCranePunch
1
A few trends in China's economyToday, we would like to briefly discuss a few underlying trends in China's economy, touching on the subject of unemployment, demographics, and deflation. Youth unemployment While the unemployment situation has improved in 2023, youth unemployment (for those aged between 16 and 24) has been a longtime issue in China. Indeed, it has steadily risen since 2018 (back then, it stood at around 10%), with government programs promoting a higher level of education contributing to the problem. As a matter of fact, this year, in June, the youth unemployment rate hit a staggering 21.3%, prompting the Chinese government to stop reporting the number. Illustration 1.01 Illustration 1.01 shows the daily chart of China’s unemployment rate. Demographics and fertility Another big issue in China is the country’s aging population and declining fertility among women. The median age has risen from 28.9 years in 2000 to 34.1 years in 2010 and 37.4 years in 2020. On the other hand, the average number of births per woman stood at 1.6 in 2000; in 2012, 2014, 2016, and 2017, the average rose to 1.8. But since 2018, the rate has been rapidly collapsing. In 2021, the number stood at 1.2, representing approximately 33% decline since 2018. China’s deflation As much of the Western world grapples with inflation, China has the opposite problem. For November 2023, the country recorded -0.5% deflation compared to the previous year. With that said, there were three periods when China experienced deflation (annually) since the 1990s. The first period occurred between 1998 and 1999, when the annual inflation rate was -0.8% and -1.4%. The second instance took place in 2002, and the third in 2007. For the eleven months of 2023, the inflation rate averages about 0.3%, the lowest figure since 2009. Housing prices Amid the ongoing property crisis in China, house prices have been sliding down this year. Actually, there were only two prints when the year-over-year change was not negative, particularly in June 2023 (coming in at 0.1%) and July 2023 (coming in at 0%). Please feel free to express your ideas and thoughts in the comment section. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not serve as a basis for taking any trade action by an individual investor or any other entity. Your own due diligence is highly advised before entering a trade.
TVC:HSI
by Tradersweekly
2
$TENCENT shows sign of rebound with bottom formed$TENCENT shows sign of price bottoming on last Thursday with high volume supporting the price from going down lower. (Yellow square box) Based on our analysis, the rebound signals further sets in with price recover more than 50% of the Friday morning price fall. This indicating demand is coming back in after 2 weeks retrace & selling pressure easing. Which could lead to a price rebound in the coming weeks. Our trading method: we are looking into Bull CBBC on this potential short term rebound. #hkex #supplydemandtrading #supportresistancestrategy #cbbc #highriskhighreturn #stocktrading
HKEX:700Long
by ROUNDnSURGE89
Xiaomi: Take a breath 😮‍💨Xiaomi stock struggled to continue its uptrend last week and is currently trading slightly lower. However, we see this as a normal counter-reaction to the strong price gains and part of the substructure of the magenta wave (y), whose top and thus the end of the same-colored wave (B) should be in sight further north. Therefore, we expect that the bulls will soon regain the upper hand and push the price a bit higher. The high should initiate a change in direction and start a significant downward movement.
HKEX:1810Long
by MarketIntel
Hang Seng Index: Motivated! 💪The bulls were able to push the Hang Seng Index significantly higher on Friday, moving it further away from the yellow trading range between 17,424 and 15,571. However, we still expect the price to return to this area as part of the magenta wave (2) to make a lower low before the reversal occurs. That said, given the price action so far, we have to increase the probability of our alternative to 41%. In this case, the low of the magenta wave alt.(2) would already be in place and this scenario would come into play on a rise above the resistance at 18,898. However, it should be noted that our long-term expectation has already been fulfilled with the completion of the trading range. In both cases, there is considerable upside potential in the medium to long term. The price should clearly overcome the resistance at 20,899.
HKEX:HSI1!Long
by MarketIntel
1
HONG KONG joins the bull marketThe HANG SENG INDEX is the main indicator of the overall market performance in Hong Kong. The index has underperformed the rest of the world since March 2020 and was among the worst performing indices globally from 2020-2022. In October 2022 however the Index seems to have moved up in a 5 wave structure after having seen quite a freefall from Feb. 2021. This 5 wave advance completed in Jan 2023, and since then, till the very recent low of Oct.2023 the Index corrected 61.8% of the entire Wave 1 rise. Now however, the Index is ready give a massive 40-45% up move as the Wave 3 unfolds itself going forward into 2024-2025. Note*- This post is for educational purpose only
HSI:HSILong
by neeraj_2_sharma
6
Hang Seng Index: High-flyer 🌟The Hang Seng Index is currently in a strong rise. As the yellow trading range between 17 424 and 15 571 points has already been approached, it is quite possible that the low of the magenta wave alt.(2) has already been set. We give this scenario a 40% probability and it would become our primary scenario if the resistance at 18 898 points is broken. Until then, however, we must continue to expect that there will be another fall deeper into the trading range before the turnaround takes place.
HKEX:HSI1!Long
by MarketIntel
1
Hang Seng Index Analysis: Price Recovers from Year's LowWhile today the world’s first economy is celebrating Labor Day (so due to the bank holiday in the US, financial markets will most likely have below average volatility), the second world’s economy is recovering. From the low of the year reached on August 22, the Hang Seng index has already risen by more than 6%, as we suggested in the post on August 17th. The point is to stimulate the Chinese economy by the authorities with special support for the real estate sector. So, in August: → the Ministry of Finance introduced tax incentives for small businesses and rural households; → the People's Bank of China lowered the base annual rate on loans; → the State Council approved housing planning and construction guidelines; → citizens were allowed to take soft loans to buy their first home, regardless of their credit history. Other restrictions are also planned to be lifted. For sure, September will bring more news about stimulating the Chinese economy, and the chart shows the optimism of market participants: → The price of the index rose briefly below the psychological level of 18,000. → The price of the index has returned to the ascending channel shown in blue. → The price is near the lower line of the descending channel shown in red. → The price worked out the level of 50% of the growth A→B. However, the bears may show their presence in the near future, as the price is near the level of 18,888, which has influenced it more than once in the summer. Also, the market may feel resistance from the median line of the channel shown in red. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
FXOPEN:HSI
by FXOpen
HSI Index: Minimum of the Year, But Not Everything Is So BadToday, the price of the Hang Seng index fell below the level of 18,000 for the first time since November 2022. The media is publishing materials about the slowdown in the Chinese economy (which is confirmed by statistics) and the lack of expected government stimulus. The FT writes that foreign investors have canceled purchases of Chinese shares worth USD 7.4 billion, which were made following a July 24 pledge by the Chinese Communist Party Politburo to increase support for the economy. And according to data released by the Chinese currency regulator on Wednesday, the volume of bonds of foreign institutional investors fell by USD 5 billion in July. However, not everything is so bad. Bullish arguments: → The price of the Hang Seng index rose rapidly after breaking through the psychological level at 18,000. → Also, at the close of today's candlestick, a false bearish breakdown of the previous low of the year, recorded on the last day of May, may form. Pay attention to the false bullish breakdown at the end of January — perhaps a mirror image situation is happening. → The price is near the lower line of the ascending channel, shown in blue (which is not quite obvious yet). → The price is near the lower line of the descending channel shown in red. → The price is near the level of 50% of the increase in A→B. If the price of the Hang Seng index rises from a block of listed supports, this will be another example of how market lows are accompanied by negative media. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
FXOPEN:HSI
by FXOpen
Bullish HSI Can Be Supportive For The KiwiNice bounce on HSI, looks like a bottom in 2022 because of an impulse up, now right shoulder at support. China is doing everything to support its economy, but with high rates in other major countries, they just cannot pick up that easily. However, when economy in China will really start picking up that’s when commodity currencies like AUD and NZD can benefit. Also, recently China announced that they are in trade talks with New Zealand, so maybe NZD has also nice upside potential especially vs USD, now when FED can be close to end the hiking policy. Looking at NZDUSD chart, we can see slow price action and corrective wave structure after an impulse from the lows, which indicates for more gains in upcoming weeks/months.
HKEX:HSI1!Long
by ew-forecast
Hang Seng: Thumbed 👍Exemplarily, Hang Seng has thumbed our target zone and turned upwards from there. Thus, we classify wave 2 in turquoise as complete. Now, wave 3 in turquoise should carry Hang Seng above the resistance at 21 056 points. The counter movement of wave 4 in turquoise should then push the index back toward this mark before the ascent can be resumed once again. However, there is a 39% chance that Hang Seng could interrupt the current upwards movement, shifting southwards to develop the new low of wave alt.2 in turquoise, which should then be established before the support at 17 948 points.
HKEX:HSI1!
by MarketIntel
HSI - Falling Trend Channel [MID TERM]🔹HSI is in a falling trend channel in the medium long term. 🔹An inverse head and shoulders formation is under development. 🔹Break upwards through 19400 will be a positive signal. 🔹Overall assessed as technically slightly negative for the medium long term. Chart Pattern; 🔹DT - Double Top | BEARISH | 🔴 🔹DB - Double Bottom | BULLISH | 🟢 🔹HNS - Head & Shoulder | BEARISH | 🔴 🔹REC - Rectangle | 🔵 🔹iHNS - inverse head & Shoulder | BULLISH | 🟢 Verify it first and believe later. WavePoint ❤️
TVC:HSI
by wavepoint99
HSI - Falling Trend Channel [MID TERM]- HSI is in a falling trend channel in the medium long term. - This shows that investors over time have sold at lower prices to get out of the index, and indicates negative development for the market. - An inverse head and shoulders formation is under development. - A decisive break of the resistance at 20786, ideally with an increase in volume, signals a further rise. - HSI is between support at points 19400 and resistance at points 20800. - Overall assessed as technically slightly negative for the medium long term *EP: Enter Price, SL: Support, TP: Take Profit, CL: Cut Loss, TF: Time Frame, RST: Resistance, RTS: Resistance to be Support LT TP: Long Term Target Price *Chart Pattern: DT - Double Top | BEARISH | RED DB - Double Bottom | BULLISH | GREEN HNS - Head & Shoulder | BEARISH | RED REC - Rectangle | BLUE iHNS - inverse head & Shoulder | BULLISH | GREEN Verify it first and believe later. WavePoint ❤️
TVC:HSILong
by wavepoint99
Hang Seng Index (HSI) WCA - Inverted Head and Shoulders PatternHello and thank you for taking the time to read my post. Today, we analyze the Hang Seng Index (HSI) on the weekly scale, focusing on a classic price pattern called the "Inverted Head and Shoulders Pattern." The Hang Seng Index is the leading stock index in Hong Kong and one of the most important in Asia. It tracks the share prices of the 50 largest and most traded companies on the Hong Kong Stock Exchange, representing about 57% of the total market capitalization on this exchange. Inverted Head and Shoulders Pattern: The inverted head and shoulders pattern is a bullish reversal pattern that occurs at the end of a downtrend. It is characterized by three troughs or valleys, with the middle one being the lowest (the head) and the two on either side being relatively higher (the shoulders). The pattern is completed by a horizontal line called the "neckline," which connects the highs of the shoulders. In a nutshell, the formation of the inverted head and shoulders pattern signals a potential reversal from a downtrend to an uptrend. Remember, this is just a brief introduction to the technical aspects of the inverted head and shoulders pattern. As you delve deeper into this topic, you'll discover more nuances and practical applications that can enhance your trading strategies. Additional Analysis: Upon analyzing the HSI weekly chart, we observe a downward trend since 16/02/2021, with the blue diagonal resistance line representing the general trend. As classic chart pattern analysts, our attention is immediately drawn to the textbook example of an inverted head and shoulders pattern, clearly defined with the left shoulder, head, and right shoulder. The symmetry between the shoulders is perfect, and the pattern has been forming for an impressive 491 days. This is noteworthy because the longer a price pattern remains consistent, the more powerful the eventual breakout will be. We cannot predict when the right shoulder will form and break out, but we can see that the price supports the symmetry line in the form of a bullish engulfing (orange mark). The price is currently still below the 200 EMA, which is another indication that we should continue to watch this price pattern closely and not jump to conclusions. Thus, we patiently await our opportunity. Conclusion: The Hang Seng Index (HSI) weekly chart showcases an Inverted Head and Shoulders Pattern, reflecting a potential reversal from a downtrend to an uptrend. By closely monitoring the pattern's intricacies and the market's subtle cues, traders can be better prepared for any potential price action in the future. As always, it's essential to consider risk management and proper position sizing when trading based on chart patterns. Please note that this analysis is not financial advice. Always do your own due diligence when investing or trading. If you found this analysis helpful, please like, share, and follow for more updates. Happy trading! Best regards,
HSI:HSI
by KarimSubhieh
Hong Kong Stock Index (It shall swing UP higher) View On Hong Kong Stock Index (13 Apr 2023) HSI is in * Uptrend in short term * Uptrend in Mid term * Downtrend in Long term We are seeing a good swing back UP in HSI and it shall go UP higher. 20400~20600 will be the immediate resistant for now but the price shall break UP sooner or later. DYODD, all the best and read the disclaimer too. Feel Free to "Follow", press "LIKE" "Comment". Thank You! Legal Risk Disclosure: Trading crypto, foreign exchange or CFD on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor.
OANDA:HK33HKDLong
by SonicDeejay
HSI - Falling Trend Channel [MID TERM]- HSI is in a falling trend channel in the medium long term. - An inverse head and shoulders formation is under development. - A decisive break of the resistance at 22780, ideally with an increase in volume, signals a further rise. - The index has support at points 19500 and resistance at points 22600. - The RSI curve shows a rising trend, which is an early signal of a possible trend reversal upwards for the price as well. - The index is overall assessed as technically slightly negative for the medium long term. *EP: Enter Price, SL: Support, TP: Take Profit, CL: Cut Loss, TF: Time Frame, RST: Resistance, RTS: Resistance to be Support LT TP: Long Term Target Price Verify it first and believe later. WavePoint ❤️
TVC:HSILong
by wavepoint99