NZDHKD - Bullish TrendBased on the chart pattern analysis, it appears that the price is forming higher highs (HHs) and higher lows (HLs), which indicates a bullish trend.
Furthermore, the Relative Strength Index (RSI) does not show any divergence currently.
I recommend taking a long trade with a risk/reward ratio of 1:
W9.1-24 NZDHKD BULLISH IDEA(HARMONICS BULLISH PATTERN)potential Bullish Entry
Dow Theory In Place - Higher High and Higher Low Expected in Place
Formation of Harmonic Bullish reversal Pattern coupled with bullish divergence at potential reversal zone (PZR)
Entry at the new HH
SL & TP Levels are defined.
NZDHKD, Cup-and-Handle (bullish)STATUS = Confirmed
CURRENT CONFIDENCE = 60%
TARGET (EXIT) PRICE = 5.104368 HKD
BREAKOUT (ENTRY) PRICE = 5.088184 HKD
DISTANCE TO TARGET PRICE = 0.15% (75.0 pips)
EMERGED ON Jul 20, 09:00 AM (UTC)
CONFIRMED ON Jul 20, 09:00 AM (UTC)
WITH CONFIDENCE LEVEL = 72%
The Cup-and-Handle pattern identified by
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Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.
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Frequently Asked Questions
The current rate of NZDHKD is 4.56940 HKD — it has increased by 0.50% in the past 24 hours. See more of NZDHKD rate dynamics on the detailed chart.
The value of the NZDHKD pair is quoted as 1 NZD per x HKD. For example, if the pair is trading at 1.50, it means it takes 1.5 HKD to buy 1 NZD.
The term volatility describes the risk related to the changes in an asset's value. NZDHKD has the volatility rating of 0.28%. Track all currencies' changes with our live Forex Heatmap and prepare for markets volatility.
The NZDHKD showed a 6.50% rise over the past week, the month change is a 3.43% rise, and over the last year it has decreased by −1.17%. Track live rate changes on the NZDHKD chart.
Learn how you can make money on rate changes in numerous trading ideas created by our community.
Learn how you can make money on rate changes in numerous trading ideas created by our community.
Currencies are usually traded through forex brokers — choose the one that suits your needs and go ahead. You can trade NZDHKD right from TradingView charts — just log in to you broker account. Check out the list of our integrated brokers and find the best one for your needs and strategy.
When deciding to buy or sell currency one should keep in mind many factors including current geopolitical situation, interest rates, and other. But before plunging into a deep research, you can start with NZDHKD technical analysis. The technical rating for the pair is buy today, but don't forget that markets can be very unstable, so don't stop here. According to our 1 week rating the NZDHKD shows the buy signal, and 1 month rating is sell. See more of NZDHKD technicals for a more comprehensive analysis.