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No Major Changes for EUR/HKD

I foresee no major changes for the EUR/HKD pair. The currency pair had a wild rise in May, first rallying from 8.6877 to 8.8862, only to surrender all gains in the second half of the month.
We are currently quoted around the 0.5150 mark, not far from Friday's high. I think this level is an important resistance for EUR/HKD. Look at the daily chart below. We can see the 8.52 mark being tested again and again. It's the level price keeps coming back to. I'm betting on this level putting an end to th…
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fxsurprise8 avatar

Small typo ''We are currently quoted around the 0.5150 mark'' I forgot the 8 in front :p

We are currently quoted around the 8.5150 mark

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Loonie to Fall Versus Hong Kong Dollar

The rally in the CAD/HKD that started back in March of this year is finally coming to an end. Since reaching a high of 7.2972 on July 3rd, the pair has been in an unrelenting fall.
While I do expect the losses to decelerate doing forward, I am still betting on more losses towards 7.0870. Here is a chart that shows the recent fall on a lower time frame.
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VikaChechenkova avatar

hard work!

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