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Loonie to Fall Versus Hong Kong Dollar

fxsurprise8 发布31 7月 为分析在 CAD/HKD , Target: 7.0870, 日期: 1 于 9月, 12:00 GMT  在 #Technical analysis #HKD #CAD/HKD #Loonie #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
VikaChechenkova 3 8月

hard work!

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Hong Kong Dollar at 10.61

fxsurprise8 发布30 6月 为分析在 EUR/HKD , Target: 10.611, 日期: 1 于 8月, 12:00 GMT  在 #Technical analysis #Euro #Hong Kong Dollar #EUR/HKD #Eurhkd
The Hong Kong Dollar is trading mixed against the Euro. The longer term trend, as indicated by the daily chart below, is down.
The short term trend however is up. The EUR/HKD rose from 10.47 to 10.615 in the last three weeks alone. However, we are now running into a previous congestion area, as you can see on the chart below. Furthermore, the 10.61 figure is the 38% Fibonacci retracement of the last move down in the currency pair. I think these two developments will restrain the rally going forw…
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