Trading Idea - USD/HKD, 06-03-2024 | IFCM Tanzania
IFC Markets Online CFD Broker

Trading Idea - USD/HKD, 06-03-2024

Trading Idea - USD/HKD, 06-03-2024

Trading Signal: USDHKD

OrderBuy
DirectionBullish
PatternSupport Line Test
IntervalDaily
Length (Candles)3

Idea Summary


The medium term USDHKD price forecast is bullish. The USDHKD price is testing a support and Fibonacci 61.8 level above the 200-period moving average MA(200). Most likely the price will bounce off the support and rise while there is a likelihood it may beach below the support and decline to test the MA(200).

Note:
This overview has an informative and tutorial character and is published for free. All the data, included in the overview, are received from public sources, recognized as more or less reliable. Moreover, there is no guarantee that the indicated information is full and precise. Overviews are not updated. The whole information in each overview, including opinion, indicators, charts and anything else, is provided only for familiarization purposes and is not financial advice or а recommendation. The whole text and its any part, as well as the charts cannot be considered as an offer to make a deal with any asset. IFC Markets and its employees under any circumstances are not liable for any action taken by someone else during or after reading the overview.

IFCM Trading Academy - New era in Forex education
Pass Your Course:
  • Get Certificate
trading academy
Close support
Call to Skype Call to WhatsApp Call to telegram Call Back Call to messenger