Scanning for chart patterns
Automatically identify trading opportunities by analyzing chart and Fibonacci patterns real time. Save up to $99.75!Autochartist today identified the 4-hour Key Level Resistance 7.7559 (type Approach) on the USD/HKD charts.
Autochartist rates the Significance of this Resistance at the 5 bar level which reflects the 5 recent price reversals from this Key Level. As you can see from the Key Level chart below, USD/HKD has also recently reversed up a few times from the major support 7.7530. The pair is expected to rise further toward 7.7559 – as can also be seen from the PowerStats analysis below.
As you can see from the following PowerStats chart for USD/HKD, the upper boundary of the daily Expected Price Range for tomorrow (7.7580) stands far above the aforementioned Key Resistance Level (7.7559) – which adds to the chances that USD/HKD will soon approach this Key Level.
