7645544 7/13/2017 12:27 PM, USD/HKD intraday: the downside prevails as long as 7.8110 is resistance


Our pivot point stands at 7.8110.


Our preference

: the downside prevails as long as 7.8110 is resistance.


Alternative scenario

: the upside breakout of 7.8110, would call for 7.8135 and 7.8149.


Comment

: the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the pair stands below its 20 and 50 MAs (respectively at 7.8099 and 7.8108).


Supports and resistances

:

7.8149 **

7.8135 *

7.8110 **

7.8101

7.8091 last

7.8059

7.8044 **

7.8029 *

7.8015 **