USDHKD 14 Aug 2023 on the H4 timeframe. It can be seen that the pair is still ranging above the kumo cloud on the ichimoku indicator. Had touched 7,82070 last week, and returned to bearish until now occupying 7,81557. Although it is still above the kumo cloud, but if referring to the stochastic indicator, it appears that the bearish trend will continue because the two moving average lines have crossed. Therefore, go-short positions are still an option for traders. However, if there is a factor that can affect the reversal of the trend to bullish, then go-long can be an option. Keep an eye on market changes and movements, and learn about other indicators before making trading decisions.
