| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Sell | Buy | Buy |
| RSI (14) | Neutral | Neutral | Neutral |
| Stochastic (5; 3) | Sell | Sell | Sell |
| Alligator (13; 8; 5) | Sell | Buy | Buy |
| SAR (0.02; 0.2) | Sell | Buy | Buy |
| Aggregate | ⇒ | ⇒ | ⇒ |
Staring from August the common European currency was losing value against the Hong Kong dollar in a descending channel.
In beginning of the month the pair made a rebound from the upper trend-line of the pattern, thus marking the fourth confirmation point. Despite support provided by the 55- and 100-period SMAs, in medium-term the currency rate is expected to continue paving the way to the south.
The likely turnaround point might be located near the 9.1500 mark, as it will become protected by the 200-hour SMA and most importantly by support line that consists of two reaction lows formed in April and November.
If the pair crosses it, the plunge most probably will continue reaches the bottom edge of the above dominant channel in January-February.