| Indicator | 4H | 1D | 1W |
| MACD (12; 26; 9) | Buy | Buy | Buy |
| RSI (14) | Neutral | Neutral | Neutral |
| Stochastic (5; 3) | Sell | Sell | Sell |
| Alligator (13; 8; 5) | Buy | Buy | Neutral |
| SAR (0.02; 0.2) | Sell | Buy | Sell |
| Aggregate | ⇒ | ⇒ | ⇒ |
The American Dollar is losing value against the Hong Kong Dollar in a minor descending channel that began to form once the currency rate made a rebound from the monthly R1 at 7.8187.
In short-term perspective the pair is expected to continue moving downwards. On fundamental side, this direction is supported by another escalation of the North Korean crisis.
In larger perspective, the rate is also expected to move downwards in an attempt to gradually reach the lower trend-line of a senior ascending channel.
Nevertheless, a clash with the 200-hour SMA near 7.8090 is likely to lead to a rebound and transformation of the dominant channel into the rising wedge formation. However, it might happen earlier due to developments with the US tax reform.