USD/HKD Down 1 Pips On Hourly Chart, in an Uptrend Over Past 14 Days; Eyes 20, 50, 100 and 200 Day Averages
Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving up.
USDHKD
(Last Updated April 15, 2021)
Welcome to the news page for USDHKD (USDHKD). Below you’ll find our daily market updates. Here’s a technical and fundamental summary of where things currently stand:
Forex Calendar for USDHKD
| metric_name | reference_period | asset_name | asset_id | date | time | forecast | outcome |
|---|---|---|---|---|---|---|---|
| United States Continuing Jobless Claims | 03/Apr 2021 | US Dollar | USD | 2021-04-15 | 12:30 GMT | 3700K | 3731K |
| United States Initial Jobless Claims | 10/Apr 2021 | US Dollar | USD | 2021-04-15 | 12:30 GMT | 700K | 576K |
| United States NY Empire State Manufacturing Index | Apr 2021 | US Dollar | USD | 2021-04-15 | 12:30 GMT | 19.5 | 26.3 |
| United States Retail Sales MoM | Mar 2021 | US Dollar | USD | 2021-04-15 | 12:30 GMT | 5.9% | 9.8% |
| United States Retail Sales Ex Autos MoM | Mar 2021 | US Dollar | USD | 2021-04-15 | 12:30 GMT | 5% | 8.4% |
The Trend
If we observe the 90 and 30 day timeframes, we see an uptrend in place for USDHKD.
USDHKD Moving Averages
USDHKD’s moving averages tell a multi-facted story about its trend. Of the 20, 50, 100, and 200 day averages — three of them (all but the 20) — are bullish, implying a upward trend, aside from a decline about 3 weeks prior. Moreover, it should also be noted that the 20 SMA just turned bearish today.
Below is a chart showing USDHKD’s price with its moving averages.
Regarding USDHKD’s correlations over the past 7 days, it has been most correlated with EURUSD. If we zoom out to a two week basis, though, the asset showing the strongest correlation to USDHKD is AUDUSD. Alternatively, NZDJPY has been the asset least correlated with USDHKD — but over the past two weeks, EURCHF has been the asset least correlated with USDHKD. See the chart below to observe the recent price action in USDHKD versus those of assets it hasn’t been well correlated with.
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The View From the Weekly Timeframe
Currently, USDHKD’s rate is down -119 pips (-0.15%) from the week prior. It’s been a feast for bulls operating on the weekly timeframe, as USDHKD has now gone up 4 of the past 5 weeks. If you’re a trend trader, consider that the strongest clear trend on the weekly chart exists on the 20 week timeframe. Looking further out, the moving averages on the weekly timeframe suggest a choppiness in price, as the are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. The weekly chart below shows USDHKD’s price action over the past year.
USDHKD: The Monthly View
Strongest trend on the 120 month timeframe.
USDHKD Down 2 Pips in Last Hour, in an Uptrend Over Past 90 Days; Eyes 20, 50, 100 and 200 Day Averages
Regarding the trend, note that the strongest trend exists on the 100 hour timeframe.
USDHKD Down 1 Pips On Hourly Chart, in an Uptrend Over Past 14 Days; Doji Pattern Appearing on Chart
Price action traders may also wish to note that we see a pin bar candlestick pattern on usdhkd.
USDHKD Down 10 Pips Over Past Hour, Moves Up For the 2nd Consecutive Day; Nears 20, 50, 100 and 200 Day Moving Averages
If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 hour timeframe.
USDHKD Up 4 Pips in Last Hour, Crosses 20 Day Moving Average; in an Uptrend Over Past 90 Days
The clearest trend exists on the 90 day timeframe, which shows price moving up over that time.
USDHKD Down 10 Pips in Last Hour; Breaks Above 20 Day Average
Relative to other instruments in the forex asset class, usdhkd ranked 14th the day prior in terms of percentage price change.
USDHKD Down 4 Pips in Last Hour; Eyes 20, 50, 100 and 200 Day Averages
Relative to other instruments in the forex asset class, usdhkd ranked 17th the previous day in terms of percentage price change.
USDHKD Up 12 Pips On Hourly Chart, 4 Day Up Streak Snapped; is Inching Close to 20, 50, 100 and 200 Day Averages
For additional context, note that price has gone up 17 out of the past 30 days.
USDHKD Down 3 Pips On Hourly Chart, Breaks Above 50 Day Average; Price Base in Formation Over Past 30 Days
Regarding the trend, note that the strongest trend exists on the 50 hour timeframe.
USD/HKD Down 1 Pips in Last Hour, Moves Up For the 2nd Day In A Row; in a Downtrend Over Past 14 Days
Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving down.