USDHKD Down 3 Pips Over Past Hour, in an Uptrend Over Past 90 Days; is Inching Close to 20, 50, 100 and 200 Day Averages
The clearest trend exists on the 90 day timeframe, which shows price moving up over that time.
USDHKD
(Last Updated January 18, 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 Foreign Bond Investment | Nov 2020 | US Dollar | USD | 2021-01-19 | 21:00 GMT | ||
| United States Net Long-Term Tic Flows | Nov 2020 | US Dollar | USD | 2021-01-19 | 21:00 GMT | ||
| United States Overall Net Capital Flows | Nov 2020 | US Dollar | USD | 2021-01-19 | 21:00 GMT | ||
| United States Joe Biden’s Inauguration | NA | US Dollar | USD | 2021-01-20 | 00:00 GMT | ||
| United States NAHB Housing Market Index | Jan 2021 | US Dollar | USD | 2021-01-20 | 15:00 GMT | 86 |
The Trend
If we observe the 90 and 30 day timeframes, we see an uptrend in place for USDHKD.
USDHKD Moving Averages
Nuances in the trend on USDHKD can be understood by observing the behavior of its moving averages. Out of the moving averages we’re monitoring (20, 50, 100, and 200 days), all but the 50 are bullish, implying a upward trend, save for a drop that occurred about 7 weeks ago. Moreover, today we saw the 50 moving average turn bearish.
Below is a chart showing USDHKD’s price with its moving averages.
In terms of correlations over the past week for USDHKD, it has been most correlated with CHFJPY. Over the past 14 days, however, USDJPY is the asset most correlated to USDHKD. Alternatively, GBPNZD has been the asset least correlated with USDHKD — but over the past two weeks, the asset least correlated with USDHKD has been GBPCHF. The chart below illustrates USDHKD against its least correlated assets.
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The View From the Weekly Timeframe
At the moment, USDHKD’s rate is down -36 pips (-0.05%) 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. As for the trend on the weekly timeframe, we see the clearest trend 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. USDHKD’s weekly price action over the past 52 weeks can be seen via the chart below.
USDHKD: The Monthly View
Clearest trend on the monthly is apparent at the 24 month timeframe.
USD/HKD Down 1 Pips On Hourly Chart, Moves Down For the 2nd Day In A Row; Pin Bar Pattern Appearing on Chart
It’s been a feast for bears operating on an hourly timeframe, as usdhkd has now gone down 5 of the past 5 hours.
USDHKD Down 1 Pips On Hourly Chart, 2 Day Down Streak Ended; Eyes 20, 50, 100 and 200 Day Averages
The clearest trend exists on the 90 day timeframe, which shows price moving up over that time.
USDHKD Down 1 Pips Over Past Hour, Came Into Today Down For 3rd Day In A Row; is Inching Close to 20, 50, 100 and 200 Day Averages
Of note is that the 50 hour changed directions on usdhkd; it is now pointing down.
USDHKD Down 8 Pips in Last Hour, 3 Day Down Streak Ended; Pin Bar Pattern Appearing on Chart
For additional context, note that price has gone down 11 out of the past 30 days.
USDHKD Down 0 Pips Over Past Hour, 3 Day Down Streak Snapped; Pin Bar Pattern Appearing on Chart
Given that we see downtrend on the 10 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.
USDHKD Down 1 Pips in Last Hour, Entered Today Down For the 3rd Straight Day; in an Uptrend Over Past 30 Days
It’s been a feast for bears operating on an hourly timeframe, as usdhkd has now gone down 28 of the past 30 hours.
USDHKD Down 0 Pips Over Past Hour, Entered Today Down For the 2nd Consecutive Day; in an Uptrend Over Past 30 Days
If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 hour timeframe.
USDHKD Down 2 Pips in Last Hour, Eyes 20, 50, 100 and 200 Day Averages; Doji and Pin Bar Patterns Appearing on Chart
Price action traders may also wish to note that we see a pin bar candlestick pattern on usdhkd.
USDHKD Down 2 Pips Over Past Hour, Entered Today Down For 2nd Day In A Row; Eyes 20, 50, 100 and 200 Day Averages
The clearest trend exists on the 30 day timeframe, which shows price moving up over that time.