USD/HKD Down 1 Pips On Hourly Chart, Breaks Above 50 Day Average; in a Downtrend Over Past 30 Days
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
(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 6 Pips On Hourly Chart, 5 Day Up Streak Broken; in a Downtrend Over Past 30 Days
Compared to its peers in the forex, usdhkd gave its buyers a return that ranked 20th in terms of percentage change since the previous day.
USDHKD Down 3 Pips Over Past Hour, Nears 20, 50, 100 and 200 Day Moving Averages; Pin Bar Pattern Appearing on Chart
Price action traders may also wish to note that we see a doji candlestick pattern on usdhkd.
USDHKD Down 4 Pips in Last Hour, Moves Up For the 5th Straight Day; Crosses 100 Day Moving Average
The closest is the 100 day average, which is 6.9 pips away.
USDHKD Down 1 Pips in Last Hour, Moves Up For the 4th Straight Day; Crosses 20 Day Moving Average
The clearest trend exists on the 30 day timeframe, which shows price moving down over that time.
USDHKD Down 0 Pips in Last Hour, Moves Up For the 3rd Straight Day; Pin Bar Pattern Appearing on Chart
Price action traders may also wish to note that we see a pin bar candlestick pattern on usdhkd.
USDHKD Down 1 Pips Over Past Hour, Eyes 20, 50, 100 and 200 Day Averages; Pin Bar Pattern Appearing on Chart
The closest is the 20 day average, which is 22.3 pips away.
USDHKD Down 0 Pips in Last Hour, in a Downtrend Over Past 14 Days; Eyes 20, 50, 100 and 200 Day Averages
And for candlestick traders, a special treat: there is a pin bar pattern showing up on the charts as well.
USDHKD Down 2 Pips Over Past Hour, Eyes 20, 50, 100 and 200 Day Averages; Pin Bar Pattern Appearing on Chart
The clearest trend exists on the 14 day timeframe, which shows price moving down over that time.
USDHKD Up 5 Pips in Last Hour, Entered Today Down For the 4th Consecutive Day; Crosses 200 Day Moving Average
As for the alignment of the moving averages, well, it’s a bit mixed up; the 20, 50, 100, and 200 do not progress from largest to smallest, or vice versa.