USDHKD Down 3 Pips in Last Hour, Moves Down For the 2nd Straight Day; Breaks Below 50 Day Average
Price action traders may also wish to note that we see a doji candlestick pattern on usdhkd.
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, Entered Today Down For the 2nd Straight Day; Breaks Below 50 Day Average
The clearest trend exists on the 90 day timeframe, which shows price moving up over that time.
USDHKD Up 17 Pips Over Past Hour, 2 Day Up Streak Ended; Pin Bar Pattern Appearing on Chart
Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving up.
USDHKD Up 9 Pips Over Past Hour, Came Into Today Up For the 2nd Straight Day; Nears 20, 50, 100 and 200 Day Moving Averages
This is the 2nd straight hour usdhkd has seen its price head up.
USDHKD Up 12 Pips in Last Hour, 3 Day Down Streak Broken; Doji Pattern Appearing on Chart
This move is a reversal from the hour prior, which saw price move down.
USDHKD Up 8 Pips On Hourly Chart, Came Into Today Down For the 3rd Day In A Row; Breaks Below 20 Day Average
Price action traders in particular will want to note that the 14 day period appears to show price forming a base; this could indicate that a support/resistance level is developing.
USDHKD Down 15 Pips On Hourly Chart, Moves Down For the 2nd Straight Day; in an Uptrend Over Past 30 Days
For additional context, note that price has gone up 6 out of the past 14 days.
USDHKD Down 7 Pips On Hourly Chart, in an Uptrend Over Past 90 Days; is Inching Close to 20, 50, 100 and 200 Day Averages
For additional context, note that price has gone up 7 out of the past 14 days.
USDHKD Down 1 Pips On Hourly Chart; Nears 20, 50, 100 and 200 Day Moving Averages
The clearest trend exists on the 30 day timeframe, which shows price moving up over that time.
USDHKD Down 1 Pips Over Past Hour, 2 Day Up Streak Snapped; Eyes 20, 50, 100 and 200 Day Averages
Given that we see downtrend on the 20 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.