USD/HKD Down 0 Pips On 4 Hour Chart, Entered Today Down For NA NA; is Inching Close to 20, 50, 100 and 200 Day Averages
For additional context, note that price has gone up 1 out of the past 14 days.
USDHKD
(Last Updated July 7, 2020)
Hello! This is the news page for USDHKD. Below you’ll find our daily market updates. Here’s a technical analysis summary of where things currently stand:
The Trend
If we observe the 90 and 14 day timeframes, we see a downtrend in place for USDHKD.
USDHKD Moving Averages
The moving averages on USDHKD summarize its price action in an interesting way. Of the 20, 50, 100, and 200 day averages — three of them (all but the 20) — are bearish, suggesting the trend is generally downward, aside from a rally about 3 weeks prior.
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 USDTRY. If we zoom out to a two week basis, though, NZDCAD is the asset most correlated to USDHKD. Alternatively, EURGBP has been the asset least correlated with USDHKD — but if we observe the prior two weeks, GBPCHF 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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USD/HKD Down 1 Pips On 4 Hour Chart, Came Into Today Down For NA NA; Doji and Pin Bar Patterns Appearing on Chart
And for candlestick traders, a special treat: there are doji and pin bar patterns showing up on the charts as well.
USD/HKD Down 1 Pips On 4 Hour Chart, Moves Down For NA NA; Nears 20, 50, 100 and 200 Day Moving Averages
Relative to other instruments in the forex asset class, usd/hkd ranked 19th the day prior in terms of percentage price change.
USD/HKD Down 0 Pips On 4 Hour Chart, Makes Big Move Relative to Past Month; Came Into Today Down For NA NA
For additional context, note that price has gone up 1 out of the past 10 days.
USD/HKD Down 1 Pips in Last 4 Hours, Makes Big Move Relative to Two Week Trend; Moves Down For NA NA
Volatility for usd/hkd has been contracting over the past two weeks relative to volatility over the past month.
USD/HKD Down 1 Pips Over Past 4 Hours, Makes Big Move Relative to Two Week Trend; Eyes 20, 50, 100 and 200 Day Averages
Relative to other instruments in the forex asset class, usd/hkd ranked 22nd the previous day in terms of percentage price change.
USD/HKD Down 2 Pips Over Past 4 Hours, Moves Down For NA NA; is Inching Close to 20, 50, 100 and 200 Day Averages
Volatility for usd/hkd has been contracting over the past two weeks relative to volatility over the past month.
USD/HKD Down 1 Pips in Last 4 Hours, Came Into Today Down For NA NA; Eyes 20, 50, 100 and 200 Day Averages
Volatility for usd/hkd has been contracting over the past two weeks relative to volatility over the past month.
USD/HKD Down 0 Pips On 4 Hour Chart, Nears 20, 50, 100 and 200 Day Moving Averages; Pin Bar Pattern Appearing on Chart
Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving down.
USD/HKD Down 1 Pips in Last 4 Hours, Makes Big Move Relative to Two Week Trend; in a Downtrend Over Past 30 Days
Or to simplify this another way, note that out of the past 30 days usd/hkd’s price has gone down 7 them.