Relative to other instruments in the forex asset class, usd/hkd ranked 19th yesterday in terms of percentage price change.
Or to simplify this another way, note that out of the past 30 days usd/hkd’s price has gone down 14 them.
Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving down.
Relative to other instruments in the forex asset class, usd/hkd ranked 24th yesterday in terms of percentage price change.
This move happened on fewer tick price changes which may be a proxy for volume, as yesterday’s total tick count was down 46.65% from the day before — and down 53.21% from the same day the week before.