USD/HKD Moves Down For the 2nd Day In A Row, in an Uptrend Over Past 30 Days; Eyes 20, 50, 100 and 200 Day Averages
Or to simplify this another way, note that out of the past 30 days usd/hkd’s price has gone up 15 them.
USDHKD
(Last Updated March 1, 2021)
Hello! This is the news page for 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 Fed Williams Speech | NA | US Dollar | USD | 2021-03-01 | 14:00 GMT | ||
| United States Fed Brainard Speech | NA | US Dollar | USD | 2021-03-01 | 14:05 GMT | ||
| United States Markit Manufacturing PMI Final | Feb 2021 | US Dollar | USD | 2021-03-01 | 14:45 GMT | 58.5 | |
| United States ISM Manufacturing New Orders | Feb 2021 | US Dollar | USD | 2021-03-01 | 15:00 GMT | ||
| United States ISM Manufacturing Prices | Feb 2021 | US Dollar | USD | 2021-03-01 | 15:00 GMT | 80 |
The Trend
If we observe the 90, 30 and 14 day timeframes, we see an uptrend in place for USDHKD.
USDHKD Moving Averages
The moving averages on USDHKD indicate a trend that is clearly bullish.
Below is a chart showing USDHKD’s price with its moving averages.
Regarding USDHKD’s correlations over the past 7 days, it has demonstrated the strongest correlation with NZDCHF. USDHKD has been most correlated with NZDCHF over the past 14 days also, so this may be a structural correlation in the market. Alternatively, the asset least correlated with USDHKD over the past week has been NZDJPY, but over the past two weeks, the asset least correlated with USDHKD has been EURCAD. 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 up 32 pips (0.04%) from the week prior. Moreover, note that this move is a reversal from the week prior, which saw price move down. Regarding the trend, note that the strongest trend 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. USDHKD’s weekly price action over the past 52 weeks can be seen via the chart below.
USDHKD: The Monthly View
Monthly trend: strongest on the 24 month timeframe.
USD/HKD Moves Up For the 2nd Day In A Row, is Inching Close to 20, 50, 100 and 200 Day Averages; Pin Bar Pattern Appearing on Chart
Out of the 40 instruments in the forex asset class, usd/hkd ended up ranking 22nd for the day in terms of day-over-day price change.
USD/HKD Up 11 Pips, in an Uptrend Over Past 14 Days; is Inching Close to 20, 50, 100 and 200 Day Averages
The price move occurred on volume — and we’re using the number of tick price changes as a proxy for volume — that was down 1.96% from the day prior, but up 125.17% from the same day the week before.
USD/HKD Up 19 Pips, in a Downtrend Over Past 90 Days; Nears 20, 50, 100 and 200 Day Moving Averages
The clearest trend exists on the 14 day timeframe, which shows price moving up over that time.
USD/HKD Down 22 Pips, in a Downtrend Over Past 90 Days; Nears 20, 50, 100 and 200 Day Moving Averages
Volatility for usd/hkd has exploded over the past two weeks relative to the past 30 days, which technical traders will want to note.
USD/HKD Makes Big Move Relative to Past Month, in a Downtrend Over Past 90 Days; Eyes 20, 50, 100 and 200 Day Averages
Relative to other instruments in the forex asset class, usd/hkd ranked 17th yesterday in terms of percentage price change.
USD/HKD Makes Big Move Relative to Two Week Trend, Up 38 Pips; Crosses 20 Day Moving Average
Relative to other instruments in the forex asset class, usd/hkd ranked 21st yesterday in terms of percentage price change.
USD/HKD Down 4 Pips, in a Downtrend Over Past 90 Days; Eyes 20, 50 and 100 Day Averages
Out of the 40 instruments in the forex asset class, usd/hkd ended up ranking 19th for the day in terms of day-over-day price change.
USD/HKD Up 18 Pips, in a Downtrend Over Past 90 Days; Eyes 20, 50 and 100 Day Averages
Volatility for usd/hkd has exploded over the past two weeks relative to the past 30 days, which technical traders will want to note.
USD/HKD Moves Down For the 2nd Day In A Row, in a Downtrend Over Past 90 Days; is Inching Close to 20 and 50 Day Averages
Relative to other instruments in the forex asset class, usd/hkd ranked 19th yesterday in terms of percentage price change.