Volatility for usd/hkd has exploded over the past two weeks relative to the past 30 days, which technical traders will want to note.
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.