USD/HKD Down 1 Pips in Last 4 Hours, Moves Up For the 2nd Day In A Row; Crosses 20 Day Moving Average

USD/HKD 4 Hour Price Update

Updated April 10, 2020 09:07 PM GMT (05:07 PM EST)

USD/HKD is down 1 pips (0%) since the last 4 hour candle (opening the current 4 hour candle near 7.7526), marking NA NA NA. Compared to its peers in the Forex, USD/HKD gave its buyers a return that ranked 18th in terms of percentage change since the last 4 hour candle.

USD/HKD End of Day Recap

Updated 00:30 GMT (04:30 EST)

USD/HKD is up 10 pips (0.01%) since the previous day (opening today near 7.7533), marking the 2nd day in a row an upward move has occurred. Relative to other instruments in the Forex asset class, USD/HKD ranked 28th the previous day in terms of percentage price change. Let’s take a look at price chart of USD/HKD.

USD/HKD Technical Analysis

Notably, USD/HKD crossed above its 20 day moving average yesterday. Volatility for USD/HKD has been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. The clearest trend exists on the 30 day timeframe, which shows price moving down over that time. Or to simplify this another way, note that out of the past 14 days USD/HKD’s price has gone up 6 them. Oh, and one last thing: if you trade off of candlesticks, note that we’re seeing pin bar pattern appearing here.