USD/HKD Down 1 Pips in Last 4 Hours, Makes Big Move Relative to Two Week Trend; in a Downtrend Over Past 30 Days

USD/HKD 4 Hour Price Update

Updated June 25, 2020 01:10 PM GMT (09:10 AM EST)

USD/HKD is down 1 pips (0%) since the last 4 hour candle (opening the current 4 hour candle near 7.7504), marking NA NA NA. Out of the 37 instruments in the Forex asset class, USD/HKD ended up ranking 16th for the four-hour candle in terms of price change.

USD/HKD End of Day Recap

Updated 00:30 GMT (04:30 EST)

The choppiness in the recent daily price action of USD/HKD continues; to start today, it came in at a price of 7.75032, down 1 pips (0%) since yesterday. Relative to other instruments in the Forex asset class, USD/HKD ranked 20th yesterday in terms of percentage price change. Let’s take a look at price chart of USD/HKD.

USD/HKD Technical Analysis

Coming into today USD/HKD is now close to its 20, 50, 100 and 200 day averages, located at 7.7501, 7.7512, 7.7542 and 7.7735 respectively, and thus may be at a key juncture along those timeframes. 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. 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. Or to simplify this another way, note that out of the past 30 days USD/HKD’s price has gone down 7 them. Also, candlestick traders! Note we see pin bar pattern appearing here as well.