USD/HKD Down 1 Pips in Last 4 Hours, Came Into Today Down For NA NA; Eyes 20, 50, 100 and 200 Day Averages

USD/HKD 4 Hour Price Update

Updated June 29, 2020 09:09 PM GMT (05:09 PM 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. Relative to other instruments in the Forex asset class, USD/HKD ranked 20th the last 4 hour candle in terms of percentage price change.

USD/HKD End of Day Recap

Updated 00:30 GMT (04:30 EST)

USD/HKD is down 1 pips (0%) since the previous day (opening today near 7.75026), marking NA NA NA. Compared to its peers in the Forex, USD/HKD gave its buyers a return that ranked 35th in terms of percentage change since the previous day. Let’s take a look at price chart of USD/HKD.

USD/HKD Technical Analysis

The first thing we should note is that the current price of USD/HKD is sitting close to its 20, 50, 100 and 200 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. 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 30 days USD/HKD’s price has gone down 7 them. Oh, and one last thing: if you trade off of candlesticks, note that we’re seeing pin bar pattern appearing here.