USD/HKD Down 1 Pips in Last 4 Hours, Entered Today Down For NA NA; Nears 20, 50, 100 and 200 Day Moving Averages

USD/HKD 4 Hour Price Update

Updated June 23, 2020 01:07 PM GMT (09:07 AM EST)

USD/HKD is down 1 pips (0%) since the previous 4 hours (opening the current 4 hour candle near 7.7501), marking NA NA NA. Relative to other instruments in the Forex asset class, USD/HKD ranked 22nd the previous 4 hours in terms of percentage price change.

USD/HKD End of Day Recap

Updated 00:30 GMT (04:30 EST)

USD/HKD is down 3 pips (0%) since the previous day (opening today near 7.75033), marking NA NA NA. Relative to other instruments in the Forex asset class, USD/HKD ranked 29th the previous day in terms of percentage price change. Below is a price chart of USD/HKD.

USD/HKD Technical Analysis

The first thing we should note is that USD/HKD is now close to its 20, 50, 100 and 200 day averages, located at 7.7502, 7.7512, 7.755 and 7.7743 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. The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. It should be noted, though, that a trend in the opposite direction, going down, exists on the 30 day timeframe. Or to simplify this another way, note that out of the past 30 days USD/HKD’s price has gone down 7 them.