(Last Updated August 2, 2022 1:35 GMT)
At the time of this writing, USDHKD’s rate is down 1 pips (0%) from the hour prior. It’s been a feast for bears operating on an hourly timeframe, as USDHKD has now gone down 14 of the past 14 hours. As for the trend on the hourly timeframe, we see the clearest trend on the 100 hour timeframe. Of note is that the 100 and 50 hour changed directions on USDHKD; they are now pointing up. The moving averages on the hourly timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.
USDHKD End of Day Recap
Updated 00:30 GMT (04:30 EST)
USDHKD is down 2 pips (0%) since the previous day (opening today near 7.8499), marking 2nd straight day it is unchanged. Relative to other instruments in the Forex asset class, USDHKD ranked 19th the previous day in terms of percentage price change. Let’s take a look at price chart of USDHKD.
USDHKD Technical Analysis
Coming into today USDHKD is now close to its 20, 50, 100 and 200 day averages, located at 7.8491, 7.8485, 7.8441 and 7.8204 respectively, and thus may be at a key juncture along those timeframes. Volatility for USDHKD 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 90 day horizon; over that time period, price has been moving up. Or to simplify this another way, note that out of the past 10 days USDHKD’s price has gone up 2 them.