USD/HKD Down 2 Pips On 4 Hour Chart, Makes Big Move Relative to Two Week Trend; Breaks Below 20 Day Average

USD/HKD 4 Hour Price Update

Updated June 22, 2020 01:08 PM GMT (09:08 AM EST)

USD/HKD is down 2 pips (0%) since the previous 4 hours (opening the current 4 hour candle near 7.75), 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 0 pips (0%) since the previous day (opening today near 7.75028), marking NA NA NA. Relative to other instruments in the Forex asset class, USD/HKD ranked 28th the previous day in terms of percentage price change. Here is a price chart of USD/HKD.

USD/HKD Technical Analysis

Notably, USD/HKD crossed below 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 14 day timeframe, which shows price moving up over that time. Interestingly, a trend in the other direction exists on the 30 and 90 day timeframes, where price is headed down. Or to simplify this another way, note that out of the past 30 days USD/HKD’s price has gone down 8 them. Also, candlestick traders! Note we see pin bar pattern appearing here as well.