USD/HKD Down 1 Pips Over Past Hour, in an Uptrend Over Past 90 Days; Eyes 20, 50 and 100 Day Averages

Hourly Update

(Last Updated April 28, 2022 1:37 GMT)

Currently, USDHKD’s rate is down 1 pips (0%) from the hour prior. USDHKD has seen its price go down 8 out of the past 10 hours, thus creating some compelling opportunities for bears. From a hourly perspective, the market looks fairly choppy; clear trends aren’t showing up on the 20, 50 and 100 hour timeframes. Of note is that the 20 hour changed directions on USDHKD; it is 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 entered today at 7.8464, up 11 pips (0.01%) from yesterday. Compared to its peers in the Forex, USDHKD gave its buyers a return that ranked 24th in terms of percentage change since yesterday. Here is a price chart of USDHKD.

USDHKD

USDHKD Technical Analysis

Notably, USDHKD is now close to its 20, 50, 100 and 200 day averages, located at 7.8405, 7.8268, 7.811 and 7.7973 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 14 day horizon; over that time period, price has been moving up. Or to simplify this another way, note that out of the past 14 days USDHKD’s price has gone up 9 them.