USD/HKD Down 0 Pips On 4 Hour Chart, Eyes 20, 50, 100 and 200 Day Averages; Doji and Pin Bar Patterns Appearing on Chart

USD/HKD 4 Hour Price Update

Updated June 24, 2020 01:13 PM GMT (09:13 AM EST)

USD/HKD is down 0 pips (0%) since the previous 4 hours (opening the current 4 hour candle near 7.7501), marking NA NA NA. Compared to its peers in the Forex, USD/HKD gave its buyers a return that ranked 18th in terms of percentage change since the previous 4 hours.

USD/HKD End of Day Recap

Updated 00:30 GMT (04:30 EST)

The back and forth price flow continues for USD/HKD, which started today off at 7.75009, down 1 pips 0% from the day prior. Compared to its peers in the Forex, USD/HKD gave its buyers a return that ranked 25th in terms of percentage change since the day prior. The price chart of USD/HKD below illustrates.

USD/HKD Technical Analysis

Coming into today USD/HKD is now close to its 20, 50, 100 and 200 day averages, located at 7.7501, 7.7512, 7.7545 and 7.7739 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 30 day timeframe, which shows price moving down over that time. For additional context, note that price has gone down 2 out of the past 14 days. And for candlestick traders, a special treat: there are doji and pin bar patterns showing up on the charts as well. Rejoice!