USD/HKD 4 Hour Price Update
Updated April 02, 2020 05:12 AM GMT (01:12 AM EST)
The choppiness in the recent four-hour candle price action of USD/HKD continues; to start the current 4 hour candle, it came in at a price of 7.7522, down 0 pips (0%) since the previous 4 hours. Relative to other instruments in the Forex asset class, USD/HKD ranked 26th 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 entered today at 7.7522, down 0 pips (0%) from the previous day. Relative to other instruments in the Forex asset class, USD/HKD ranked 25th the previous day in terms of percentage price change. Here is a price chart of USD/HKD.
USD/HKD Technical Analysis
The first thing we should note is that the current price of USD/HKD is sitting close to its 20, 50, 100 and 200 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. 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. Or to simplify this another way, note that out of the past 10 days USD/HKD’s price has gone down 4 them. Also, candlestick traders! Note we see doji and pin bar patterns appearing here as well.