USD/HKD Down 2 Pips Over Past 4 Hours, in a Downtrend Over Past 30 Days; Eyes 20, 50 and 100 Day Averages

USD/HKD 4 Hour Price Update

Updated April 03, 2020 12:47 AM GMT (08:47 PM EST)

USD/HKD is down 2 pips (0%) since the previous 4 hours (opening the current 4 hour candle near 7.7517), marking NA NA NA. Relative to other instruments in the Forex asset class, USD/HKD ranked 20th the previous 4 hours in terms of percentage price change.

USD/HKD End of Day Recap

Updated 00:30 GMT (04:30 EST)

The choppiness in the recent daily price action of USD/HKD continues; to start today, it came in at a price of 7.7516, down 0 pips (0%) since yesterday. Compared to its peers in the Forex, USD/HKD gave its buyers a return that ranked 31st in terms of percentage change since yesterday. Here is a price chart of USD/HKD.

USD/HKD Technical Analysis

Coming into today USD/HKD is now close to its 20, 50, 100 and 200 day moving averages, which may act as price barrier for the asset. 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. Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving down. For additional context, note that price has gone down 16 out of the past 30 days. Oh, and one last thing: if you trade off of candlesticks, note that we’re seeing pin bar pattern appearing here.

The View From Around the Web

Not much in terms quality buy/sell signals we’re seeing for USDHKD; just 0 sell signals and 1 buy signals. This imputes a buy/sell ratio that’s infinite! But, let’s not get carried away with that idea just yet. 🙂 Here’s a piece we found on tradingview.com; below is a short snippet from it to give you a taste.

BUY STOP – PENDING ORDERBUYING USD/HKDEntry: 7.7538Target 1: 7.7607(69+ pips)Target 1: 7.7677(139+ pips)SL: 7.7480 (58- pips)