USD/HKD Down 1 Pips in Last 4 Hours, Moves Down For NA NA; Price Base in Formation Over Past 14 Days

USD/HKD 4 Hour Price Update

Updated June 18, 2020 09:08 AM GMT (05:08 AM EST)

USD/HKD is down 1 pips (0%) since the last 4 hour candle (opening the current 4 hour candle near 7.7503), marking NA NA NA. Relative to other instruments in the Forex asset class, USD/HKD ranked 21st the last 4 hour candle in terms of percentage price change.

USD/HKD End of Day Recap

Updated 00:30 GMT (04:30 EST)

USD/HKD is down 1 pips (0%) since yesterday (opening today near 7.75019), marking NA NA NA. Out of the 40 instruments in the Forex asset class, USD/HKD ended up ranking 23rd for the day in terms of price change. Let’s take a look at price chart of USD/HKD.

USD/HKD Technical Analysis

The first thing we should note is that 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. The clearest trend exists on the 30 day timeframe, which shows price moving down over that time. Also of note is that on a 14 day basis price appears to be forming a base — which could the stage for it being a support/resistance level going forward. For additional context, note that price has gone down 1 out of the past 10 days.