USD/HKD 4 Hour Price Update
Updated April 08, 2020 12:45 AM GMT (08:45 PM EST)
USD/HKD is down 3 pips (0%) since the last 4 hour candle (opening the current 4 hour candle near 7.7522), marking NA NA NA. Relative to other instruments in the Forex asset class, USD/HKD ranked 11th the last 4 hour candle 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 7.7522, up 4 pips (0.01%) since yesterday. Compared to its peers in the Forex, USD/HKD gave its buyers a return that ranked 27th in terms of percentage change since yesterday. The price chart of USD/HKD below illustrates.
USD/HKD Technical Analysis
Notably, USD/HKD is now close to its 20, 50, 100 and 200 day averages, located at 7.7537, 7.7667, 7.7716 and 7.8029 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. 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. Or to simplify this another way, note that out of the past 10 days USD/HKD’s price has gone up 5 them. Oh, and one last thing: if you trade off of candlesticks, note that we’re seeing doji and pin bar patterns appearing here.