US Dollar ($) ⇨ Hong Kong Dollar (HK$)(USDHKD) Trading Outlook

US Dollar ($) ⇨ Hong Kong Dollar (HK$)(USDHKD) Trading Outlook

US Dollar ($) ⇨ Hong Kong Dollar (HK$)(USDHKD) Trading Outlook

HEFFX Notes Honk Kong Dollar

Overall, the bias in prices is: Sideways.

Short term: Prices are stalling.

Intermediate term: Prices are ranging.

The projected upper bound is: 7.76.

The projected lower bound is: 7.75.

The projected closing price is: 7.76.

FOREX HKD= closed down -0.001 at 7.757. Volume was 100% below average (consolidating) and Bollinger Bands were 32% narrower than normal.

Open     High     Low      Close      Volume
7.757      7.757    7.757    7.757       15

Technical Outlook
Short Term: Overbought
Intermediate Term: Bullish
Long Term: Bearish

Moving Averages: 10-period      50-period      200-period
Close:                       7.76                 7.76                7.76
Volatility:               0                       0                     1
Volume:                  4,568               5,457              5,241

Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.

Summary Hong Kong Dollar
FOREX HKD= is currently 0.1% below its 200-period moving average and is in an upward trend. Volatility is extremely low when compared to the average volatility over the last 10 periods. There is a good possibility that there will be an increase in volatility along with sharp price fluctuations in the near future. Our volume indicators reflect volume flowing into and out of HKD= at a relatively equal pace (neutral). Our trend forecasting oscillators are currently bullish on HKD= and have had this outlook for the last 3 periods.

Hong Kong Dollar

HEFFX Momentum Hong Kong Dollar

Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.

Stochastic Oscillator

One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 79.8316. This is not an overbought or oversold reading. The last signal was a sell 0 period(s) ago.

Relative Strength Index (RSI)

The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 54.86. This is not a topping or bottoming area. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a sell 160 period(s) ago.

Commodity Channel Index (CCI)

The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is 106.This is an overbought reading. However, a signal isn’t generated until the indicator crosses below 100. The last signal was a buy 7 period(s) ago.


The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a buy 5 period(s) ago.

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