The Hong Kong dollar is the official currency of Hong Kong. It is subdivided into 100 cents. The Hong Kong Monetary Authority is the governmental currency board and also the de facto central bank for Hong Kong and the Hong Kong dollar. Our currency rankings show that the most popular Hong Kong Dollar exchange rate is the HKD to USD rate.
Monthly HKD Chart
it appears that the Hong Kong dollar has been in a bullish monthly run since late 2016 and had only a temporary slowdown in late 2017. So monthly momentum has supported the strong move.
Weekly HKD Chart
The weekly chart illustrates that the bullishness of the monthly chart was topping when broken down into weeks. As of the close on 9/20/2018, the weekly chart showed a red signal of impending volatility and elevated risk and was in support of any daily Red Light signal that may have been issued.
Daily HKD Chart
As you can see in the chart below, a red light signal was given on the 8/14 and had you heeded that notification you could have avoided some significant volatility.
The effects of a trade war are not easy to predict in advance, so understand that the signals require the skills of an experienced trader. You must recognize that as the US and China continue to work out their economic differences, stability will be the exception, and tremendous volatility will be the rule.
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