Interestingly, a trend in the other direction exists on the 90 day timeframe, where price is headed down.
As for the alignment of the moving averages, well, it’s a bit mixed up; the 20, 50, 100, and 200 do not progress from largest to smallest, or vice versa.
This imputes a buy/sell ratio of 1.5, which is bullish.
If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 20 hour timeframe.
Compared to its peers in the forex, usdhkd gave its buyers a return that ranked 21st in terms of percentage change since yesterday.
Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving up.
This imputes a buy/sell ratio of 0.94, which is neutral.
This imputes a buy/sell ratio of 1.69, which is bullish.
Given that we see downtrend on the 20 and 10 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.
Given that we see an uptrend on the 20 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.