Is Momentum Changing for Hang Seng? Price Just Crossed Below Its 20 Day Moving Average

The Hourly View for Hang Seng

  • At the moment, HSI’s price is up 124.11 (0.48%) from the hour prior.
  • This is the 2nd hour in a row Hang Seng has seen its price head up.
  • Regarding the trend, note that the strongest trend exists on the 20 hour timeframe.
  • The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

Hang Seng’s hourly price chart is shown below.

HSI

Below is a daily price chart of Hang Seng.

HSI

Featured Hang Seng Idea From TradingView

Below is a trading comment entitled 🆕 GBPUSD Short Execution | SteadyTrade Ai 10:10:20 (UTC) you may find interesting:

With further inflation data coming from Europe, the US CPI report will be hotly anticipated by investors. With SaaS, users don’t need to install or update any software. Instead, users can log in through the Internet or web browser and connect to the service provider’s network to access the particular service. Last week, the British Pound lost its two-week run against the US Dollar after a little price decrease. Despite the negative warning produced by a Death Cross pattern in early September, bears were unable to gain control, leading to a bearish breakdown in the S&P 500. The 50- and 200-day Simple Moving Averages are presently trading above the price (SMA). Last week, the British Pound (GBP) enjoyed a near 1% advance against the Australian Dollar (AUD). Back-to-back losses pushed the currency pair to positive activity. Since the peak of May 2020, prices have fallen sharply. An upward reversal, indicated by a bullish engulfing candlestick formation on the 8-hour chart, occurred early last week. Last week, the GBP/AUD pair reversed after piercing a downward trendline from its August high. Bulls further boosted prices, rising over the 50-day SMA. Fibonacci retracement 38.2% seems to be giv…

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