USD/HKD Down 1 Pips Over Past 4 Hours, Makes Big Move Relative to Two Week Trend; Eyes 20, 50, 100 and 200 Day Averages

USD/HKD 4 Hour Price Update

Updated July 02, 2020 01:15 AM GMT (09:15 PM EST)

The back and forth price flow continues for USD/HKD, which started the current 4 hour candle off at 7.7507, down 1 pips 0% from the previous 4 hours. Out of the 37 instruments in the Forex asset class, USD/HKD ended up ranking 14th for the four-hour candle in terms of price change.

USD/HKD End of Day Recap

Updated 00:30 GMT (04:30 EST)

USD/HKD is down 4 pips (0%) since the previous day (opening today near 7.75072), marking NA NA NA. Relative to other instruments in the Forex asset class, USD/HKD ranked 22nd the previous day in terms of percentage price change. The price chart of USD/HKD below illustrates.

USD/HKD Technical Analysis

The first thing we should note is that the current price of USD/HKD is sitting close to its 20, 50, 100 and 200 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. For additional context, note that price has gone down 4 out of the past 30 days. Oh, and one last thing: if you trade off of candlesticks, note that we’re seeing pin bar pattern appearing here.