USD/HKD Down 6 Pips Over Past 4 Hours, in a Downtrend Over Past 90 Days; Eyes 20, 50, 100 and 200 Day Averages

USD/HKD 4 Hour Price Update

Updated May 15, 2020 01:07 PM GMT (09:07 AM EST)

The back and forth price flow continues for USD/HKD, which started the current 4 hour candle off at 7.7506, down 6 pips 0.01% from the previous 4 hours. Relative to other instruments in the Forex asset class, USD/HKD ranked 18th the previous 4 hours in terms of percentage price change.

USD/HKD End of Day Recap

Updated 00:30 GMT (04:30 EST)

The back and forth price flow continues for USD/HKD, which started today off at 7.75118, down 7 pips 0.01% from the previous day. Relative to other instruments in the Forex asset class, USD/HKD ranked 29th 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. Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving down. Or to simplify this another way, note that out of the past 14 days USD/HKD’s price has gone up 5 them.