USD/HKD Down 0 Pips in Last Hour, Came Into Today Down For the 2nd Day In A Row; Eyes 20, 50, 100 and 200 Day Averages

Hourly Update

(Last Updated December 30, 2021 1:38 GMT)

At the moment, USDHKD’s rate is down 0 pips (0%) from the hour prior. It’s been a feast for bears operating on an hourly timeframe, as USDHKD has now gone down 27 of the past 30 hours. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 50 hour timeframe. The moving averages on the hourly timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.

USDHKD End of Day Recap

Updated 00:30 GMT (04:30 EST)

USDHKD is down 12 pips (0.02%) since the previous day (opening today near 7.79694), marking the 2nd day in a row a decline has happened. Compared to its peers in the Forex, USDHKD gave its buyers a return that ranked 28th in terms of percentage change since the previous day. Let’s take a look at price chart of USDHKD.

USDHKD

USDHKD Technical Analysis

Coming into today the current price of USDHKD 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 up. Or to simplify this another way, note that out of the past 14 days USDHKD’s price has gone down 6 them.