USDHKD Down 0 Pips in Last Hour, is Inching Close to 20, 50, 100 and 200 Day Averages; Doji and Pin Bar Patterns Appearing on Chart

Hourly Update

(Last Updated October 14, 2020 2:14 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 30 of the past 30 hours. From a hourly perspective, the market looks fairly choppy; clear trends aren’t showing up on the 20, 50 and 100 hour timeframes. 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 entered today at 7.74998, down 0 pips (0%) from the previous day. Compared to its peers in the Forex, USDHKD gave its buyers a return that ranked 17th in terms of percentage change since the previous day. The price chart of USDHKD below illustrates.

USDHKD

USDHKD Technical Analysis

Coming into today USDHKD is now close to its 20, 50, 100 and 200 day moving averages, which may act as price barrier for the asset. For additional context, note that price has gone up 2 out of the past 30 days. Also, candlestick traders! Note we see doji and pin bar patterns appearing here as well.