USD/HKD Down 1 Pips On 4 Hour Chart, Moves Down For NA NA; Nears 20, 50, 100 and 200 Day Moving Averages

USD/HKD 4 Hour Price Update

Updated July 06, 2020 05:07 AM GMT (01:07 AM EST)

USD/HKD is down 1 pips (0%) since the previous 4 hours (opening the current 4 hour candle near 7.7501), marking NA NA NA. Relative to other instruments in the Forex asset class, USD/HKD ranked 24th the previous 4 hours in terms of percentage price change.

USD/HKD End of Day Recap

Updated 00:30 GMT (04:30 EST)

USD/HKD is down 1 pips (0%) since the day prior (opening today near 7.74998), marking NA NA NA. Relative to other instruments in the Forex asset class, USD/HKD ranked 19th the day prior 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 USD/HKD is now close to its 20, 50, 100 and 200 day moving averages, which may act as price barrier for the asset. Price action traders in particular will want to note that the 30 day period appears to show price forming a base; this could indicate that a support/resistance level is developing. For additional context, note that price has gone up 1 out of the past 10 days. Also, candlestick traders! Note we see pin bar pattern appearing here as well.