USDHKD Down 0 Pips in Last Hour, Came Into Today Down For 2nd Consecutive Day; Breaks Below 50 Day Average

Hourly Update

(Last Updated October 15, 2020 1:15 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 choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

USDHKD End of Day Recap

Updated 00:30 GMT (04:30 EST)

USDHKD is down 1 pips (0%) since the previous day (opening today near 7.74984), marking 2nd consecutive day it is flat. Compared to its peers in the Forex, USDHKD gave its buyers a return that ranked 20th in terms of percentage change since the previous day. Below is a price chart of USDHKD.

USDHKD

USDHKD Technical Analysis

First things first: USDHKD crossed below its 50 day moving average yesterday. For additional context, note that price has gone up 2 out of the past 30 days.