USDHKD Down 0 Pips On Hourly Chart, Makes Big Move Relative to Past Three Months; 13 Day Up Streak Ended

Hourly Update

(Last Updated October 12, 2020 2:15 GMT)

At the time of this writing, 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 10 of the past 10 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, which opened today priced near 7.74817, is down 20 pips 0.03% since yesterday, marking a reversal from the day prior — and the end of a 13 day unchanged run. Relative to other instruments in the Forex asset class, USDHKD ranked 20th yesterday in terms of percentage price change. Below is a price chart of USDHKD.

USDHKD

USDHKD Technical Analysis

Notably, USDHKD crossed below its 20 and 50 day moving averages yesterday. For additional context, note that price has gone down 1 out of the past 10 days.