USD/HKD Down 1 Pips in Last 4 Hours, Eyes 20, 50, 100 and 200 Day Averages; Doji and Pin Bar Patterns Appearing on Chart

USD/HKD 4 Hour Price Update

Updated May 21, 2020 12:48 AM GMT (08:48 PM EST)

USD/HKD is down 1 pips (0%) since the last 4 hour candle (opening the current 4 hour candle near 7.7503), marking NA NA NA. Relative to other instruments in the Forex asset class, USD/HKD ranked 22nd the last 4 hour candle in terms of percentage price change.

USD/HKD End of Day Recap

Updated 00:30 GMT (04:30 EST)

USD/HKD entered today at 7.75035, down 3 pips (0%) from yesterday. Compared to its peers in the Forex, USD/HKD gave its buyers a return that ranked 29th in terms of percentage change since yesterday. The price chart of USD/HKD below illustrates.

USD/HKD Technical Analysis

The first thing we should note is that the current price of USD/HKD 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. As for the alignment of the moving averages, well, it’s a bit mixed up; the 20, 50, 100, and 200 do not progress from largest to smallest, or vice versa. The closest is the 50 day average, which is 8.1 pips away. Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving down. Or to simplify this another way, note that out of the past 10 days USD/HKD’s price has gone down 4 them. Oh, and one last thing: if you trade off of candlesticks, note that we’re seeing doji and pin bar patterns appearing here.