(Last Updated March 31, 2021 0:15 GMT)
At the moment, USDHKD’s rate is down 0 pips (0%) from the hour prior. USDHKD has seen its price go down 4 out of the past 5 hours, thus creating some compelling opportunities for bears. As for the trend on the hourly timeframe, we see the clearest trend on the 100 hour timeframe. The moving averages on the hourly timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.
USDHKD End of Day Recap
Updated 00:30 GMT (04:30 EST)
USDHKD entered today at 7.77299, up 43 pips (0.06%) from yesterday. Out of the 39 instruments in the Forex asset class, USDHKD ended up ranking 18th for the day in terms of price change. Let’s take a look at price chart of USDHKD.
USDHKD Technical Analysis
Notably, USDHKD is now close to its 20, 50, 100 and 200 day averages, located at 7.7643, 7.7574, 7.755 and 7.7527 respectively, and thus may be at a key juncture along those timeframes. The clearest trend exists on the 30 day timeframe, which shows price moving up over that time. For additional context, note that price has gone up 15 out of the past 30 days.