(Last Updated April 5, 2021 2:14 GMT)
Currently, USDHKD’s rate is down 1 pips (0%) from the hour prior. It’s been a feast for bears operating on an hourly timeframe, as USDHKD has now gone down 4 of the past 5 hours. Regarding the trend, note that the strongest trend exists on the 50 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)
The choppiness in the recent daily price action of USDHKD continues; to start today, it came in at a price of 7.77541, down 0 pips (0%) since the previous day. Out of the 39 instruments in the Forex asset class, USDHKD ended up ranking 27th for the day in terms of price change. Here is a price chart of USDHKD.
USDHKD Technical Analysis
Coming into today the current price of USDHKD 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. The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. Or to simplify this another way, note that out of the past 14 days USDHKD’s price has gone up 7 them. Also, candlestick traders! Note we see doji pattern appearing here as well.