USD/HKD Down 2 Pips Over Past 4 Hours, Moves Down For NA NA; Eyes 20, 50, 100 and 200 Day Averages

USD/HKD 4 Hour Price Update

Updated August 08, 2020 09:21 AM GMT (05:21 AM EST)

USD/HKD is down 2 pips (0%) since the previous 4 hours (opening the current 4 hour candle near 7.7502), marking NA NA NA. Compared to its peers in the Forex, USD/HKD gave its buyers a return that ranked 12th in terms of percentage change since the previous 4 hours.

USD/HKD End of Day Recap

Updated 00:30 GMT (04:30 EST)

USD/HKD is down 1 pips (0%) since the day prior (opening today near 7.75016), marking NA NA NA. Compared to its peers in the Forex, USD/HKD gave its buyers a return that ranked 29th in terms of percentage change since the day prior. Below is a price chart of USD/HKD.

USD/HKD

USD/HKD Technical Analysis

Coming into today USD/HKD is now close to its 20, 50, 100 and 200 day moving averages, which may act as price barrier for the asset. 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 4 pips away. The clearest trend exists on the 14 day timeframe, which shows price moving down over that time. Also of note is that on a 30 day basis price appears to be forming a base — which could the stage for it being a support/resistance level going forward. For additional context, note that price has gone down 6 out of the past 14 days.