USD/HKD Down 1 Pips On 4 Hour Chart, Entered Today Down For NA NA; in a Downtrend Over Past 90 Days

USD/HKD 4 Hour Price Update

Updated May 14, 2020 09:06 AM GMT (05:06 AM EST)

The back and forth price flow continues for USD/HKD, which started the current 4 hour candle off at 7.7505, down 1 pips 0% from the last 4 hour candle. Relative to other instruments in the Forex asset class, USD/HKD ranked 16th 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 is down 0 pips (0%) since the day prior (opening today near 7.75108), marking NA NA NA. Relative to other instruments in the Forex asset class, USD/HKD ranked 31st the day prior in terms of percentage price change. Let’s take a look at price chart of 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. 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. For additional context, note that price has gone up 3 out of the past 10 days. Oh, and one last thing: if you trade off of candlesticks, note that we’re seeing pin bar pattern appearing here.