(Last Updated September 15, 2021 1:13 GMT)
At the moment, USDHKD’s rate is down -4 pips (-0.01%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved up. 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 choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.
USDHKD End of Day Recap
Updated 00:30 GMT (04:30 EST)
USDHKD entered today at 7.77947, up 19 pips (0.02%) from the previous day. Relative to other instruments in the Forex asset class, USDHKD ranked 17th the previous day in terms of percentage price change. The price chart of USDHKD below illustrates.
USDHKD Technical Analysis
Coming into today USDHKD is now close to its 20, 50, 100 and 200 day moving averages, which may act as price barrier for the asset. The clearest trend exists on the 90 day timeframe, which shows price moving up over that time. Or to simplify this another way, note that out of the past 30 days USDHKD’s price has gone up 17 them.