(Last Updated January 14, 2021 2:15 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 28 of the past 30 hours. As for the trend on the hourly timeframe, we see the clearest trend on the 50 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 is down 12 pips (0.02%) since the previous day (opening today near 7.75335), marking the 3rd straight day a decline has happened. Relative to other instruments in the Forex asset class, USDHKD ranked 18th the previous day in terms of percentage 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 moving averages, which may act as price barrier for the asset. 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 down 7 out of the past 14 days.