USD/HKD Down 1 Pips On 4 Hour Chart, Entered Today Down For NA NA; Doji and Pin Bar Patterns Appearing on Chart

USD/HKD 4 Hour Price Update

Updated May 13, 2020 01:09 AM GMT (09:09 PM EST)

USD/HKD is down 1 pips (0%) since the previous 4 hours (opening the current 4 hour candle near 7.7506), marking NA NA NA. Relative to other instruments in the Forex asset class, USD/HKD ranked 15th the previous 4 hours in terms of percentage price change.

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 7.75071), marking NA NA NA. Out of the 40 instruments in the Forex asset class, USD/HKD ended up ranking 27th for the day in terms of price change. The price chart of USD/HKD below illustrates.

USD/HKD Technical Analysis

The first thing we should note is that the current price of USD/HKD 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. 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. Also of note is that on the 14 and 30 day bases 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 8 out of the past 30 days. Oh, and one last thing: if you trade off of candlesticks, note that we’re seeing doji and pin bar patterns appearing here.