(Last Updated January 13, 2021 2:15 GMT)
Currently, USDHKD’s rate is down 0 pips (0%) from the hour prior. USDHKD has seen its price go down 28 out of the past 30 hours, thus creating some compelling opportunities for bears. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists 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 is down 6 pips (0.01%) since the day prior (opening today near 7.75459), marking the 2nd consecutive day it has gone down. Out of the 40 instruments in the Forex asset class, USDHKD ended up ranking 22nd for the day in terms of price change. The price chart of USDHKD below illustrates.
USDHKD Technical Analysis
Notably, the current price of USDHKD 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. 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 up 10 out of the past 30 days.