USD/HKD Down 0 Pips Over Past 4 Hours; Nears 20, 50, 100 and 200 Day Moving Averages

USD/HKD 4 Hour Price Update

Updated May 20, 2020 05:03 PM GMT (01:03 PM EST)

USD/HKD is down 0 pips (0%) since the previous 4 hours (opening the current 4 hour candle near 7.7501), marking NA NA NA. Compared to its peers in the Forex, USD/HKD gave its buyers a return that ranked 19th in terms of percentage change since the previous 4 hours.

USD/HKD End of Day Recap

Updated 00:30 GMT (04:30 EST)

The choppiness in the recent daily price action of USD/HKD continues; to start today, it came in at a price of 7.75069, down 1 pips (0%) since yesterday. Relative to other instruments in the Forex asset class, USD/HKD ranked 31st yesterday in terms of percentage price change. Here is a price chart of USD/HKD.

USD/HKD Technical Analysis

Notably, USD/HKD is now close to its 20, 50, 100 and 200 day moving averages, which may act as price barrier for the asset. As for the alignment of the moving averages, well, it’s a bit mixed up; the 20, 50, 100, and 200 do not progress from largest to smallest, or vice versa. The closest is the 50 day average, which is 5.2 pips away. The clearest trend exists on the 90 day timeframe, which shows price moving down over that time. Or to simplify this another way, note that out of the past 30 days USD/HKD’s price has gone up 7 them.