USD/HKD Down 1 Pips Over Past 4 Hours, Entered Today Down For NA NA; is Inching Close to 20, 50, 100 and 200 Day Averages

USD/HKD 4 Hour Price Update

Updated June 04, 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 7.7503), marking NA NA NA. Out of the 37 instruments in the Forex asset class, USD/HKD ended up ranking 19th for the four-hour candle in terms of price change.

USD/HKD End of Day Recap

Updated 00:30 GMT (04:30 EST)

USD/HKD is down 2 pips (0%) since yesterday (opening today near 7.75018), marking NA NA NA. Compared to its peers in the Forex, USD/HKD gave its buyers a return that ranked 28th in terms of percentage change since yesterday. Below is a price chart of USD/HKD.

USD/HKD Technical Analysis

Coming into today USD/HKD is now close to its 20, 50, 100 and 200 day averages, located at 7.7521, 7.7515, 7.7592 and 7.7815 respectively, and thus may be at a key juncture along those timeframes. 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 12.8 pips away. The clearest trend exists on the 90 day timeframe, which shows price moving down over that time. Also of note is that on a 30 day basis 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 10 out of the past 30 days. Also, candlestick traders! Note we see doji pattern appearing here as well.