(Last Updated September 17, 2021 1:13 GMT)
Currently, USDHKD’s rate is up 4 pips (0.01%) from the hour prior. This move is a reversal from the hour prior, which saw price move down. Regarding the trend, note that the strongest trend exists on the 100 hour timeframe. The moving averages on the hourly timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.
USDHKD End of Day Recap
Updated 00:30 GMT (04:30 EST)
The choppiness in the recent daily price action of USDHKD continues; to start today, it came in at a price of 7.78131, up 22 pips (0.03%) since the previous day. Out of the 39 instruments in the Forex asset class, USDHKD ended up ranking 14th for the day in terms of price change. The price chart of USDHKD below illustrates.
USDHKD Technical Analysis
Notably, USDHKD crossed above its 20 day moving average yesterday. The clearest trend exists on the 90 day timeframe, which shows price moving up over that time. Or to simplify this another way, note that out of the past 10 days USDHKD’s price has gone up 6 them.