USD/HKD Down 0 Pips On 4 Hour Chart, in a Downtrend Over Past 90 Days; Eyes 20, 50, 100 and 200 Day Averages

USD/HKD 4 Hour Price Update

Updated May 18, 2020 05:09 PM GMT (01:09 PM EST)

USD/HKD is down 0 pips (0%) since the last 4 hour candle (opening the current 4 hour candle near 7.7514), marking NA NA NA. Relative to other instruments in the Forex asset class, USD/HKD ranked 24th the last 4 hour candle in terms of percentage price change.

USD/HKD End of Day Recap

Updated 00:30 GMT (04:30 EST)

USD/HKD entered today at 7.75059, down 2 pips (0%) from yesterday. Relative to other instruments in the Forex asset class, USD/HKD ranked 29th yesterday in terms of percentage price change. Let’s take a look at price chart of USD/HKD.

USD/HKD Technical Analysis

Coming into today 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. For additional context, note that price has gone down 4 out of the past 10 days. Also, candlestick traders! Note we see doji pattern appearing here as well.