USD/HKD Down 3 Pips in Last 4 Hours; Breaks Below 20 Day Average

USD/HKD 4 Hour Price Update

Updated May 19, 2020 05:15 PM GMT (01:15 PM EST)

USD/HKD is down 3 pips (0%) since the previous 4 hours (opening the current 4 hour candle near 7.7509), marking NA NA NA. Relative to other instruments in the Forex asset class, USD/HKD ranked 23rd the previous 4 hours in terms of percentage price change.

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 7.75112, down 2 pips (0%) since the day prior. Out of the 40 instruments in the Forex asset class, USD/HKD ended up ranking 31st for the day in terms of price change. Here is a price chart of USD/HKD.

USD/HKD Technical Analysis

First things first: USD/HKD crossed below its 20 day moving average yesterday. 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.