USD/HKD Up 5 Pips in Last 4 Hours, 2 Day Up Streak Broken; is Inching Close to 20, 50 and 100 Day Averages

USD/HKD 4 Hour Price Update

Updated March 27, 2020 12:48 AM GMT (08:48 PM EST)

USD/HKD entered the current 4 hour candle at 7.7525, up 5 pips (0.01%) from the last 4 hour candle. Out of the 40 instruments in the Forex asset class, USD/HKD ended up ranking 17th 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 entered today at 7.7525, up 10 pips (0.01%) from the day prior. Compared to its peers in the Forex, USD/HKD gave its buyers a return that ranked 20th in terms of percentage change since the day prior. Let’s take a look at price chart of USD/HKD.

USD/HKD Technical Analysis

The first thing we should note is that USD/HKD is now close to its 20, 50, 100 and 200 day moving averages, which may act as price barrier for the asset. Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving down. For additional context, note that price has gone down 5 out of the past 10 days.