"Forex Frank" is a forex trader and commentator focused primarily on technical analysis rooted in price action. Follow him on social media:
USD/ZAR Up 11 Pips On 4 Hour Chart, Underperforms All Forex; 4 Day Up Streak Ended
This imputes a buy/sell ratio of 2.5, which is bullish.
Forex Frank
EUR/CAD Down 10 Pips Over Past 4 Hours; Pin Bar Pattern Appearing on Chart
Compared to its peers in the forex, eur/cad gave its buyers a return that ranked 24th in terms of percentage change since yesterday.
AUD/NZD Up 4 Pips On 4 Hour Chart, Moves Up For the 2nd Day In A Row; Pin Bar Pattern Appearing on Chart
Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving up.
EUR/NZD Down 13 Pips in Last 4 Hours, 9 Day Up Streak Ended; in an Uptrend Over Past 14 Days
For additional context, note that price has gone up 10 out of the past 14 days.
EUR/AUD Down 19 Pips in Last 4 Hours, in an Uptrend Over Past 14 Days; Pin Bar Pattern Appearing on Chart
It should be noted, though, that a trend in the opposite direction, going down, exists on the 90 day timeframe.
GBP/NZD Down 6 Pips On 4 Hour Chart, Came Into Today Up For the 9th Day In A Row; Eyes 100 Day Average
This imputes a buy/sell ratio of 0.5, which is bearish.
EUR/JPY Down 1 Pips On 4 Hour Chart, 3 Day Up Streak Snapped; in an Uptrend Over Past 30 Days
As for the rationale, technical traders seem to be citing the appearance of channel, fibonacci and triangle technical patterns.
GBP/CAD Down 4 Pips in Last 4 Hours, in an Uptrend Over Past 30 Days; Sentiment Strongly Favors Sellers
The closest is the 20 day average, which is 351.6 pips away.
EUR/USD Up 13 Pips On 4 Hour Chart, Entered Today Up For the 2nd Day In A Row; in an Uptrend Over Past 90 Days
This imputes a buy/sell ratio of 0.58, which is bearish.
EUR/CHF Down 8 Pips in Last 4 Hours, in an Uptrend Over Past 30 Days; Eyes 20 Day Average
This imputes a buy/sell ratio of 5, which is very bullish.