USD/SEK Down 15 Pips On 4 Hour Chart, 3 Day Down Streak Ended; Price Base in Formation Over Past 90 Days
Relative to other instruments in the forex asset class, usd/sek ranked 5th the day prior in terms of percentage price change.
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(Last Updated May 29, 2020)The Latest News on Price
The pairs that made the biggest moves, on a percentage basis, over the past day were GBPNZD, EURNZD, and TRYJPY. The chart below illustrates. None of the moves in the past day were especially noteworthy in terms of their size relative to their volatility over the past 30 days.
The chart below summarizes the price news by currency, showing which currency strengthened vs which weakened when equally averaged against other currencies. We see that CNH was the big outperformer, changing by 0.08%. On the flip side, NZD fared the worst, changing by -0.15%.
Forex Trend News
Over the past two weeks, the strongest trend has been on USDMXN. Alternatively, on a 90 day basis, the strongest trend appears on USDTRY. Interestingly, a countertrend appears on the 14 day relative to the 90 day timeframe appears for USDMXN, USDZAR, ZARJPY, AUDNZD, TRYJPY and USDTRY. Trading against the 14 day trend in favor of the 90 day trend may be an opportunity some traders would favor on these pairs.Moving Averages in the Forex World
Pairs that crossed notable moving average levels include EURAUD, EURCAD, EURNZD and AUDUSD; they crossed their 20, 50, 100 and 200 day moving averages, respectively. From the perspective of the alignment of moving averages — meaning where moving averages are ordered by their duration — we see that TRYJPY has perhaps the strongest trend. See the chart below.
One other point on moving averages: instruments in the Forex asset class that are near their 200 day moving average are EURAUD, EURJPY, CHFJPY, USDHKD, NZDCAD and AUDUSD.
Looking for More Forex News?
For more forex news beyond what is offered on CFDTrading, check out Forex Factory, FX Empire, and ForexLive. For the latest stories on specific currency pairs, try the articles below.USD/NOK Down 59 Pips in Last 4 Hours, in a Downtrend Over Past 14 Days; Pin Bar Pattern Appearing on Chart
Relative to other instruments in the forex asset class, usd/nok ranked 12th yesterday in terms of percentage price change.
GBP/CAD Up 10 Pips On 4 Hour Chart, Came Into Today Up For the 2nd Day In A Row; Price Base in Formation Over Past 90 Days
The closest is the 20 day average, which is 123.8 pips away.
EUR/NOK Down 25 Pips in Last 4 Hours, 3 Day Down Streak Snapped; Pin Bar Pattern Appearing on Chart
Volatility for eur/nok has been contracting over the past two weeks relative to volatility over the past month.
AUD/NZD Up 14 Pips On 4 Hour Chart, 2 Day Down Streak Ended; is Inching Close to 20 Day Average
It should be noted, though, the 200 day simple moving average turned upwards, which may be a bullish sign.
USD/JPY Up 1 Pips On 4 Hour Chart, in an Uptrend Over Past 14 Days; Eyes 20, 50 and 100 Day Averages
Or to simplify this another way, note that out of the past 14 days usd/jpy’s price has gone up 8 them.
USD/HKD Up 11 Pips Over Past 4 Hours, in a Downtrend Over Past 90 Days; Eyes 20, 50, 100 and 200 Day Averages
It should be noted, though, the 20 day simple moving average turned upwards, which may be a bullish sign.
GBP/USD Up 2 Pips On 4 Hour Chart, Nears 50 Day Moving Average; Pin Bar Pattern Appearing on Chart
The clearest trend exists on the 14 day timeframe, which shows price moving up over that time.
GBP/JPY Up 2 Pips in Last 4 Hours, Came Into Today Up For the 2nd Day In A Row; is Inching Close to 50 Day Average
Relative to other instruments in the forex asset class, gbp/jpy ranked 16th the previous day in terms of percentage price change.
CHF/JPY Up 2 Pips Over Past 4 Hours, Came Into Today Up For the 2nd Day In A Row; Nears 100 and 200 Day Moving Averages
It should be noted, though, that a trend in the opposite direction, going down, exists on the 90 day timeframe.