NZDUSD Up 7 Pips On Hourly Chart; 5 Day Up Streak Snapped
The clearest trend exists on the 14 day timeframe, which shows price moving up over that time.
Forex News
(Last Updated February 26, 2021 22:24 GMT)
FX Market Hourly Update
In the preceding hour, USDNOK stands out as the biggest mover in the forex asset class on a percentage basis, jumping 280 pips (0.32%). Traders interested in intraday trends may wish to observe USDTRY, which has been in an uptrend over the past 50 price candles. Last but not least, CHFJPY‘s 50 hour moving average has just been breached.Price Action on the Daily Chart
The pairs that made the biggest moves, on a percentage basis, over the past day were USDZAR, ZARJPY, and USDMXN. The chart below illustrates. Note that USDZAR, USDNOK and NZDCAD made especially large and surprising moves over the past day.
The chart below summarizes the price news by currency, showing which currency strengthened vs which weakened when equally averaged against other currencies. Of note is that USD was the outperformer for the day, moving by 1.16%. Alternatively, ZAR moving by -3.67%, making it the worst performer of the bunch.
As for who is on a hot streak, EURTRY, EURCHF, AUDJPY and GBPCHF have now rallied 8, 8, 8 and 9 out of the past ten trading days.
Forex Trend News
Over the past two weeks, the strongest trend has been on GBPJPY. Alternatively, on a 90 day basis, the strongest trend appears on AUDCAD. Price action traders will also want to note that a base appears to be forming on USDZAR and GBPNZD. Price bases often precede increases in volatility and a clear trend.Moving Averages in the Forex World
For those who pay attention to moving averages, USDZAR may be of particular interest. It crossed its 20 and 50 day moving averages. Below is a list of currency pairs that crossed key moving average levels over the past day.| Currency Pair | Moving Average Period Crossed |
|---|---|
| USDTRY | 50 |
| GBPAUD | 50 |
| USDNOK | 20 |
| EURNOK | 20 |
| EURSEK | 20 |
| AUDNZD | 20 |
| ZARJPY | 20 |
From the perspective of the alignment of moving averages — meaning where moving averages are ordered by their duration — we see that USDZAR has perhaps the strongest trend. See the chart below.
Lastly, instruments USDHKD and AUDNZD are close to their 200 day moving average.
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.NZDJPY Up 2 Pips On Hourly Chart, 5 Day Up Streak Snapped; Pin Bar Pattern Appearing on Chart
Or to simplify this another way, note that out of the past 30 days nzdjpy’s price has gone up 19 them.
NZDCHF Down 4 Pips On Hourly Chart, 6 Day Up Streak Snapped; in an Uptrend Over Past 14 Days
Compared to its peers in the forex, nzdchf gave its buyers a return that ranked 35th in terms of percentage change since the day prior.
GBPUSD Up 14 Pips in Last Hour, 5 Day Up Streak Ended; in an Uptrend Over Past 14 Days
This is a reversal of the price action on the previous hour, in which price moved down.
NZDCAD Up 13 Pips On Hourly Chart, Makes Big Move Relative to Past Two Months; Pin Bar Pattern Appearing on Chart
For additional context, note that price has gone down 6 out of the past 10 days.
GBPNZD Down 39 Pips in Last Hour, Price Base in Formation Over Past 14 Days; is Inching Close to 50 Day Average
Regarding the trend, note that the strongest trend exists on the 100 hour timeframe.
GBPJPY Down 7 Pips On Hourly Chart, 3 Day Up Streak Ended; in an Uptrend Over Past 90 Days
Relative to other instruments in the forex asset class, gbpjpy ranked 27th the previous day in terms of percentage price change.
GBPCHF Down 22 Pips On Hourly Chart, in an Uptrend Over Past 14 Days; Bearish Engulfing Pattern Present
The clearest trend exists on the 14 day timeframe, which shows price moving up over that time.
GBPCAD Up 2 Pips Over Past Hour, Entered Today Down For the 2nd Consecutive Day; Nears 20 Day Moving Average
The clearest trend exists on the 14 day timeframe, which shows price moving up over that time.
GBPAUD Down 32 Pips On Hourly Chart, Crosses 50 Day Moving Average; Pin Bar Pattern Appearing on Chart
The closest is the 50 day average, which is 44.3 pips away.