USD/SEK Down 352 Pips On 4 Hour Chart, Moves Down For the 3rd Day In A Row; in a Downtrend Over Past 14 Days
Rsi 14 is oversold and the price seems really closed to the support line!…
Forex News
Forex Market Summary
(Last Updated June 3, 2020)The Latest News on Price
The pairs that made the biggest moves, on a percentage basis, over the past day were TRYJPY, AUDJPY, and NZDJPY. The chart below illustrates. Note that NZDCAD made an especially large and surprising move 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. We see that CNH was the big outperformer, moving by 0.28%. On the flip side, JPY fared the worst, moving by -0.3%.
Forex Trend News
Over the past two weeks, the strongest trend has been on USDSEK. 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 ZARJPY and USDZAR. 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 EURTRY, USDCNH and CADJPY; they crossed their 20, 20 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 GBPJPY has perhaps the strongest trend. See the chart below.
Finally, instruments NZDCHF, CADJPY, USDJPY, EURCHF, USDHKD, USDCAD, EURNZD and USDNOK 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.USD/CAD Down 8 Pips in Last 4 Hours, Moves Down For the 4th Day In A Row; in a Downtrend Over Past 14 Days
As for the alignment of the moving averages, well, it’s a bit mixed up; the 20, 50, 100, and 200 do not progress from largest to smallest, or vice versa.
USD/MXN Down 670 Pips Over Past 4 Hours, Entered Today Down For the 3rd Day In A Row; Pin Bar Pattern Appearing on Chart
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.
USD/CHF Down 6 Pips in Last 4 Hours, 2 Day Up Streak Broken; 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 down.
USD/HKD Down 2 Pips On 4 Hour Chart, Moves Down For NA NA; is Inching Close to 20, 50, 100 and 200 Day Averages
Relative to other instruments in the forex asset class, usd/hkd ranked 28th yesterday in terms of percentage price change.
EUR/SEK Down 179 Pips On 4 Hour Chart, in a Downtrend Over Past 30 Days; Pin Bar Pattern Appearing on Chart
As for the alignment of the moving averages, well, it’s a bit mixed up; the 20, 50, 100, and 200 do not progress from largest to smallest, or vice versa.
EUR/TRY Up 165 Pips Over Past 4 Hours, Makes Big Move Relative to Two Week Trend; Pin Bar Pattern Appearing on Chart
The clearest trend exists on the 14 day timeframe, which shows price moving up over that time.
AUD/NZD Down 15 Pips On 4 Hour Chart, Moves Up For the 5th Day In A Row; Doji and Pin Bar Patterns Appearing on Chart
Or to simplify this another way, note that out of the past 10 days aud/nzd’s price has gone up 8 them.
CAD/CHF Down 1 Pips in Last 4 Hours, Came Into Today Up For the 4th Day In A Row; Pin Bar Pattern Appearing on Chart
As for the alignment of the moving averages, well, it’s a bit mixed up; the 20, 50, 100, and 200 do not progress from largest to smallest, or vice versa.
EUR/CHF Up 14 Pips On 4 Hour Chart, Came Into Today Up For the 4th Day In A Row; in an Uptrend Over Past 14 Days
Relative to other instruments in the forex asset class, eur/chf ranked 24th the previous day in terms of percentage price change.