ZAR/JPY Down 8 Pips Over Past 4 Hours
Relative to other instruments in the forex asset class, zar/jpy ranked 8th yesterday in terms of percentage price change.
Forex News
Forex Market Summary
(Last Updated April, 1, 2020)Below are facts based on the latest technical news in the forex market to help you find trading opportunities:
Strongest 2 Week Trend in the Forex Market: GBPUSD
Forex Pairs Close to Their 20 Day Moving Average: EURCAD, NZDCHF and NZDUSD
Unusually Large Price Move in Past Day: GBPAUD (11 pips), EURSEK (17 pips), NZDCAD (-7 pips), NZDCHF (-6 pips)
See the stories below to drill down into specific currency pairs. Each story features a recap of price movement, a summary of the technicals going on in that given currency pair, and when appropriate, a link to an analysis from a trader on TradingView. For more market-related news, be sure to visit other forex market news sites like Forex Factory and Forex Live.
AUD/JPY Down 23 Pips On 4 Hour Chart, 3 Day Down Streak Broken; Pin Bar Pattern Appearing on Chart
It should be noted, though, that a trend in the opposite direction, going up, exists on the 14 day timeframe.
TRY/JPY Down 11 Pips On 4 Hour Chart; 3 Day Down Streak Broken
Relative to other instruments in the forex asset class, try/jpy ranked 13th yesterday in terms of percentage price change.
EUR/GBP Down 29 Pips Over Past 4 Hours, Came Into Today Down For the 4th Day In A Row; in a Downtrend Over Past 14 Days
This imputes a buy/sell ratio of 1.07, which is neutral.
NZD/JPY Down 11 Pips Over Past 4 Hours, 3 Day Down Streak Broken; in a Downtrend Over Past 30 Days
As for the rationale, technical traders seem to be citing the appearance of a fibonacci technical pattern.
EUR/CHF Down 20 Pips On 4 Hour Chart, Moves Down For the 2nd Day In A Row; Nears 20 and 50 Day Moving Averages
Compared to its peers in the forex, eur/chf gave its buyers a return that ranked 26th in terms of percentage change since the previous day.
EUR/USD Down 18 Pips in Last 4 Hours, Came Into Today Down For the 4th Day In A Row; Nears 20 and 50 Day Moving Averages
As for the rationale, technical traders seem to be citing the appearance of a channel technical pattern.
CAD/JPY Down 12 Pips in Last 4 Hours, in a Downtrend Over Past 90 Days; Price Base in Formation Over Past 14 Days
Also of note is that on a 14 day basis price appears to be forming a base — which could the stage for it being a support/resistance level going forward.
EUR/JPY Down 15 Pips in Last 4 Hours, Moves Down For the 4th Day In A Row; Price Base in Formation Over Past 14 and 30 Days
It should be noted, though, the 20 day simple moving average turned downwards, which may be a bearish sign.
USD/HKD Down 0 Pips Over Past 4 Hours, Eyes 20, 50 and 100 Day Averages; Doji and Pin Bar Patterns 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.