Dow Jones (INDU) Up 2.24%
For another vantage point, consider that dow jones’s price has gone down 19 of the previous 30 trading days.
Forex News
Forex Market Summary
(Last Updated April, 2, 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: EURCHF, NZDUSD and USDHKD
Unusually Large Price Move in Past Day: EURSEK (546 pips), NZDCAD (7 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.
S&P 500 (SPX) Tops All Global Equity Indices, 2 Day Down Streak Snapped; But Still in a Downtrend Over Past 30 Days
This signals ibd’s market outlook to shift to confirmed uptrend.
NIFTY 50 (NIFTY) Underperforms All Global Equity Indices, Down 4%; in a Downtrend Over Past 30 Days
On a relative basis, nifty 50 was the worst performer out of all 8 of the assets in the global equity indices asset class today.
FTSE 100 (UKX) Up 0.47%; in a Downtrend Over Past 30 Days
It should be noted, though, that a trend in the opposite direction, going up, exists on the 14 day timeframe.
Hang Seng (HSI) Up 0.84%, in a Downtrend Over Past 30 Days; Bullish Engulfing Pattern in Play
Out of the 8 instruments in the global equity indices asset class, hang seng ended up ranking 3rd for the day in terms of price change relative to the day prior.
CAC 40 (CAC) Mostly Flat, Closes Yesterday Up 0.12%; in a Downtrend Over Past 30 Days
Interestingly, a trend in the other direction exists on the 14 day timeframe, where price is headed up.
USD/TRY Down 430 Pips in Last 4 Hours, Outperforms All Forex; in an Uptrend Over Past 30 Days
For context, observe that the day prior was noteworthy in the sense that usd/try bested all 40 of the assets in the forex class.
ZAR/JPY Up 8 Pips Over Past 4 Hours, 2 Day Down Streak Broken; Pin Bar Pattern Appearing on Chart
Relative to other instruments in the forex asset class, zar/jpy ranked 19th the previous day in terms of percentage price change.
TRY/JPY Up 21 Pips in Last 4 Hours
Relative to other instruments in the forex asset class, try/jpy ranked 39th the previous day in terms of percentage price change.
USD/CNH Down 225 Pips On 4 Hour Chart, Fares the Worst Out of Forex; Nears 20 Day Moving Average
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.