USD/MXN Down 640 Pips On 4 Hour Chart, Underperforms All Forex; Came Into Today Down For the 5th Day In A Row
Or to simplify this another way, note that out of the past 30 days usd/mxn’s price has gone up 17 them.
Forex News
Forex Market Summary
(Last Updated April, 8, 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: USDTRY
Forex Pairs Close to Their 20 Day Moving Average: USDHKD, CHFJPY and EURCHF
Unusually Large Price Move in Past Day: NZDCAD (8 pips), NZDCHF (0 pips), USDCNH (-411 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.
USD/NOK Up 1073 Pips Over Past 4 Hours, in an Uptrend Over Past 90 Days; Pin Bar Pattern Appearing on Chart
Compared to its peers in the forex, usd/nok gave its buyers a return that ranked 36th in terms of percentage change since yesterday.
USD/CAD Up 27 Pips On 4 Hour Chart; in an Uptrend Over Past 90 Days
Compared to its peers in the forex, usd/cad gave its buyers a return that ranked 38th in terms of percentage change since the previous day.
EUR/NOK Up 993 Pips in Last 4 Hours, Moves Down For the 5th Day In A Row; 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.
EUR/CAD Up 7 Pips in Last 4 Hours, Came Into Today Down For the 2nd Day In A Row; in a Downtrend Over Past 14 Days
It should be noted, though, that a trend in the opposite direction, going up, exists on the 90 day timeframe.
EUR/GBP Down 20 Pips Over Past 4 Hours, Eyes 50 Day Average; 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/AUD Up 7 Pips Over Past 4 Hours, Moves Down For the 5th Day In A Row; in a Downtrend Over Past 14 Days
For additional context, note that price has gone down 10 out of the past 14 days.
USD/HKD Down 6 Pips in Last 4 Hours, Came Into Today Down For NA NA; Pin Bar Pattern Appearing on Chart
As for the rationale, technical traders seem to be citing the appearance of a channel technical pattern.
EUR/CHF Down 1 Pips Over Past 4 Hours, in a Downtrend Over Past 14 Days; is Inching Close to 20 and 50 Day Averages
As for the rationale, technical traders seem to be citing the appearance of a gartley technical pattern.
EUR/NZD Up 60 Pips in Last 4 Hours, Entered Today Down For the 2nd Day In A Row; Pin Bar Pattern Appearing on Chart
Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving up.