USD/ZAR Underperforms All Forex, Down 542 Pips; But Still in an Uptrend Over Past 30 Days
The closest is the 20 day average, which is 1687.5 pips away.
Forex News
Top 40 forex pairs, analyzed daily in the early hours of the Asian session (approximately 1 AM GMT).
USD/MXN Heads Down For the 5th Day In A Row; in a Downtrend Over Past 90 Days
Relative to other instruments in the forex asset class, usd/mxn ranked 39th yesterday in terms of percentage price change.
TRY/JPY Down 6 Pips; in a Downtrend Over Past 30 Days
Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving down.
CHF/JPY Down 33 Pips, Crosses 50 Day Moving Average; in an Uptrend Over Past 90 Days
As for the rationale, technical traders seem to be citing the appearance of trendline and triangle technical patterns.
NZD/CAD Down 18 Pips, Breaks Below 100 Average; in a Downtrend Over Past 30 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.
EUR/CAD Down 30 Pips; in a Downtrend Over Past 14 Days
Out of the 40 instruments in the forex asset class, eur/cad ended up ranking 35th for the day in terms of day-over-day price change.
AUD/CAD Moves Down For the 2nd Day In A Row; Eyes 20 Day Average
This imputes a buy/sell ratio of 0.4, which is bearish.
EUR/NOK Heads Down For the 5th Day In A Row, in a Downtrend Over Past 14 Days; Nears 50 and 100 Day Moving Averages
The closest is the 50 day average, which is 113.4 pips away.
USD/CAD Down 19 Pips, in an Uptrend Over Past 30 Days; Price Base in Formation 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.
EUR/JPY Down 17 Pips, in a Downtrend Over Past 30 Days; Price Base in Formation Over Past 90 Days
The closest is the 20 day average, which is 153.4 pips away.