NZD/USD Fares the Worst Out of Forex, 2 Day Up Streak Snapped; in a Downtrend Over Past 30 Days
As for the rationale, technical traders seem to be citing the appearance of channel and divergence technical patterns.
Forex News
Top 40 forex pairs, analyzed daily in the early hours of the Asian session (approximately 1 AM GMT).
NZD/CAD 2 Day Up Streak Ended; in a Downtrend Over Past 30 Days
The closest is the 100 day average, which is 66 pips away.
NZD/JPY Down 55 Pips, Crosses 100 and 200 Day Moving Averages; 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.
NZD/CHF Down 34 Pips; is Inching Close to 20 Day Average
Relative to other instruments in the forex asset class, nzd/chf ranked 37th yesterday in terms of percentage price change.
EUR/JPY Down 48 Pips; in a Downtrend Over Past 30 Days
The price move occurred on volume — and we’re using the number of tick price changes as a proxy for volume — that was up 90.24% from the day prior, but down 13.79% from the same day the week before.
AUD/JPY Down 31 Pips; Eyes 20 Day Average
The closest is the 20 day average, which is 30.6 pips away.
AUD/USD Down 28 Pips; in a Downtrend Over Past 30 Days
Relative to other instruments in the forex asset class, aud/usd ranked 34th yesterday in terms of percentage price change.
EUR/USD Down 43 Pips; in a Downtrend Over Past 30 Days
The closest is the 20 day average, which is 176.9 pips away.
TRY/JPY Down 6 Pips; in a Downtrend Over Past 90 Days
Relative to other instruments in the forex asset class, try/jpy ranked 31st yesterday in terms of percentage price change.
EUR/GBP 3 Day Down Streak Ended; in a Downtrend Over Past 14 Days
Volatility for eur/gbp has exploded over the past two weeks relative to the past 30 days, which technical traders will want to note.