EUR/TRY Down 27 Pips in Last 4 Hours, Underperforms All Forex; Makes Big Move Relative to Two Week Trend
And for candlestick traders, a special treat: there is a pin bar pattern showing up on the charts as well.
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(Last Updated July 3, 2020)The Latest News on Price
The pairs that made the biggest moves, on a percentage basis, over the past day were USDZAR, TRYJPY, and GBPAUD. The chart below illustrates. Note that USDHKD made an especially large and surprising move over the past day.
The chart below summarizes the price news by currency, showing which currency strengthened vs which weakened when equally averaged against other currencies. We see that TRY was the big outperformer, moving by 0.09%. Alternatively, ZAR moving by -0.1%, making it the worst performer of the bunch.
As for who is on a hot streak, AUDUSD has experienced upwards move in 8 of the prior ten trading days.
Forex Trend News
Over the past two weeks, the strongest trend has been on CHFJPY. Alternatively, on a 90 day basis, the strongest trend appears on GBPAUD. Price action traders will also want to note that a base appears to be forming on USDCAD, USDTRY, EURGBP and EURNOK. Price bases often precede increases in volatility and a clear trend.Moving Averages in the Forex World
Pairs that crossed notable moving average levels include GBPUSD and USDTRY; they crossed their 20 and 50 day moving averages, respectively. From the perspective of the alignment of moving averages — meaning where moving averages are ordered by their duration — we see that TRYJPY has perhaps the strongest trend. See the chart below.
Finally, instruments NZDCHF, USDCNH, USDCAD and USDHKD are close to their 200 day moving average.
Looking for More Forex News?
For more forex news beyond what is offered on CFDTrading, check out Forex Factory, FX Empire, and ForexLive. For the latest stories on specific currency pairs, try the articles below.EUR/USD Down 11 Pips On 4 Hour Chart, Price Base in Formation Over Past 30 Days; Eyes 20 Day Average
Also of note is that on a 30 day basis price appears to be forming a base — which could the stage for it being a support/resistance level going forward.
USD/SEK Up 59 Pips Over Past 4 Hours, is Inching Close to 20 Day Average; Pin Bar Pattern Appearing on Chart
Or to simplify this another way, note that out of the past 14 days usd/sek’s price has gone up 9 them.
EUR/SEK Up 15 Pips Over Past 4 Hours, Eyes 20 and 50 Day Averages; Pin Bar Pattern Appearing on Chart
Relative to other instruments in the forex asset class, eur/sek ranked 9th yesterday in terms of percentage price change.
EUR/CHF Down 12 Pips On 4 Hour Chart, Eyes 20, 50 and 100 Day Averages; Pin Bar Pattern Appearing on Chart
This imputes a buy/sell ratio of 1.2, which is neutral.
GBP/NZD Down 4 Pips Over Past 4 Hours, in a Downtrend Over Past 14 Days; Pin Bar Pattern Appearing on Chart
Or to simplify this another way, note that out of the past 14 days gbp/nzd’s price has gone up 7 them.
EUR/CAD Down 1 Pips in Last 4 Hours, Eyes 20, 50 and 100 Day Averages; Pin Bar Pattern Appearing on Chart
Compared to its peers in the forex, eur/cad gave its buyers a return that ranked 29th in terms of percentage change since the previous day.
EUR/NOK Down 145 Pips in Last 4 Hours, Price Base in Formation Over Past 14 Days; Pin Bar Pattern Appearing on Chart
Relative to other instruments in the forex asset class, eur/nok ranked 39th yesterday in terms of percentage price change.
USD/NOK Down 38 Pips in Last 4 Hours; Pin Bar Pattern Appearing on Chart
It should be noted, though, the 100 day simple moving average turned downwards, which may be a bearish sign.
EUR/NZD Down 8 Pips On 4 Hour Chart, 3 Day Down Streak Snapped; in a Downtrend Over Past 90 Days
We also have a very low rsi and there is also a divergence happening once we look at the hourly chart….