Skip to content
  • Home
  • Forex News
    • EURUSD
    • GBPUSD
    • GBPJPY
    • USDTRY
  • Crypto
    • Bitcoin
    • Ethereum
    • Bitcoin Cash
    • Litecoin
  • Metals
    • Gold
    • Silver
    • Copper
    • Platinum
  • Energy
    • Crude Oil
    • Brent
    • Natural Gas
    • Gasoline
  • Equity Indices
    • Russell 2000
    • S&P 500
    • FTSE 100
    • Nikkei 225
  • Mega Cap US Stocks
  • Charts
  • About+
    • Contact
    • Contributors
    • Our Mission: Help Traders Make Better Decisions
    • Widgets for Crypto, Stock Indices, and More

Forex News

(Last Updated March 5, 2021 23:24 GMT)

FX Market Hourly Update

Over the past hour, USDZAR stands out as the biggest mover in the forex asset class on a percentage basis, rallying 2 pips (0.15%). The strongest trend on the hourly timeframe can be seen on EURUSD — it’s clearly been in a downtrend over the past 50 candles. Finally, intraday traders may wish to take note of the fact that AUDJPY just breached its 100 hour moving average.

Price Action on the Daily Chart

The pairs that made the biggest moves, on a percentage basis, over the past day were USDZAR, USDCHF, and CADCHF. The chart below illustrates. Note that NZDCAD 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. Of note is that USD was the outperformer for the day, changing by 0.68%. On the flip side, ZAR fared the worst, changing by -0.99%.


And in terms of interesting streaks, USDCHF, GBPCHF, USDTRY, EURCHF and EURTRY have experienced upwards move in 8, 8, 9, 8 and 8 of the prior ten trading days.


Forex Trend News

Over the past two weeks, the strongest trend has been on TRYJPY. Alternatively, on a 90 day basis, the strongest trend appears on GBPJPY. Interestingly, a countertrend appears on the 14 day relative to the 90 day timeframe appears for TRYJPY, EURTRY, USDTRY and CHFJPY. Trading against the 14 day trend in favor of the 90 day trend may be an opportunity some traders would favor on these pairs. Price action traders will also want to note that a base appears to be forming on USDCAD and GBPCAD. Price bases often precede increases in volatility and a clear trend.

Moving Averages in the Forex World

Below is a list of currency pairs that crossed key moving average levels over the past day.

Currency Pair Moving Average Period Crossed
USDTRY 200
GBPNZD 200
USDZAR 100
USDSEK 100
CHFJPY 100
USDNOK 50
AUDCAD 50
AUDUSD 50
NZDUSD 50
EURNOK 20
EURNZD 20
USDCAD 20
GBPCAD 20
GBPUSD 20

From the perspective of the alignment of moving averages — meaning where moving averages are ordered by their duration — we see that USDZAR has perhaps the strongest trend. See the chart below.



Lastly, instruments in the Forex asset class that are near their 200 day moving average are USDMXN, USDTRY, GBPNZD, GBPAUD, AUDNZD and USDHKD.


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.

NZD/USD Down 9 Pips Over Past Hour, Underperforms All Forex; Moves Down For the 2nd Day In A Row

Categories Forex News Tags NZDUSD
March 5, 2021

The clearest trend exists on the 90 day timeframe, which shows price moving up over that time.

NZD/JPY Down 11 Pips in Last Hour; Pin Bar Pattern Appearing on Chart

Categories Forex News Tags NZDJPY
March 5, 2021

For additional context, note that price has gone up 19 out of the past 30 days.

NZD/CHF Down 4 Pips in Last Hour, in an Uptrend Over Past 14 Days; Doji and Pin Bar Patterns Appearing on Chart

Categories Forex News Tags NZDCHF
March 5, 2021

Regarding the trend, note that the strongest trend exists on the 100 hour timeframe.

NZD/CAD Down 1 Pips in Last Hour, Makes Big Move Relative to Past Two Months; Nears 100 Day Moving Average

Categories Forex News Tags NZDCAD
March 5, 2021

Price action traders may also wish to note that we see a pin bar candlestick pattern on nzdcad.

GBP/USD Up 2 Pips in Last Hour, Moves Down For the 2nd Straight Day; Crosses 20 Day Moving Average

Categories Forex News Tags GBPUSD
March 5, 2021

Regarding the trend, note that the strongest trend exists on the 20 hour timeframe.

GBP/NZD Up 26 Pips Over Past Hour, Moves Up For the 2nd Straight Day; Breaks Above 200 Day Average

Categories Forex News Tags GBPNZD
March 5, 2021

The closest is the 200 day average, which is 30.2 pips away.

GBP/JPY Down 3 Pips in Last Hour, Makes Big Move Relative to Two Week Trend; in an Uptrend Over Past 30 Days

Categories Forex News Tags GBPJPY
March 5, 2021

Relative to other instruments in the forex asset class, gbpjpy ranked 11th the previous day in terms of percentage price change.

GBP/CHF Up 7 Pips Over Past Hour, Moves Up For the 4th Straight Day; in an Uptrend Over Past 30 Days

Categories Forex News Tags GBPCHF
March 5, 2021

If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 20 hour timeframe.

GBP/CAD Up 16 Pips Over Past Hour, 2 Day Up Streak Ended; Crosses 20 Day Moving Average

Categories Forex News Tags GBPCAD
March 5, 2021

This move is a reversal from the hour prior, which saw price move down.

GBP/AUD Up 5 Pips Over Past Hour, Moves Up For the 2nd Consecutive Day; Eyes 100 and 200 Day Averages

Categories Forex News Tags GBPAUD
March 5, 2021

The clearest trend exists on the 90 day timeframe, which shows price moving down over that time.

Post navigation
Older posts
1 2 … 1,071 Next →
+ More
© 2021 CFDTrading

747 Third Avenue
New York, NY 10017 USA

Brokers and Publishers: Advertise | Widgets

Follow on social media: Facebook | Twitter | LinkedIn

Scroll back to top