Volatility for aud/jpy has exploded over the past two weeks relative to the past 30 days, which technical traders will want to note.
Out of the 40 instruments in the forex asset class, eur/cad ended up ranking 26th for the day in terms of day-over-day price change.
This move happened on fewer tick price changes which may be a proxy for volume, as yesterday’s total tick count was down 18.82% from the day before — and down 13.36% from the same day the week before.
Relative to other instruments in the forex asset class, usd/mxn ranked 20th yesterday in terms of percentage price change.
Relative to other instruments in the forex asset class, aud/cad ranked 21st yesterday in terms of percentage price change.
The price move occurred on stronger volume, as measured by the number of tick price changes; specifically, yesterday’s volume was up 43.77% from the day prior, and up 11.35% from the same day the week before.
The clearest trend exists on the 14 day timeframe, which shows price moving down over that time.
Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving up.
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.
The closest is the 20 day average, which is 35 pips away.