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.
It should be noted, though, the 20 day simple moving average turned upwards, which may be a bullish sign.
Relative to other instruments in the forex asset class, eursek ranked 14th yesterday in terms of percentage price change.
Price action traders may also wish to note that we see a doji candlestick pattern on eurnzd.
Price action traders may also wish to note that we see a pin bar candlestick pattern on eurnok.
Volatility for eurjpy has been contracting over the past two weeks relative to volatility over the past month.
Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving down.
Given that we see downtrend on the 20 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.
If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 hour timeframe.
Price action traders may also wish to note that we see a doji candlestick pattern on euraud.