CADJPY Up 1 Pips On Hourly Chart; 2 Day Up Streak Broken
Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving up.
(Last Updated January 22, 2021 22:24 GMT)
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 SEK was the outperformer for the day, changing by 0.59%. Alternatively, MXN changing by -0.76%, making it the worst performer of the bunch.
And in terms of interesting streaks, GBPNZD has experienced upwards move in 8 of the prior ten trading days.
Currency Pair | Moving Average Period Crossed |
---|---|
USDTRY | 200 |
NZDCAD | 50 |
EURUSD | 50 |
EURJPY | 50 |
GBPAUD | 20 |
CHFJPY | 20 |
EURSEK | 20 |
USDCHF | 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 USDHKD, EURCHF and AUDNZD are close to their 200 day moving average.
Up trend momentum so strong, good to buy.
–#EURAUD LONG – Uptrend
Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving up.
This imputes a buy/sell ratio of 1.33, which is bullish.
Regarding the trend, note that the strongest trend exists on the 20 hour timeframe.
And for candlestick traders, a special treat: there is a pin bar pattern showing up on the charts as well.
The closest is the 20 day average, which is 512.7 pips away.
It’s been a feast for bulls operating on an hourly timeframe, as usdsek has now gone up 4 of the past 5 hours.
Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving down.
Or to simplify this another way, note that out of the past 10 days usdjpy’s price has gone up 5 them.
Or to simplify this another way, note that out of the past 14 days usdmxn’s price has gone down 8 them.
Volatility for audusd has been contracting over the past two weeks relative to volatility over the past month.