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 downwards, which may be a bearish sign.
Relative to other instruments in the forex asset class, cadchf ranked 32nd yesterday in terms of percentage price change.
Regarding the trend, note that the strongest trend exists on the 50 hour timeframe.
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 down.
If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 20 hour timeframe.
This move is a reversal from the hour prior, which saw price move up.
Compared to its peers in the forex, usdmxn gave its buyers a return that ranked 3rd in terms of percentage change since the previous day.
The closest is the 100 day average, which is 67.8 pips away.