EUR/TRY Up 182 Pips On 4 Hour Chart, in an Uptrend Over Past 90 Days; Eyes 50 Day Average
This imputes a buy/sell ratio of 1, which is neutral.
Forex News
Forex Market Summary
(Last Updated May 28, 2020)The Latest News on Price
The pairs that made the biggest moves, on a percentage basis, over the past day were USDCNH, EURTRY, and ZARJPY. 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. We see that ZAR was the big outperformer, moving by 0.23%. On the flip side, CNH fared the worst, moving by -0.47%.
Forex Trend News
Over the past two weeks, the strongest trend has been on USDZAR. Alternatively, on a 90 day basis, the strongest trend appears on USDTRY. Interestingly, a countertrend appears on the 14 day relative to the 90 day timeframe appears for USDZAR, ZARJPY, USDMXN, EURJPY, TRYJPY, AUDNZD, USDTRY and USDHKD. Trading against the 14 day trend in favor of the 90 day trend may be an opportunity some traders would favor on these pairs.Moving Averages in the Forex World
Pairs that crossed notable moving average levels include CADJPY, EURAUD, CHFJPY and EURUSD; they crossed their 100, 200, 200 and 200 day moving averages, respectively. From the perspective of the alignment of moving averages — meaning where moving averages are ordered by their duration — we see that TRYJPY has perhaps the strongest trend. See the chart below.
Finally, instruments in the Forex asset class that are near their 200 day moving average are EURAUD, CHFJPY, EURUSD, NZDCAD, USDHKD and AUDUSD.
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.USD/JPY Up 4 Pips Over Past 4 Hours, Moves Up For the 2nd Day In A Row; is Inching Close to 20, 50 and 100 Day Averages
Or to simplify this another way, note that out of the past 14 days usd/jpy’s price has gone up 8 them.
CAD/JPY Up 5 Pips Over Past 4 Hours, 4 Day Up Streak Ended; Pin Bar Pattern Appearing on Chart
It should be noted, though, that a trend in the opposite direction, going down, exists on the 90 day timeframe.
NZD/CHF Up 4 Pips Over Past 4 Hours, 3 Day Up Streak Snapped; Pin Bar Pattern Appearing on Chart
The closest is the 100 day average, which is 60.3 pips away.
AUD/CHF Up 5 Pips Over Past 4 Hours, Came Into Today Down For the 2nd Day In A Row; Price Base in Formation Over Past 90 Days
Also of note is that on a 90 day basis price appears to be forming a base — which could the stage for it being a support/resistance level going forward.
CHF/JPY Up 9 Pips Over Past 4 Hours, Breaks Above 200 Day Average; in an Uptrend Over Past 14 Days
Compared to its peers in the forex, chf/jpy gave its buyers a return that ranked 6th in terms of percentage change since yesterday.
GBP/JPY Up 12 Pips Over Past 4 Hours; is Inching Close to 50 Day Average
The clearest trend exists on the 90 day timeframe, which shows price moving down over that time.
AUD/CAD Up 7 Pips Over Past 4 Hours, Makes Big Move Relative to Two Week Trend; Pin Bar Pattern Appearing on Chart
Or to simplify this another way, note that out of the past 30 days aud/cad’s price has gone up 16 them.
EUR/GBP Up 9 Pips Over Past 4 Hours, Entered Today Up For the 2nd Day In A Row; in an Uptrend Over Past 30 Days
The clearest trend exists on the 30 day timeframe, which shows price moving up over that time.
EUR/CHF Up 11 Pips On 4 Hour Chart, Came Into Today Up For the 3rd Day In A Row; in an Uptrend Over Past 14 Days
Compared to its peers in the forex, eur/chf gave its buyers a return that ranked 16th in terms of percentage change since the previous day.