Compared to its peers in the forex, aud/usd gave its buyers a return that ranked 9th in terms of percentage change since yesterday’s new york session.
This imputes a buy/sell ratio of 1.1, which is neutral.
The price move occurred on volume — and we’re using the number of tick price changes as a proxy for volume — that was down 6.84% from the day prior, but up 117.91% from the same day the week before.
This imputes a buy/sell ratio of 0.33, which is bearish.
Those trading within the forex asset class should know that usd/mxn was the worst performer in the class.
Compared to its peers in the forex, usd/cad gave its buyers a return that ranked 34th in terms of percentage change since yesterday.
For additional context, note that price has gone up 5 out of the past 10 days.
Relative to other instruments in the forex asset class, usd/nok ranked 39th the previous day in terms of percentage price change.
The closest is the 20 day average, which is 207.2 pips away.
And for candlestick traders, a special treat: there is a pin bar pattern showing up on the charts as well.