(Last Updated October 23, 2020 13:28 GMT)
Here’s a look at the main macroeconomic data coming out later today that may impact the forex market.
| Metric Name | Reference Period | Currency | Date | Time | Forecast | Outcome |
|---|---|---|---|---|---|---|
| United States Markit Services PMI Flash | Oct 2020 | US Dollar | 2020-10-23 | 13:45 GMT | 54.6 |
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 0.93%. On the flip side, TRY fared the worst, moving by -1.37%.
| Currency Pair | Moving Average Period Crossed |
|---|---|
| EURAUD | 200 |
| GBPCAD | 200 |
| USDNOK | 100 |
| GBPNZD | 50 |
| USDTRY | 20 |
| NZDJPY | 20 |
| EURNOK | 20 |
| EURJPY | 20 |
From the perspective of the alignment of moving averages — meaning where moving averages are ordered by their duration — we see that EURTRY has perhaps the strongest trend. See the chart below.
One other point on moving averages: instruments NZDCHF, USDHKD, EURCHF, AUDNZD, EURAUD, GBPCAD and EURNZD are close to their 200 day moving average.
* Signals are tested successfully for 3.5 years with a steady win rate year on year until now….- 2 or more points (> = 2), the entry conditions are met- The entry point for the highest winning rate: when the price adjusts to the Upper / Lower line, the order price is at the closing price of the adjustment candle….———————————— Maximum risk / reward winning ratio: 1 / 1.05- Stoploss: Calculated from the entry point + – actual fluctuation with the formula ATR (20) * risk ratio (risk).
–eurusd – day trade by kelter channel 23 dec 2020
The price move occurred on volume — and we’re using the number of tick price changes as a proxy for volume — that was down 16.24% from the day prior, but up 15.24% from the same day the week before.
Volatility for try/jpy has exploded over the past two weeks relative to the past 30 days, which technical traders will want to note.
The price move occurred on volume — and we’re using the number of tick price changes as a proxy for volume — that was down 2.97% from the day prior, but up 6.74% from the same day the week before.
The closest is the 20 day average, which is 3.8 pips away.
Out of the 40 instruments in the forex asset class, gbp/nzd ended up ranking 37th for the day in terms of day-over-day price change.
Out of the 40 instruments in the forex asset class, eur/aud ended up ranking 38th for the day in terms of day-over-day price change.
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.
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.
This imputes a buy/sell ratio of 0, which is quite bearish.
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.