EUR/CHF Up 24 Pips On 4 Hour Chart, Entered Today Up For the 3rd Day In A Row; Nears 50 and 200 Day Moving Averages
This imputes a buy/sell ratio of 9, which is very bullish.
Forex News
(Last Updated April 14, 2021 12:24 GMT)
Today’s Main Forex Events
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 Import Prices MoM | Mar 2021 | US Dollar | 2021-04-14 | 12:30 GMT | 1% |
FX Market Hourly Update
In the preceding hour, CHFJPY has has made the biggest move in the forex asset class, dropping -24 pips (-0.2%). Intraday trend traders may wish to note that NZDCAD has the strongest trend on the hourly timeframe over the last 20 price bars. Last but not least, intraday traders may wish to take note of the fact that GBPJPY just breached its 20 hour moving average.Price Action on the Daily Chart
The pairs that made the biggest moves, on a percentage basis, over the past day were USDSEK, EURSEK, and NZDUSD. The chart below illustrates. None of the moves in the past day were especially noteworthy in terms of their size relative to their volatility over the past 30 days.
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, moving by 0.57%. On the flip side, USD fared the worst, moving by -0.25%.
Forex Trend News
Over the past two weeks, the strongest trend has been on EURAUD. Alternatively, on a 90 day basis, the strongest trend appears on GBPJPY. Interestingly, a countertrend appears on the 14 day relative to the 90 day timeframe appears for EURAUD, EURGBP, EURUSD, USDCHF, AUDCHF, AUDNZD, GBPCHF, GBPNZD, CADCHF, EURCAD, USDSEK, GBPJPY, USDJPY, EURCHF, GBPAUD and NZDCHF. Trading against the 14 day trend in favor of the 90 day trend may be an opportunity some traders would favor on these pairs. Price action traders will also want to note that a base appears to be forming on EURNOK, TRYJPY and CADJPY. Price bases often precede increases in volatility and a clear trend.Moving Averages in the Forex World
For those who pay attention to moving averages, EURUSD may be of particular interest. It crossed its 50 and 200 day moving averages. Below is a list of currency pairs that crossed key moving average levels over the past day.| Currency Pair | Moving Average Period Crossed |
|---|---|
| GBPAUD | 200 |
| GBPJPY | 50 |
| NZDUSD | 20 |
| NZDCAD | 20 |
| AUDUSD | 20 |
| USDCAD | 20 |
| EURSEK | 20 |
From the perspective of the alignment of moving averages — meaning where moving averages are ordered by their duration — we see that ZARJPY has perhaps the strongest trend. See the chart below.
One other point on moving averages: instruments in the Forex asset class that are near their 200 day moving average are EURUSD, AUDCAD, USDHKD, GBPCAD and GBPAUD.
Forex Market Insights from TradingView
On TradingView, a consensus may be building on CADCHF. Our TradingView Sentiment Indicator notches a buy/sell ratio of 0.18, implying traders are predominantly quite bearish in their outlook for the instrument. And regarding the forex pairs getting the most technical talk on TradingView, USDCHF may be one to watch. Here’s one comment we thought was especially interesting:USDCHF Long.
–USDCHF Long.
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.GBP/NZD Down 59 Pips On 4 Hour Chart, in a Downtrend Over Past 30 Days; Pin Bar Pattern Appearing on Chart
Volatility for gbp/nzd has been contracting over the past two weeks relative to volatility over the past month.
EUR/NZD Down 5 Pips Over Past 4 Hours, Came Into Today Down For the 3rd Day In A Row; Price Base in Formation Over Past 14 Days
Volatility for eur/nzd has been contracting over the past two weeks relative to volatility over the past month.
USD/CAD Down 7 Pips On 4 Hour Chart, Came Into Today Down For the 2nd Day In A Row; in a Downtrend Over Past 30 Days
Volatility for usd/cad has been contracting over the past two weeks relative to volatility over the past month.
GBP/AUD Down 66 Pips in Last 4 Hours, Entered Today Down For the 2nd Day In A Row; Pin Bar Pattern Appearing on Chart
This imputes a buy/sell ratio of 1.25, which is bullish.
EUR/AUD Down 17 Pips On 4 Hour Chart, Came Into Today Down For the 2nd Day In A Row; Eyes 20 Day Average
The closest is the 20 day average, which is 33.8 pips away.
USD/NOK Down 26 Pips On 4 Hour Chart, Moves Down For the 2nd Day In A Row; Breaks Below 200 Day Average
The closest is the 200 day average, which is 29.1 pips away.
EUR/NOK Up 34 Pips in Last 4 Hours, Moves Up For the 2nd Day In A Row; Pin Bar Pattern Appearing on Chart
The closest is the 50 day average, which is 883.8 pips away.
USD/TRY Up 25 Pips in Last 4 Hours, Came Into Today Down For the 2nd Day In A Row; in an Uptrend Over Past 14 Days
As a trader you should develop and test your own entry protocol.- we never trade just because the price reaches the trading zone.
USD/SEK Up 26 Pips Over Past 4 Hours; Pin Bar Pattern Appearing on Chart
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.