Relative to other instruments in the forex asset class, usdnok ranked 37th the day prior in terms of percentage price change.
The clearest trend exists on the 90 day timeframe, which shows price moving down over that time.
Price action traders may also wish to note that we see a pin bar candlestick pattern on usdjpy.
This is a reversal of the price action on the previous hour, in which price moved up.
It should be noted, though, that a trend in the opposite direction, going down, exists on the 90 day timeframe.
Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving up.
Compared to its peers in the forex, audjpy gave its buyers a return that ranked 3rd in terms of percentage change since yesterday.
If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 50 hour timeframe.
If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 hour timeframe.
This move is a reversal from the hour prior, which saw price move up.