If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 20 hour timeframe.
If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 hour timeframe.
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.
For additional context, note that price has gone up 16 out of the past 30 days.
Volatility for euraud has been contracting over the past two weeks relative to volatility over the past month.
Relative to other instruments in the forex asset class, euraud ranked 21st yesterday in terms of percentage price change.
This is the 2nd straight hour euraud has seen its price head up.
Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving up.
Price action traders in particular will want to note that the 30 day period appears to show price forming a base; this could indicate that a support/resistance level is developing.
This is a reversal of the price action on the previous hour, in which price moved down.