January 18, 2022 21:52 GMT
Over the past 91 days, EURUSD’s price has been in a clear downtrend, falling by about $0.00 per day.
Over the past 135 days, EURUSD’s price has been in a clear downtrend, falling by about $0.00 per day.
EURUSD’s price has moved down $0.08 over the prior 33 weeks.
EURUSD has a price of $1.1326, down 0.4% from its value 18 days prior.
+ Strongest correlations over previous 29 days within its asset class: GBPUSD, ZARJPY, and USDZAR
+ Weakest correlation over previous 29 days within its asset class: AUDCHF
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 is the 2nd consecutive hour eurusd has seen its price head down.
For additional context, note that price has gone up 5 out of the past 10 days.
If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 20 hour timeframe.
Given that we see downtrend on the 20 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.
Or to simplify this another way, note that out of the past 14 days eurusd’s price has gone up 8 them.
For additional context, note that price has gone up 7 out of the past 10 days.
Price action traders may also wish to note that we see a doji candlestick pattern on eurusd.
Regarding the trend, note that the strongest trend exists on the 100 hour timeframe.