AUD/USD Down 12 Pips On 4 Hour Chart, Underperforms All Forex; Came Into Today Down For the 2nd Day In A Row / 40 minutes ago
Forex Market Summary
(Last Updated June 25, 2020)
The Latest News on Price
The pairs that made the biggest moves, on a percentage basis, over the past day were USDZAR, USDCNH, and EURSEK. 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.
Forex Trend News
Over the past two weeks, the strongest trend has been on EURGBP. Alternatively, on a 90 day basis, the strongest trend appears on GBPAUD. Price action traders will also want to note that a base appears to be forming on EURAUD, EURCAD and AUDCAD. Price bases often precede increases in volatility and a clear trend.
Moving Averages in the Forex World
Pairs that crossed notable moving average levels include NZDCAD, EURSEK, EURNOK, GBPUSD, USDCNH and NZDJPY; they crossed their 20, 50, 50, 50, 100 and 200 day moving averages, respectively. 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.
Lastly, instruments in the Forex asset class that are near their 200 day moving average are USDCNH, EURCHF, USDHKD and NZDJPY.
Dezzy T.
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Cameroon Online School of Forex
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