Forex Market Summary

FX Market Hourly Update

Price Action on the Daily Chart

(Last Updated September 21, 2020 10:24 GMT)In the preceding hour,has been anin the forex market, rising 11 pips (0.69%). Intraday trend traders may wish to note thathas the strongest trend on the hourly timeframe over the last 100 price bars. Last but not least, intraday traders may wish to take note of the fact thathour moving average.The pairs that made the, on a percentage basis, over the past day were. The chart below illustrates. Note thatmade an especially large and surprising move over the past day.



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 JPY was the outperformer for the day, moving by 0.52%. On the flip side, MXN fared the worst, moving by -1.26%.



As for who is on a hot streak, AUDCAD and USDTRY have experienced upwards move in 8 of the prior ten trading days.



Forex Trend News

Moving Averages in the Forex World

Over the past two weeks, theAlternatively, on a 90 day basis, the strongest trend appears on. Interestingly, aon the 14 day relative to the 90 day timeframe appears for. 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. Price bases often precede increases in volatility and a clear trend.For those who pay attention to moving averages,may be of particular interest. It crossed its 20 and 50 day moving averages. Outside of, other pairs that crossed notable moving average levels includeand; they crossed their 20, 20, 20, 50, 50, 50, 100 and 100 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. 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 USDHKD and EURNZD.





Forex Market Insights from TradingView

Sell near 1,1950 with a stop loss above 1,1990 and a take profit near 1,1840….GBPUSD Technical analysis**: Trend : 0 Trend power: 0 Overbought/Oversold : absent Preferable trade direction : sellSell near 1,2980 with a stop loss above 1,3010 and a take profit near 1,2840….Sell near 1,3050 with a stop loss above 1,3100 and a take profit near 1,2950.

–trading plan for eurusd, gbpusd, usdjpy for 21092020

On TradingView, a consensus may be building on. The CFDTrading TradingView Sentiment Indicator reports a buy/sell ratio (a measure of buyers to sellers) of 0.2 for nzdcad, implying traders are predominantly quite bearish in their outlook for the instrument. And as for which forex pairs are getting the most insightful technical conversations, check out. Here’s a remark from one currency trader that we thought was especially worth sharing:





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.