Forex Market Summary

FX Market Hourly Update

Price Action on the Daily Chart

(Last Updated September 20, 2020 19:30 GMT)Over the past hour,stands out asin the forex asset class on a percentage basis, rallying 3 pips (0.15%). Intraday trend traders may wish to note thathas the strongest trend on the hourly timeframe over the last 20 price bars. Last but not least, it’s worth noting thatmoving 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 ZAR was the outperformer for the day, changing by 0.45%. Alternatively, TRY changing by -0.72%, making it the worst performer of the bunch.



As for who is on a hot streak, USDTRY has experienced upwards move in 9 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.Pairs that crossed notable moving average levels include; they crossed their 20, 50, 50 and 50 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.





Lastly, instruments in the Forex asset class that are near their 200 day moving average are USDHKD, EURNZD and CADJPY.





Forex Market Insights from TradingView

Evening Traders, Second analysis – EURNZD- holding Daily S/R with bullish price action, local S/R retest probable, Point to consider,- Impulse sell – Daily S/R (support)- Oscillators diverging (Resistance)- Volume influx EURNZD has had an impulse sell into key Daily S/R that is currently holding support….A volume influx is probable at this HTF support, this will be indicative of price expansion deviating from Daily S/R….Price action is to be used upon discretion/ management of trade.

–eurnzd daily sr bullish divergence|.50 fibonacci|price action

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 0.11 for eurjpy, suggesting traders are quite bearish on the asset. And as for which forex pairs are getting the most insightful technical conversations, see. 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.