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• Given that we see downtrend on the 10 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.
• The strongest trend on the hourly timeframe can be seen on EURNOK — it’s clearly been in a downtrend over the past 20 candles.
• Note that AUDUSD, NZDCHF and USDCHF made especially large and surprising moves over the past day.

Will overheating inflation push the BOE and BOC to act soon? https://www.sberometer.ru/forex-now.php Here’s why the upcoming CPI readings from the U.K.

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The chart below summarizes the price news by currency, showing which currency strengthened vs which weakened when equally averaged against https://br-stone.net/ other currencies. We see that JPY was the big outperformer, moving by 0.79%. On the flip side, TRY fared the worst, moving by -3.52%.

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Several days or even weeks before a news report comes out, there are analysts that will come up with some kind of forecast on what numbers will be released. Consumer and producer prices from the UK are due on Wednesday, headlining a light day for the European economic news.

It’s been a feast for bears operating on an hourly timeframe, as nzdchf has now gone down 4 of the past Forex 5 hours. Build your confidence and knowledge with a wealth of educational tools and online resources.