(Last Updated October 16, 2020 3:18 GMT)
At the moment, EURTRY’s rate is down -0.23 pips (-0.02%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved up. As for the trend on the hourly timeframe, we see the clearest trend on the 50 hour timeframe. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.
EURTRY End of Day Recap
Updated 00:30 GMT (04:30 EST)
EURTRY is down 0 pips (0.02%) since yesterday (opening today near 9.2865), marking the 3rd consecutive day it has gone down. Out of the 40 instruments in the Forex asset class, EURTRY ended up ranking 19th for the day in terms of price change. Here is a price chart of EURTRY.
EURTRY Technical Analysis
The first thing we should note is that the current price of EURTRY is sitting close to its 20 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. The clearest trend exists on the 90 day timeframe, which shows price moving up over that time. For additional context, note that price has gone up 8 out of the past 14 days. Oh, and one last thing: if you trade off of candlesticks, note that we’re seeing pin bar pattern appearing here.