(Last Updated January 5, 2021 2:20 GMT)
Currently, EURTRY’s rate is up 0.24 pips (0.03%) from the hour prior. The hourly chart shows that EURTRY has seen 2 straight up hours. As for the trend on the hourly timeframe, we see the clearest trend on the 50 hour timeframe. Of note is that the 20 hour changed directions on EURTRY; it is now pointing up. 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 up 3 pips (0.28%) since the day prior (opening today near 9.08277), marking the 3rd day in a row an upward move has occurred. Out of the 40 instruments in the Forex asset class, EURTRY ended up ranking 8th for the day in terms of price change. Here is a price chart of EURTRY.
EURTRY Technical Analysis
Coming into today EURTRY is now close to its 100 day averages, located at 9.1838 respectively, and thus may be at a key juncture along those timeframes. As for the alignment of the moving averages, well, it’s a bit mixed up; the 20, 50, 100, and 200 do not progress from largest to smallest, or vice versa. The closest is the 100 day average, which is 1010.7 pips away. The clearest trend exists on the 14 day timeframe, which shows price moving down over that time. Interestingly, a trend in the other direction exists on the 90 day timeframe, where price is headed up. For additional context, note that price has gone down 16 out of the past 30 days. Oh, and one last thing: if you trade off of candlesticks, note that we’re seeing pin bar pattern appearing here.