EURTRY Down 0 Pips Over Past Hour, Entered Today Up For the 3rd Straight Day; Pin Bar Pattern Appearing on Chart

Hourly Update

(Last Updated February 11, 2021 1:24 GMT)

At the moment, EURTRY’s rate is down -0.07 pips (-0.01%) from the hour prior. The hourly chart shows that EURTRY has seen 2 straight down hours. As for the trend on the hourly timeframe, we see the clearest trend on the 100 hour timeframe. Price action traders may also wish to note that we see a pin bar candlestick pattern on EURTRY. Given that we see an uptrend on the 10 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting. 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 4 pips (0.42%) since yesterday (opening today near 8.552793837), marking the 3rd straight day it has gone up. Compared to its peers in the Forex, EURTRY gave its buyers a return that ranked 4th in terms of percentage change since yesterday. Below is a price chart of EURTRY.

EURTRY

EURTRY Technical Analysis

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 200 day average, which is 2221.3 pips away. Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving down. Or to simplify this another way, note that out of the past 10 days EURTRY’s price has gone down 7 them. Also, candlestick traders! Note we see pin bar pattern appearing here as well.