(Last Updated October 9, 2020 2:18 GMT)
Currently, EURTRY’s rate is down -0.27 pips (-0.03%) 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 bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.
EURTRY End of Day Recap
Updated 00:30 GMT (04:30 EST)
EURTRY is up 7 pips (0.8%) since yesterday (opening today near 9.3427), marking the 2nd consecutive day an upward move has occurred. For context, observe that yesterday was noteworthy in the sense that EURTRY bested all 40 of the assets in the Forex class. The price chart of EURTRY below illustrates.
EURTRY Technical Analysis
Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving up. For additional context, note that price has gone up 19 out of the past 30 days.