EURTRY Down 0 Pips On Hourly Chart, Moves Up For the 4th Consecutive Day; in a Downtrend Over Past 30 Days

Hourly Update

(Last Updated September 6, 2021 23:18 GMT)

At the moment, EURTRY’s rate is down -0.03 pips (0%) from the hour prior. It’s been a feast for bears operating on an hourly timeframe, as EURTRY has now gone down 4 of the past 5 hours. Regarding the trend, note that the strongest trend exists on the 20 hour timeframe. The moving averages on the hourly timeframe suggest a choppiness in price, as the 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 (0.27%) since the day prior (opening today near 9.8909705118), marking the 4th consecutive day an increase has occurred. Compared to its peers in the Forex, EURTRY gave its buyers a return that ranked 10th in terms of percentage change since the day prior. Below is a price chart of EURTRY.

EURTRY

EURTRY Technical Analysis

Notably, the current price of EURTRY is sitting close to its 20, 50 and 200 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. 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 20 day average, which is 10.1 pips away. Volatility for EURTRY has been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. The clearest trend exists on the 90 day timeframe, which shows price moving down over that time. For additional context, note that price has gone up 19 out of the past 30 days.