EURTRY Up 1 Pips in Last Hour, Came Into Today Up For the 2nd Consecutive Day; in an Uptrend Over Past 14 Days

Hourly Update

(Last Updated September 24, 2020 0:16 GMT)

At the moment, EURTRY’s rate is up 0.62 pips (0.07%) from the hour prior. The hourly chart shows that EURTRY has seen 2 straight up hours. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 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 1 pips (0.07%) since yesterday (opening today near 8.9735), marking the 2nd consecutive day an upward move has occurred. Compared to its peers in the Forex, EURTRY gave its buyers a return that ranked 12th in terms of percentage change since yesterday. Below is a price chart of EURTRY.

EURTRY

EURTRY Technical Analysis

Coming into today 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 14 day timeframe, which shows price moving up over that time. For additional context, note that price has gone up 6 out of the past 10 days. Oh, and one last thing: if you trade off of candlesticks, note that we’re seeing pin bar pattern appearing here.


Forex Frank is a forex analyst and market commentator with nearly two decades of experience in currency trading. Follow him on social media: Facebook | Twitter | Instagram