(Last Updated June 3, 2021 4:20 GMT)
At the moment, EURTRY’s rate is down -0.19 pips (-0.02%) from the hour prior. This is the 2nd consecutive hour EURTRY has seen its price head down. As for the trend on the hourly timeframe, we see the clearest trend 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 6 pips (0.55%) since the day prior (opening today near 10.478410514), marking the 2nd straight day it has gone up. Relative to other instruments in the Forex asset class, EURTRY ranked 3rd the day prior in terms of percentage price change. The price chart of EURTRY below illustrates.
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. Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving up. Or to simplify this another way, note that out of the past 10 days EURTRY’s price has gone up 7 them. Also, candlestick traders! Note we see pin bar pattern appearing here as well.