EURTRY Up 1 Pips Over Past Hour, in an Uptrend Over Past 90 Days; Pin Bar Pattern Appearing on Chart

Hourly Update

(Last Updated May 3, 2021 2:19 GMT)

At the time of this writing, EURTRY’s rate is up 0.83 pips (0.08%) from the hour prior. It’s been a feast for bulls operating on an hourly timeframe, as EURTRY has now gone up 5 of the past 5 hours. If you’re a trader with a preference for rangebound markets, you may wish to note that there isn’t a clear trend on the 20, 50 and 100 hour timeframes. 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)

The choppiness in the recent daily price action of EURTRY continues; to start today, it came in at a price of 9.952385614, up 1 pips (0.08%) since yesterday. Out of the 39 instruments in the Forex asset class, EURTRY ended up ranking 16th for the day in terms of price change. Let’s take a look at price chart of EURTRY.

EURTRY

EURTRY Technical Analysis

Coming into today EURTRY is now close to its 20 day moving averages, which may act as price barrier for the asset. 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 1156.4 pips away. The clearest trend exists on the 90 day timeframe, which shows price moving up over that time. Or to simplify this another way, note that out of the past 30 days EURTRY’s price has gone up 20 them. Also, candlestick traders! Note we see pin bar pattern appearing here as well.