EURTRY Up 1 Pips On Hourly Chart, Moves Up For the 2nd Day In A Row; in an Uptrend Over Past 30 Days

Hourly Update

(Last Updated November 5, 2021 23:25 GMT)

At the time of this writing, EURTRY’s rate is up 1 pips (0.09%) from the hour prior. This move is a reversal from the hour prior, which saw price move 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 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 7 pips (0.66%) since the day prior (opening today near 11.18254286), marking the 2nd day in a row an upward move has occurred. Relative to other instruments in the Forex asset class, EURTRY ranked 3rd the day prior in terms of percentage price change. Let’s take a look at price chart of EURTRY.

EURTRY

EURTRY Technical Analysis

Notably, 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. 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 30 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 17 them.