EUR/TRY Down 1 Pips in Last Hour, 3 Day Down Streak Snapped; in an Uptrend Over Past 30 Days

Hourly Update

(Last Updated November 23, 2022 2:23 GMT)

Currently, EURTRY’s rate is down -1.29 pips (-0.07%) from the hour prior. This move is a reversal from the hour prior, which saw price move up. 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 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, which opened today priced near 19.1863220952, is up 13 pips 0.67% since yesterday, marking a reversal from the day prior — and the end of a 3 day negative run. Compared to its peers in the Forex, EURTRY gave its buyers a return that ranked 3rd in terms of percentage change since yesterday. Let’s take a look at price chart of EURTRY.

EURTRY

EURTRY Technical Analysis

Notably, EURTRY is now close to its 20 day moving averages, which may act as price barrier for the asset. 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 14 days EURTRY’s price has gone up 8 them. Also, candlestick traders! Note we see pin bar pattern appearing here as well.