(Last Updated October 8, 2020 2:18 GMT)
At the moment, EURTRY’s rate is up 0.8 pips (0.09%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved down. Regarding the trend, note that the strongest trend exists on the 20 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)
The choppiness in the recent daily price action of EURTRY continues; to start today, it came in at a price of 9.2684, up 12 pips (1.35%) since the previous day. EURTRY outperformed all 40 assets in the Forex asset class the previous day. Congrats to its holders! The price chart of EURTRY below illustrates.
EURTRY Technical Analysis
Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving up. For additional context, note that price has gone up 18 out of the past 30 days.