EURTRY Up 1 Pips Over Past Hour, Moves Up For the 3rd Consecutive Day; in an Uptrend Over Past 90 Days

Hourly Update

(Last Updated October 27, 2020 2:17 GMT)

At the moment, EURTRY’s rate is up 0.83 pips (0.09%) from the hour prior. It’s been a feast for bulls operating on an hourly timeframe, as EURTRY has now gone up 4 of the past 5 hours. As for the trend on the hourly timeframe, we see the clearest trend on the 100 hour timeframe. Price action traders may also wish to note that we see a doji candlestick pattern on EURTRY. Given that we see an uptrend on the 20 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting. 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 9 pips (0.97%) since the previous day (opening today near 9.5358), marking the 3rd consecutive day an increase has occurred. Relative to other instruments in the Forex asset class, EURTRY ranked 2nd the previous day in terms of percentage price change. Let’s take a look at price chart of EURTRY.

EURTRY

EURTRY Technical Analysis

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 90 day timeframe, which shows price moving up over that time. For additional context, note that price has gone up 17 out of the past 30 days.