(Last Updated November 19, 2020 2:19 GMT)
Currently, EURTRY’s rate is down -0.57 pips (-0.06%) from the hour prior. The hourly chart shows that EURTRY has seen 2 straight down hours. Regarding the trend, note that the strongest trend exists on the 100 hour timeframe. Of note is that the 50 hour changed directions on EURTRY; it is now pointing down. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 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 entered today at 9.1161, down 0 pips (0.03%) from the previous day. Relative to other instruments in the Forex asset class, EURTRY ranked 17th the previous day in terms of percentage price change. Let’s take a look at price chart of EURTRY.
EURTRY Technical Analysis
Coming into today EURTRY is now close to its 50 day averages, located at 9.2623 respectively, and thus may be at a key juncture along those timeframes. Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving down. It should be noted, though, that a trend in the opposite direction, going up, exists on the 90 day timeframe. Also of note is that on a 30 day basis price appears to be forming a base — which could the stage for it being a support/resistance level going forward. For additional context, note that price has gone up 9 out of the past 14 days. Oh, and one last thing: if you trade off of candlesticks, note that we’re seeing pin bar pattern appearing here.