EURTRY Down 1 Pips On Hourly Chart, 2 Day Up Streak Snapped; in a Downtrend Over Past 14 Days

Hourly Update

(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

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.