EUR/TRY Up 82 Pips in Last 4 Hours, in an Uptrend Over Past 90 Days; Pin Bar Pattern Appearing on Chart

EUR/TRY 4 Hour Price Update

Updated May 20, 2020 05:05 PM GMT (01:05 PM EST)

EUR/TRY is up 82 pips (0.11%) since the last 4 hour candle (opening the current 4 hour candle near 7.4581), marking the 5th candle in a row an increase has occurred. Out of the 37 instruments in the Forex asset class, EUR/TRY ended up ranking 13th for the four-hour candle in terms of price change.

EUR/TRY End of Day Recap

Updated 00:30 GMT (04:30 EST)

The back and forth price flow continues for EUR/TRY, which started today off at 7.411320636, up 169 pips 0.23% from yesterday. Compared to its peers in the Forex, EUR/TRY gave its buyers a return that ranked 9th in terms of percentage change since yesterday. Here is a price chart of EUR/TRY.

EUR/TRY Technical Analysis

Notably, EUR/TRY is now close to its 20 and 50 day averages, located at 7.5895 and 7.4477 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 90 day horizon; over that time period, price has been moving up. It should be noted, though, that a trend in the opposite direction, going down, exists on the 14 day timeframe. For additional context, note that price has gone down 17 out of the past 30 days. And for candlestick traders, a special treat: there is a pin bar pattern showing up on the charts as well. Rejoice!

The View From Around the Web

Not much in terms quality buy/sell signals we’re seeing for EURTRY; just 0 sell signals and 1 buy signals. This imputes a buy/sell ratio that’s infinite! But, let’s not get carried away with that idea just yet. 🙂 Here’s a piece we found on tradingview.com; below is a short snippet from it to give you a taste.

Price seems rejecting the trend, Entered in too early. Bias about this pair