EUR/TRY Up 310 Pips Over Past 4 Hours, in an Uptrend Over Past 90 Days; Pin Bar Pattern Appearing on Chart

EUR/TRY 4 Hour Price Update

Updated May 19, 2020 05:15 PM GMT (01:15 PM EST)

The choppiness in the recent four-hour candle price action of EUR/TRY continues; to start the current 4 hour candle, it came in at a price of 7.4504, up 310 pips (0.42%) since the last 4 hour candle. Compared to its peers in the Forex, EUR/TRY gave its buyers a return that ranked 5th in terms of percentage change since the last 4 hour candle.

EUR/TRY End of Day Recap

Updated 00:30 GMT (04:30 EST)

EUR/TRY entered today at 7.5058678344, down 39 pips (0.05%) from yesterday. Out of the 40 instruments in the Forex asset class, EUR/TRY ended up ranking 37th for the day in terms of price change. The price chart of EUR/TRY below illustrates.

EUR/TRY Technical Analysis

Coming into today the current price of EUR/TRY is sitting close to its 20 and 50 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. 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. Interestingly, a trend in the other direction exists on the 14 day timeframe, where price is headed down. For additional context, note that price has gone down 17 out of the past 30 days. Oh, and one last thing: if you trade off of candlesticks, note that we’re seeing pin bar pattern appearing here.