(Last Updated September 30, 2021 2:18 GMT)
At the moment, EURTRY’s rate is up 0.28 pips (0.03%) from the hour prior. EURTRY has seen its price go up 4 out of the past 5 hours, thus creating some compelling opportunities for bulls. From a hourly perspective, the market looks fairly choppy; clear trends aren’t showing up on the 20, 50 and 100 hour timeframes. The moving averages on the hourly timeframe suggest a choppiness in price, as the 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)
The choppiness in the recent daily price action of EURTRY continues; to start today, it came in at a price of 10.3913790156, down 1 pips (0.14%) since the previous day. Relative to other instruments in the Forex asset class, EURTRY ranked 26th the previous day in terms of percentage price change. Here is a price chart of EURTRY.
EURTRY Technical Analysis
Notably, EURTRY is now close to its 100 day averages, located at 10.1396 respectively, and thus may be at a key juncture along those timeframes. As for the alignment of the moving averages, well, it’s a bit mixed up; the 20, 50, 100, and 200 do not progress from largest to smallest, or vice versa. The closest is the 100 day average, which is 2517.6 pips away. The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. Interestingly, a trend in the other direction exists on the 90 day timeframe, where price is headed down. Or to simplify this another way, note that out of the past 14 days EURTRY’s price has gone up 10 them.