EUR/TRY Up 477 Pips On 4 Hour Chart, Underperforms All Forex; 9 Day Up Streak Broken

EUR/TRY 4 Hour Price Update

Updated July 30, 2020 09:06 PM GMT (05:06 PM EST)

EUR/TRY is up 477 pips (0.58%) since the last 4 hour candle (opening the current 4 hour candle near 8.2932), marking the 2nd candle in a row an upward move has occurred. Relative to other instruments in the Forex asset class, EUR/TRY ranked 2nd the last 4 hour candle in terms of percentage price change.

EUR/TRY End of Day Recap

Updated 00:30 GMT (04:30 EST)

A moment of silence, please, for the end of EUR/TRY’s 9 day up streak; price ended the previous day down 156 pips (-0.19%) to finish the day at a rate of 8.2182539964. It may be worth observing that EUR/TRY was the worst performer of the 40 members in the Forex asset class over the past day. Let’s take a look at price chart of EUR/TRY.


EUR/TRY Technical Analysis

The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. Or to simplify this another way, note that out of the past 30 days EUR/TRY’s price has gone up 19 them. Oh, and one last thing: if you trade off of candlesticks, note that we’re seeing pin bar pattern appearing here.