EUR/TRY Down 4 Pips in Last Hour; in an Uptrend Over Past 30 Days

Hourly Update

(Last Updated June 17, 2022 1:40 GMT)

At the time of this writing, EURTRY’s rate is down -4.48 pips (-0.24%) from the hour prior. The hourly chart shows that EURTRY has seen 3 straight down hours. Regarding the trend, note that the strongest trend exists on the 20 hour timeframe. 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)

EURTRY entered today at 18.2516223888, up 21 pips (1.19%) from the day prior. Compared to its peers in the Forex, EURTRY gave its buyers a return that ranked 7th in terms of percentage change since the day prior. Let’s take a look at price chart of EURTRY.

EURTRY

EURTRY Technical Analysis

Volatility for EURTRY has been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving up. For additional context, note that price has gone up 7 out of the past 14 days.