(Last Updated January 13, 2021 2:20 GMT)
At the moment, EURTRY’s rate is up 1.77 pips (0.19%) from the hour prior. The hourly chart shows that EURTRY has seen 2 straight up hours. Regarding the trend, note that the strongest trend exists on the 50 hour timeframe. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 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 is up 2 pips (0.18%) since the day prior (opening today near 9.09013), marking the 3rd consecutive day it has gone up. Out of the 40 instruments in the Forex asset class, EURTRY ended up ranking 15th for the day in terms of price change. Below is a price chart of EURTRY.
EURTRY Technical Analysis
Coming into today EURTRY is now close to its 20 and 100 day averages, located at 9.2028 and 9.2047 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 20 day average, which is 1127.1 pips away. Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving down. Or to simplify this another way, note that out of the past 14 days EURTRY’s price has gone up 7 them. Also, candlestick traders! Note we see doji and pin bar patterns appearing here as well.