(Last Updated January 6, 2021 2:19 GMT)
At the moment, EURTRY’s rate is up 0.47 pips (0.05%) from the hour prior. This is the 3rd hour in a row EURTRY has seen its price head up. If you’re a trader with a preference for rangebound markets, you may wish to note that there isn’t a clear trend on the 20, 50 and 100 hour timeframes. 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 3 pips (0.28%) since the day prior (opening today near 9.08277), marking the 3rd straight day it has gone up. Compared to its peers in the Forex, EURTRY gave its buyers a return that ranked 8th in terms of percentage change since the day prior. Let’s take a look at price chart of EURTRY.
EURTRY Technical Analysis
The first thing we should note is that EURTRY is now close to its 100 day moving averages, which may act as price barrier for the asset. 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 1010.7 pips away. The clearest trend exists on the 14 day timeframe, which shows price moving down over that time. Interestingly, a trend in the other direction exists on the 90 day timeframe, where price is headed up. Or to simplify this another way, note that out of the past 14 days EURTRY’s price has gone down 8 them. And for candlestick traders, a special treat: there is a pin bar pattern showing up on the charts as well. Rejoice!