(Last Updated October 12, 2020 2:18 GMT)
At the moment, EURTRY’s rate is down -0.21 pips (-0.02%) from the hour prior. This is a reversal of the price action on the previous hour, in which price moved up. As for the trend on the hourly timeframe, we see the clearest trend on the 20 hour timeframe. Price action traders may also wish to note that we see a pin bar candlestick pattern on EURTRY. Given that we see downtrend on the 20 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting. The moving averages on the hourly timeframe suggest a bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.
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 9.2922, down 5 pips (0.54%) since the day prior. Out of the 40 instruments in the Forex asset class, EURTRY ended up ranking 30th for the day in terms of price change. Here is a price chart of EURTRY.
EURTRY Technical Analysis
The clearest trend exists on the 90 day timeframe, which shows price moving up over that time. For additional context, note that price has gone up 18 out of the past 30 days.