(Last Updated June 2, 2021 2:20 GMT)
At the moment, EURTRY’s rate is down -0.27 pips (-0.03%) from the hour prior. This move is a reversal from the hour prior, which saw price move 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 an uptrend on the 20 and 10 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 back and forth price flow continues for EURTRY, which started today off at 10.420796665, up 5 pips 0.43% from the previous day. Out of the 39 instruments in the Forex asset class, EURTRY ended up ranking 3rd for the day in terms of price change. Let’s take a look at price chart of EURTRY.
EURTRY Technical Analysis
Coming into today EURTRY is now close to its 20 day averages, located at 10.2592 respectively, and thus may be at a key juncture along those timeframes. 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. Or to simplify this another way, note that out of the past 14 days EURTRY’s price has gone up 10 them.