EURTRY Down 1 Pips in Last Hour, Came Into Today Down For the 2nd Straight Day; in a Downtrend Over Past 14 Days

Hourly Update

(Last Updated January 7, 2021 2:19 GMT)

At the time of this writing, EURTRY’s rate is down -1.01 pips (-0.11%) from the hour prior. This move is a reversal from the hour prior, which saw price move up. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 50 hour timeframe. The moving averages on the hourly timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.

EURTRY End of Day Recap

Updated 00:30 GMT (04:30 EST)

EURTRY is down 7 pips (0.83%) since yesterday (opening today near 9.0042), marking the 2nd straight day it has gone down. Compared to its peers in the Forex, EURTRY gave its buyers a return that ranked 38th in terms of percentage change since yesterday. Below is a price chart of EURTRY.

EURTRY

EURTRY Technical Analysis

The first thing we should note is that EURTRY is now close to its 100 day averages, located at 9.19 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 100 day average, which is 1858.5 pips away. The clearest trend exists on the 14 day timeframe, which shows price moving down over that time. Or to simplify this another way, note that out of the past 30 days EURTRY’s price has gone down 18 them.