EUR/TRY Up 0 Pips On Hourly Chart, Outperforms All Forex; 2 Day Down Streak Ended

Hourly Update

(Last Updated August 5, 2022 1:42 GMT)

Currently, EURTRY’s rate is up 0.41 pips (0.02%) from the hour prior. EURTRY has seen its price go up 4 out of the past 5 hours, thus creating some compelling opportunities for bulls. Regarding the trend, note that the strongest trend exists on the 50 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 choppiness in price, as the 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 entered today at 18.3956155269, up 17 pips (0.94%) from the day prior. For context, observe that the day prior was noteworthy in the sense that EURTRY bested all 39 of the assets in the Forex class. The price chart of EURTRY below illustrates.

EURTRY

EURTRY Technical Analysis

The clearest trend exists on the 90 day timeframe, which shows price moving up over that time. Or to simplify this another way, note that out of the past 14 days EURTRY’s price has gone up 9 them.