EURTRY Up 1 Pips On Hourly Chart, Makes Big Move Relative to Two Week Trend; Came Into Today Up For the 3rd Straight Day

Hourly Update

(Last Updated November 12, 2021 5:18 GMT)

Currently, EURTRY’s rate is up 1.17 pips (0.1%) from the hour prior. EURTRY has seen its price go up 5 out of the past 5 hours, thus creating some compelling opportunities for bulls. As for the trend on the hourly timeframe, we see the clearest trend on the 50 hour timeframe. 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 is up 2 pips (0.2%) since the day prior (opening today near 11.321463025), marking the 3rd straight day it has gone up. Relative to other instruments in the Forex asset class, EURTRY ranked 13th the day prior in terms of percentage price change. Let’s take a look at price chart of EURTRY.

EURTRY

EURTRY Technical Analysis

Coming into today EURTRY is now close to its 20 day moving averages, which may act as price barrier for the asset. Volatility for EURTRY has been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. The clearest trend exists on the 30 day timeframe, which shows price moving up over that time. For additional context, note that price has gone up 7 out of the past 10 days. Oh, and one last thing: if you trade off of candlesticks, note that we’re seeing pin bar pattern appearing here.