EURTRY Down 2 Pips Over Past Hour; in an Uptrend Over Past 14 Days

Hourly Update

(Last Updated October 13, 2020 2:18 GMT)

At the time of this writing, EURTRY’s rate is down -2.4 pips (-0.26%) from the hour prior. This is the 2nd consecutive hour EURTRY has seen its price head down. Regarding the trend, note that the strongest trend exists on the 100 hour timeframe. Most noteworthy in the world of moving averages on the hourly chart is that the 20 hour moving average has been crossed, with price now being below it. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 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)

The back and forth price flow continues for EURTRY, which started today off at 9.3147, up 2 pips 0.24% from the day prior. Out of the 40 instruments in the Forex asset class, EURTRY ended up ranking 9th for the day in terms of price change. 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 10 days EURTRY’s price has gone up 7 them.