EUR/TRY Up 1 Pips Over Past Hour; Entered Today Up For the 4th Day In A Row

Hourly Update

(Last Updated September 13, 2022 1:41 GMT)

At the time of this writing, EURTRY’s rate is up 1.32 pips (0.07%) from the hour prior. This move is a reversal from the hour prior, which saw price move down. Regarding the trend, note that the strongest trend exists 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 14 pips (0.76%) since the previous day (opening today near 18.46086264), marking the 4th day in a row an upward move has occurred. Relative to other instruments in the Forex asset class, EURTRY ranked 8th the previous day in terms of percentage price change. Below is a price chart of EURTRY.

EURTRY

EURTRY Technical Analysis

Coming into today EURTRY is now close to its 20 and 50 day moving averages, which may act as price barrier for the asset. Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving up. For additional context, note that price has gone up 10 out of the past 14 days.

The View From Around the Web

Of note is that traders in aggregate have opinions on EURTRY, with 4 buy signals on our radar and 0 sell signals. Bulls may note that this suggests a buy/sell ratio that is infinite. But, let’s not get carried away with that idea just yet. 🙂 Here’s a piece we found on tradingview.com; below is a short snippet from it to give you a taste.

EURTRY $EURTRY Initial Long. This is a pure momentum signal just as are every other signal I post. ZERO other factors are considered in producing this signal.Entry reasons: EURTRY is showing momentum and confluence of mean reversion crossing up the 70 day price mean.Exits and SL: TP and SL on chart. Move SL on TP. After TP2, trail with 0.5xATR step and 1.5xATR offset.