EUR/TRY Down 319 Pips On 4 Hour Chart, Crosses 50 Day Moving Average; in an Uptrend Over Past 90 Days

EUR/TRY 4 Hour Price Update

Updated May 21, 2020 05:10 PM GMT (01:10 PM EST)

EUR/TRY entered the current 4 hour candle at 7.446, down 319 pips (0.43%) from the previous 4 hours. Relative to other instruments in the Forex asset class, EUR/TRY ranked 35th the previous 4 hours in terms of percentage price change.

EUR/TRY End of Day Recap

Updated 00:30 GMT (04:30 EST)

EUR/TRY entered today at 7.440753754, down 117 pips (0.16%) from the day prior. Relative to other instruments in the Forex asset class, EUR/TRY ranked 38th the day prior in terms of percentage price change. Let’s take a look at price chart of EUR/TRY.

EUR/TRY Technical Analysis

First things first: EUR/TRY crossed below its 50 day moving average yesterday. The clearest trend exists on the 90 day timeframe, which shows price moving up over that time. It should be noted, though, that a trend in the opposite direction, going down, exists on the 14 day timeframe. Or to simplify this another way, note that out of the past 30 days EUR/TRY’s price has gone down 17 them. And for candlestick traders, a special treat: there is a pin bar pattern showing up on the charts as well. Rejoice!