EUR/TRY Up 2 Pips On Hourly Chart, in an Uptrend Over Past 90 Days; Pin Bar Pattern Appearing on Chart

Hourly Update

(Last Updated November 23, 2021 1:41 GMT)

At the time of this writing, EURTRY’s rate is up 2.08 pips (0.16%) from the hour prior. This is the 2nd straight hour EURTRY has seen its price head up. As for the trend on the hourly timeframe, we see the clearest trend on the 100 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)

The choppiness in the recent daily price action of EURTRY continues; to start today, it came in at a price of 12.79033737, up 22 pips (1.74%) since the previous day. Compared to its peers in the Forex, EURTRY gave its buyers a return that ranked 2nd in terms of percentage change since the previous day. Below is a price chart of EURTRY.


EURTRY Technical Analysis

The clearest trend exists on the 14 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 11 them. And for candlestick traders, a special treat: there is a pin bar pattern showing up on the charts as well. Rejoice!