EURTRY Up 1 Pips Over Past Hour, Moves Up For the 5th Consecutive Day; in an Uptrend Over Past 90 Days

Hourly Update

(Last Updated November 15, 2021 18:18 GMT)

At the moment, EURTRY’s rate is up 1.44 pips (0.13%) from the hour prior. This move is a reversal from the hour prior, which saw price move down. If you’re a trend trader, consider that the strongest clear trend on the hourly chart 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 7 pips (0.59%) since the previous day (opening today near 11.4817907607), marking the 5th consecutive day it has gone up. Relative to other instruments in the Forex asset class, EURTRY ranked 3rd the previous day in terms of percentage price change. The price chart of EURTRY below illustrates.

EURTRY

EURTRY Technical Analysis

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. 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. Or to simplify this another way, note that out of the past 30 days EURTRY’s price has gone up 20 them.