(Last Updated February 24, 2021 0:21 GMT)
Currently, EURTRY’s rate is up 0.34 pips (0.04%) from the hour prior. It’s been a feast for bulls operating on an hourly timeframe, as EURTRY has now gone up 4 of the past 5 hours. 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 bearishness in price, as the 20, 50, 100 and 200 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend.
EURTRY End of Day Recap
Updated 00:30 GMT (04:30 EST)
EURTRY is up 10 pips (1.21%) since the day prior (opening today near 8.533929472), marking the 3rd consecutive day it has gone up. Out of the 39 instruments in the Forex asset class, EURTRY ended up ranking 2nd for the day in terms of price change. The price chart of EURTRY below illustrates.
EURTRY Technical Analysis
Coming into today the current price of EURTRY is sitting close to its 20 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. As for the alignment of the moving averages, well, it’s a bit mixed up; the 20, 50, 100, and 200 do not progress from largest to smallest, or vice versa. The closest is the 20 day average, which is 209.8 pips away. 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. The clearest trend exists on the 30 day timeframe, which shows price moving down over that time. For additional context, note that price has gone up 6 out of the past 10 days.