EURTRY Down 2 Pips in Last Hour, Outperforms All Forex; in an Uptrend Over Past 30 Days

Hourly Update

(Last Updated November 12, 2020 1:18 GMT)

At the time of this writing, EURTRY’s rate is down -1.81 pips (-0.2%) from the hour prior. EURTRY has seen its price go down 8 out of the past 10 hours, thus creating some compelling opportunities for bears. As for the trend on the hourly timeframe, we see the clearest trend on the 20 hour timeframe. Price action traders may also wish to note that we see a doji candlestick pattern on EURTRY. Given that we see downtrend on the 20 and 10 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting. The moving averages on the hourly timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.

EURTRY End of Day Recap

Updated 00:30 GMT (04:30 EST)

The back and forth price flow continues for EURTRY, which started today off at 9.6276, up 16 pips 1.67% from yesterday. EURTRY outperformed all 40 assets in the Forex asset class yesterday. Here is a price chart of EURTRY.

EURTRY

EURTRY Technical Analysis

Moving average crossovers are always interesting, so let’s start there: EURTRY crossed above its 20 day moving average yesterday. 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 8 out of the past 10 days.