EUR/TRY Up 135 Pips On 4 Hour Chart, Moves Up For the 9th Day In A Row; in an Uptrend Over Past 14 Days

EUR/TRY 4 Hour Price Update

Updated July 29, 2020 01:12 AM GMT (09:12 PM EST)

The choppiness in the recent four-hour candle price action of EUR/TRY continues; to start the current 4 hour candle, it came in at a price of 8.1563, up 135 pips (0.17%) since the last 4 hour candle. On a relative basis, the last 4 hour candle were pretty good: EUR/TRY bested all 37 of the assets in the Forex class 🙂

EUR/TRY End of Day Recap

Updated 00:30 GMT (04:30 EST)

EUR/TRY is up 110 pips (0.14%) since the previous day (opening today near 8.1334456), marking the 9th day in a row an increase has occurred. Out of the 40 instruments in the Forex asset class, EUR/TRY ended up ranking 6th for the day in terms of price change. The price chart of EUR/TRY below illustrates.

EUR/TRY

EUR/TRY 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 30 days EUR/TRY’s price has gone up 19 them. Oh, and one last thing: if you trade off of candlesticks, note that we’re seeing pin bar pattern appearing here.