EUR/TRY Up 41 Pips in Last Hour, Outperforms All Forex; in an Uptrend Over Past 14 Days

Hourly Update

(Last Updated December 20, 2021 1:39 GMT)

Currently, EURTRY’s rate is up 40.96 pips (2.22%) 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 33 pips (1.81%) since the day prior (opening today near 18.7582159997), marking the 5th straight day it has gone up. EURTRY outperformed all 39 assets in the Forex asset class the day prior. Congrats to its holders! The price chart of EURTRY below illustrates.

EURTRY

EURTRY Technical Analysis

Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving up. Or to simplify this another way, note that out of the past 10 days EURTRY’s price has gone up 8 them.