EUR/TRY Up 72 Pips in Last Hour, Tops All Forex; in an Uptrend Over Past 90 Days

Hourly Update

(Last Updated December 27, 2021 1:39 GMT)

At the moment, EURTRY’s rate is up 72.5 pips (6.03%) 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)

After 5 down days, EURTRY snaps its streak, rising 38 pips (3.14%) over the past day to close at an exchange rate of 12.3738044183. EURTRY outperformed all 39 assets in the Forex asset class yesterday. Congrats to its holders! Here is a price chart of EURTRY.

EURTRY

EURTRY Technical Analysis

The clearest trend exists on the 90 day timeframe, which shows price moving up over that time. Or to simplify this another way, note that out of the past 30 days EURTRY’s price has gone up 17 them.