EUR/TRY Up 96 Pips Over Past 4 Hours, Makes Big Move Relative to Two Week Trend; in an Uptrend Over Past 14 Days

EUR/TRY 4 Hour Price Update

Updated July 22, 2020 09:16 AM GMT (05:16 AM EST)

EUR/TRY is up 96 pips (0.12%) since the last 4 hour candle (opening the current 4 hour candle near 7.8933), marking the 3rd candle in a row an upward move has occurred. Compared to its peers in the Forex, EUR/TRY gave its buyers a return that ranked 11th in terms of percentage change since the last 4 hour candle.

EUR/TRY End of Day Recap

Updated 00:30 GMT (04:30 EST)

EUR/TRY is up 182 pips (0.23%) since the previous day (opening today near 7.879632556), marking the 3rd day in a row an increase has occurred. Compared to its peers in the Forex, EUR/TRY gave its buyers a return that ranked 2nd in terms of percentage change since the previous day. Here is a price chart of EUR/TRY.

EUR/TRY Technical Analysis

The first thing we should note is that the current price of EUR/TRY is sitting close to its 20 and 50 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. 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. For additional context, note that price has gone up 8 out of the past 14 days. And for candlestick traders, a special treat: there is a pin bar pattern showing up on the charts as well. Rejoice!