EUR/TRY Up 9 Pips in Last Hour, Tops All Forex; Makes Big Move Relative to Past Month

Hourly Update

(Last Updated November 19, 2021 1:42 GMT)

Currently, EURTRY’s rate is up 8.98 pips (0.72%) from the hour prior. This is the 2nd hour in a row EURTRY has seen its price head up. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 50 hour timeframe. Price action traders may also wish to note that we see a doji candlestick pattern on EURTRY. Given that we see an uptrend on the 20 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 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 49 pips (4.08%) since the day prior (opening today near 12.498180345), marking the 3rd consecutive day it has gone up. EURTRY outperformed all 39 assets in the Forex asset class the day prior. Congrats to its holders! Below is a price chart of EURTRY.

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. For additional context, note that price has gone up 11 out of the past 14 days.

The View From Around the Web

Not much in terms quality buy/sell signals we’re seeing for EURTRY; just 1 sell signals and 0 buy signals. This imputes a buy/sell ratio of 0, which is quite bearish. Here’s a piece we found on tradingview.com; below is a short snippet from it to give you a taste.

Whatever you want to make of it. I just put a short on 12.405It´s already going down…