EUR/TRY Up 96 Pips in Last 4 Hours, in an Uptrend Over Past 30 Days; Doji and Pin Bar Patterns Appearing on Chart

EUR/TRY 4 Hour Price Update

Updated March 24, 2020 03:19 AM GMT (11:19 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 7.0495, up 96 pips (0.14%) since the last 4 hour candle. Out of the 36 instruments in the Forex asset class, EUR/TRY ended up ranking 17th for the four-hour candle in terms of price change.

EUR/TRY Daily New York Session Recap

Updated 21:00 GMT (17:00 EST)

The back and forth price flow continues for EUR/TRY, which started today’s post-New York session off at 7.00194, up 47 pips 0.07% from the close of the previous day’s New York session. The price move occurred on stronger volume, as measured by the number of tick price changes; specifically, yesterday’s volume was up 7.27% from the day prior, and up 5.33% from the same day the week before. Compared to its peers in the Forex, EUR/TRY gave its buyers a return that ranked 21st in terms of percentage change since the close of the previous day’s New York session. Below is a price chart of EUR/TRY.

EUR/TRY Technical Analysis

Coming into today EUR/TRY is now close to its 20 day moving averages, which may act as price barrier for the asset. Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving up. For additional context, note that price has gone up 6 out of the past 10 days. Also, candlestick traders! Note we see doji and pin bar patterns appearing here as well.

The View From Around the Web

Not much commentary on EURTRY that we’re finding noteworthy here; as such, there’s not much we can say about sentiment. Here’s a piece we found on tradingview.com that we thought you might enjoy.