EUR/TRY Down 2 Pips Over Past Hour, in an Uptrend Over Past 90 Days; Pin Bar Pattern Appearing on Chart
It’s been a feast for bears operating on an hourly timeframe, as eurtry has now gone down 4 of the past 5 hours.
EURTRY
(Last Updated September 18, 2020)
Hello! This is the news page for EURTRY. Below you’ll find our daily market updates. Here’s a technical analysis summary of where things currently stand:
The Trend
On EURTRY, there is currently an uptrend on the 90, 30 and 14 day timeframes.
EURTRY Moving Averages
EURTRY’s moving averages suggest the trend on a number of time horizons is bullish.
The chart below illustrates.
Regarding EURTRY’s correlations over the past 7 days, it has demonstrated the strongest correlation with TRYJPY. EURTRY has been most correlated with TRYJPY over the past 14 days also, so this may be a recurring pattern. Alternatively, USDNOK has been the asset least correlated with EURTRY — but if we observe the prior two weeks, EURNZD has been the asset least correlated with EURTRY. The chart below illustrates EURTRY against its least correlated assets.
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The View From the Weekly Timeframe
At the time of this writing, EURTRY’s rate is up 0.0976 (1.1%) from the week prior. It’s been a feast for bulls operating on the weekly timeframe, as EURTRY has now gone up 9 of the past 10 weeks. Regarding the trend, note that the strongest trend exists on the 5 week timeframe. Looking further out, the moving averages on the weekly timeframe suggest a bearishness in price, as the 20 and 50 are all in a bearish alignment — meaning the shorter duration moving averages are below the longer duration averages, implying a stable downward trend. EURTRY’s weekly price action over the past 52 weeks can be seen via the chart below.
EURTRY Up 2 Pips in Last Hour, in an Uptrend Over Past 14 Days; Pin Bar Pattern Appearing on Chart
And for candlestick traders, a special treat: there is a pin bar pattern showing up on the charts as well.
EURTRY Down 1 Pips in Last Hour, Tops All Forex; Makes Big Move Relative to Two Week Trend
Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving up.
EURTRY Down 1 Pips in Last Hour, 2 Day Up Streak Broken; Pin Bar Pattern Appearing on Chart
Volatility for eurtry has been contracting over the past two weeks relative to volatility over the past month.
EURTRY Down 1 Pips Over Past Hour, 2 Day Up Streak Broken; Pin Bar Pattern Appearing on Chart
Even after weeks of conflict between the two countries, it looks like even the announcement that they’re willing to start talks to resolve the issue wouldn’t be enough to ease worries.
EURTRY Up 0 Pips in Last Hour; in an Uptrend Over Past 14 Days
The eur/try pair’s 50-day moving average will continue its upward trend after its surge against the 200-day moving average in early august, and it looks like the tables won’t turn until the countries come up with a definite agreement.
EURTRY Up 0 Pips Over Past Hour; in an Uptrend Over Past 90 Days
Relative to other instruments in the forex asset class, eurtry ranked 2nd yesterday in terms of percentage price change.
EURTRY Down 1 Pips in Last Hour, Moves Up For the 2nd Consecutive Day; in an Uptrend Over Past 14 Days
It’s been a feast for bears operating on an hourly timeframe, as eurtry has now gone down 4 of the past 5 hours.
EURTRY Down 0 Pips Over Past Hour, Entered Today Up For the 2nd Day In A Row; in an Uptrend Over Past 90 Days
The clearest trend exists on the 90 day timeframe, which shows price moving up over that time.
EURTRY Up 1 Pips On Hourly Chart, 2 Day Up Streak Snapped; in an Uptrend Over Past 90 Days
The clearest trend exists on the 14 day timeframe, which shows price moving up over that time.