EURTRY

(Last Updated November 26, 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, we don’t see a clear trend until the 90 day basis, where we see a clear uptrend.

EURTRY Moving Averages

EURTRY’s moving averages tell a multi-facted story about its trend. Out of the moving averages we’re monitoring (20, 50, 100, and 200 days), all but the 20 are bullish, implying a upward trend, aside from a drop about 3 weeks prior.

Below is a chart showing EURTRY’s price with its moving averages.

In terms of correlations over the past week for EURTRY, it has been most correlated with USDTRY. EURTRY has been most correlated with USDTRY over the past 14 days also, so this may be a recurring pattern. Alternatively, GBPAUD has been the asset least correlated with EURTRY — but if we observe the prior two weeks, GBPUSD has been the asset least correlated with EURTRY. See the chart below to observe the recent price action in EURTRY versus those of assets it hasn’t been well correlated with.

.

The View From the Weekly Timeframe

At the moment, EURTRY’s rate is up 0.3846 (4.25%) from the week prior. EURTRY has seen its price go up 4 out of the past 5 weeks, thus creating some compelling opportunities for bulls. If you’re a trend trader, consider that the strongest clear trend on the weekly chart exists on the 20 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. The weekly chart below shows EURTRY’s price action over the past year.

EURTRY: The Monthly View

Strongest trend on the 120 month timeframe.