EUR/TRY Down 577 Pips in Last 4 Hours; in an Uptrend Over Past 14 Days
Relative to other instruments in the forex asset class, eur/try ranked 5th the previous day in terms of percentage price change.
EURTRY
(Last Updated August 11, 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
The moving averages on EURTRY indicate a trend that is clearly bullish.
The chart below illustrates.
As for assets in the Forex asset class EURTRY has been correlated to over the past week, it has demonstrated the strongest correlation with TRYJPY. TRYJPY is the asset with which EURTRY has been most correlated with over the past two weeks as well, so this may be a recurring pattern. On the flip side, EURCHF has been the asset least correlated with EURTRY — but if we observe the prior two weeks, the asset least correlated with EURTRY has been EURCHF:CUR. The chart below illustrates EURTRY against its least correlated assets.
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The View From the Weekly Timeframe
At the moment, EURTRY’s rate is up 0.0383 (0.45%) from the week prior. It’s been a feast for bulls operating on the weekly timeframe, as EURTRY has now gone up 5 of the past 5 weeks. As for the trend on the weekly timeframe, we see the clearest trend on the 10 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.
EUR/TRY Down 39 Pips On 4 Hour Chart, Fares the Worst Out of Forex; But Still in an Uptrend Over Past 14 Days
It may be worth observing that eur/try was the worst performer of the 40 members in the forex asset class over the past day.
EUR/TRY Down 343 Pips On 4 Hour Chart; in an Uptrend Over Past 14 Days
Relative to other instruments in the forex asset class, eur/try ranked 8th the previous day in terms of percentage price change.
EUR/TRY Down 214 Pips On 4 Hour Chart, Moves Up For the 2nd Day In A Row; in an Uptrend Over Past 30 Days
Relative to other instruments in the forex asset class, eur/try ranked 2nd the day prior in terms of percentage price change.
EUR/TRY Up 324 Pips On 4 Hour Chart, Moves Up For the 2nd Day In A Row; in an Uptrend Over Past 30 Days
Compared to its peers in the forex, eur/try gave its buyers a return that ranked 3rd in terms of percentage change since the previous day.
EUR/TRY Up 1208 Pips Over Past 4 Hours, in an Uptrend Over Past 30 Days; Pin Bar Pattern Appearing on Chart
Or to simplify this another way, note that out of the past 10 days eur/try’s price has gone up 7 them.
EUR/TRY Down 166 Pips Over Past 4 Hours, Moves Down For the 2nd Day In A Row; in an Uptrend Over Past 90 Days
And for candlestick traders, a special treat: there are doji and pin bar patterns showing up on the charts as well.
EUR/TRY Down 11 Pips in Last 4 Hours, Moves Up For the 11th Day In A Row; in an Uptrend Over Past 14 Days
Relative to other instruments in the forex asset class, eur/try ranked 11th the previous day in terms of percentage price change.
EUR/TRY Up 477 Pips On 4 Hour Chart, Underperforms All Forex; 9 Day Up Streak Broken
Or to simplify this another way, note that out of the past 30 days eur/try’s price has gone up 19 them.
EUR/TRY Down 205 Pips Over Past 4 Hours, Underperforms All Forex; 9 Day Up Streak Broken
On a relative basis, eur/try was the worst performer out of all 40 of the assets in the forex asset class.