EURTRY

(Last Updated January 18, 2021)

Hello! This is the news page for EURTRY. Below you’ll find our daily market updates. Here’s a technical and fundamental summary of where things currently stand:

Forex Calendar for EURTRY

metric_name reference_period asset_name asset_id date time forecast outcome
Euro Area Eurogroup Video Conference NA Euro EUR 2021-01-18 08:00 GMT
Euro Area ECB President Lagarde Speech NA Euro EUR 2021-01-18 08:00 GMT
European Union New Car Registrations YoY Dec 2020 Euro EUR 2021-01-19 07:00 GMT
Euro Area Construction Output YoY Nov 2020 Euro EUR 2021-01-19 10:00 GMT
Euro Area ZEW Economic Sentiment Index Jan 2021 Euro EUR 2021-01-19 10:00 GMT

The Trend

Perhaps the most noteworthy trend we’re seeing on EURTRY is at the 30 day level, where a clear downtrend is apparent.

EURTRY Moving Averages

The moving averages on EURTRY summarize its price action in an interesting way. The 100 and 200 day averages are pointing upwards, suggesting a bullish trend, while the 20 and 50 day averages are pointing downward, suggesting a bearish trend on those timeframes. This implies that the long-term trend — meaning going back over 3 months — is bullish, while the trend over the past month and a half is bearish.

The chart below illustrates.

In terms of correlations over the past week for EURTRY, 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. On the flip side, GBPJPY has been the asset least correlated with EURTRY — but over the past two weeks, EURJPY 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.

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The View From the Weekly Timeframe

At the moment, EURTRY’s rate is down 0.02 pips (0%) from the week prior. It’s been a feast for bears operating on the weekly timeframe, as EURTRY has now gone down 5 of the past 5 weeks. If you’re a trader with a preference for rangebound markets, you may wish to note that there isn’t a clear trend on the 5, 10 and 20 week timeframes. Looking further out, the moving averages on the weekly 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. The weekly chart below shows EURTRY’s price action over the past year.

EURTRY: The Monthly View

Clearest trend on the monthly is apparent at the 24 month timeframe.

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