EUR/TRY Up 182 Pips On 4 Hour Chart, in an Uptrend Over Past 90 Days; Eyes 50 Day Average
This imputes a buy/sell ratio of 1, which is neutral.
EURTRY
(Last Updated May 28, 2020)
Welcome to the news page for EURTRY (EURTRY). Below you’ll find our daily market updates. Here’s a technical analysis summary of where things currently stand:
The Trend
A trend/countertrend situation exists on EURTRY, in which a downtrend exists on shorter timeframes but an uptrend appears on the 90 day timeframe. The countertrend on the shorter timeframe may provide an opportunity to buy for those interested in playing the longer term trend.
EURTRY Moving Averages
The moving averages on EURTRY summarize its price action in an interesting way. Of the 20, 50, 100, and 200 day averages — three of them (all but the 20) — are bullish, implying a upward trend, aside from a fall about 3 weeks prior.
The chart below illustrates.
As for correlation, In terms of correlations over the past week for EURTRY, it has been most correlated with EURGBP. If we zoom out to a two week basis, though, USDTRY is the asset most correlated to EURTRY. On the flip side, EURSEK has been the asset least correlated with EURTRY — but over the past two weeks, the asset least correlated with EURTRY has been GBPCHF. 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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EUR/TRY Down 7 Pips Over Past 4 Hours, Makes Big Move Relative to Two Week Trend; Moves Up For the 2nd Day In A Row
This imputes a buy/sell ratio of 1, which is neutral.
EUR/TRY Up 188 Pips in Last 4 Hours, 2 Day Down Streak Broken; in an Uptrend Over Past 90 Days
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.
EUR/TRY Up 52 Pips Over Past 4 Hours, in a Downtrend Over Past 14 Days; Pin Bar Pattern Appearing on Chart
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.
EUR/TRY Down 6 Pips On 4 Hour Chart; in an Uptrend Over Past 90 Days
Interestingly, a trend in the other direction exists on the 14 and 30 day timeframes, where price is headed down.
EUR/TRY Down 95 Pips Over Past 4 Hours, Crosses 50 Day Moving Average; Pin Bar Pattern Appearing on Chart
For additional context, note that price has gone down 17 out of the past 30 days.
EUR/TRY Down 319 Pips On 4 Hour Chart, Crosses 50 Day Moving Average; in an Uptrend Over Past 90 Days
And for candlestick traders, a special treat: there is a pin bar pattern showing up on the charts as well.
EUR/TRY Up 82 Pips in Last 4 Hours, in an Uptrend Over Past 90 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.
EUR/TRY Up 310 Pips Over Past 4 Hours, in an Uptrend Over Past 90 Days; Pin Bar Pattern Appearing on Chart
For additional context, note that price has gone down 17 out of the past 30 days.
EUR/TRY Up 867 Pips in Last 4 Hours, Moves Down For the 8th Day In A Row; is Inching Close to 50 Day Average
Interestingly, a trend in the other direction exists on the 14 day timeframe, where price is headed down.