EURTRY

(Last Updated April 15, 2021)

Welcome to the news page for EURTRY (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
Turkey TCMB Interest Rate Decision	2021	Turkish Lira	TRY	2021-04-15	11:00 GMT	19%	19%
Euro Area Eurogroup Video Conference	NA	Euro	EUR	2021-04-16	08:00 GMT
Euro Area Core Inflation Rate YoY Final	Mar 2021	Euro	EUR	2021-04-16	09:00 GMT	0.9%
Euro Area Inflation Rate YoY Final	Mar 2021	Euro	EUR	2021-04-16	09:00 GMT	1.3%
Euro Area Balance of Trade	Feb 2021	Euro	EUR	2021-04-16	09:00 GMT

The Trend

On EURTRY, there is currently an uptrend on the 90 and 30 day timeframes.

EURTRY Moving Averages

Across several time periods between 20 and 200 days, the trend on EURTRY has remained consistently bullish.

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

Regarding EURTRY’s correlations over the past 7 days, 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 structural correlation in the market. Alternatively, the asset least correlated with EURTRY over the past week has been EURCAD, but if we observe the prior two weeks, the asset least correlated with EURTRY has been USDMXN. 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 time of this writing, EURTRY’s rate is down -3.56 pips (-0.37%) from the week prior. Moreover, note that this is a reversal of the price action on the previous week, in which price moved up. If you’re a trend trader, consider that the strongest clear trend on the weekly chart exists on the 10 week timeframe. Price action traders may also wish to note that we see some doji and pin bar candlestick patterns on EURTRY. Given that we see an uptrend on the 10 weekly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting. 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. EURTRY’s weekly price action over the past 52 weeks can be seen via the chart below.