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EURTRY

(Last Updated March 16, 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
Euro Area ECB Enria Speech NA Euro EUR 2021-03-16 11:00 GMT
Euro Area Inflation Rate YoY Final Feb 2021 Euro EUR 2021-03-17 10:00 GMT 0.9%
Euro Area Core Inflation Rate YoY Final Feb 2021 Euro EUR 2021-03-17 10:00 GMT 1.1%
Euro Area Construction Output YoY Jan 2021 Euro EUR 2021-03-17 10:00 GMT
European Union New Car Registrations YoY Feb 2021 Euro EUR 2021-03-18 07:00 GMT

The Trend

As for trends on EURTRY, we’re seeing an uptrend on shorter timeframes — but a downtrend on the 90 day timeframe. As such, traders with short positions should be aware of the downtrend in place on the longer timeframes.

EURTRY Moving Averages

The moving averages on EURTRY summarize its price action in an interesting way. The 20 and 200 day averages are pointing upwards, suggesting a bullish trend, in contrast to the downward-facing 50 and 100 day averages that imply a bearish trend. Moreover, today we saw the 50 moving average turn bearish.

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

Regarding EURTRY’s correlations over the past 7 days, it has been most correlated with TRYJPY. EURTRY has been most correlated with TRYJPY over the past 14 days also, so this may be a structural correlation in the market. On the flip side, EURNZD has been the asset least correlated with EURTRY — but over the past two weeks, AUDCHF 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

Currently, EURTRY’s rate is up 8.11 pips (0.9%) from the week prior. It’s been a feast for bulls operating on the weekly timeframe, as EURTRY has now gone up 4 of the past 5 weeks. If you’re a trend trader, consider that the strongest clear trend on the weekly chart exists on the 20 week timeframe. Price action traders may also wish to note that we see a pin bar candlestick pattern on EURTRY. Given that we see downtrend on the 20 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.

EURTRY: The Monthly View

Strongest trend on the 60 month timeframe.

EURTRY Up 1 Pips in Last Hour, Makes Big Move Relative to Two Week Trend; Came Into Today Down For the 2nd Consecutive Day

Categories Forex News Tags EURTRY
April 14, 2021April 14, 2021

Given that we see downtrend on the 20 and 10 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.

EURTRY Down 0 Pips Over Past Hour, Makes Big Move Relative to Two Week Trend; Entered Today Down For the 2nd Consecutive Day

Categories Forex News Tags EURTRY
April 14, 2021April 13, 2021

As for the alignment of the moving averages, well, it’s a bit mixed up; the 20, 50, 100, and 200 do not progress from largest to smallest, or vice versa.

EURTRY Down 1 Pips On Hourly Chart, Makes Big Move Relative to Two Week Trend; 5 Day Up Streak Snapped

Categories Forex News Tags EURTRY
April 13, 2021April 12, 2021

As for the alignment of the moving averages, well, it’s a bit mixed up; the 20, 50, 100, and 200 do not progress from largest to smallest, or vice versa.

EURTRY Down 0 Pips On Hourly Chart, Moves Up For the 5th Day In A Row; in an Uptrend Over Past 30 Days

Categories Forex News Tags EURTRY
April 12, 2021April 9, 2021

The closest is the 20 day average, which is 2044.9 pips away.

EURTRY Up 1 Pips On Hourly Chart, Moves Up For the 3rd Consecutive Day; in an Uptrend Over Past 30 Days

Categories Forex News Tags EURTRY
April 9, 2021April 8, 2021

Relative to other instruments in the forex asset class, eurtry ranked 5th the previous day in terms of percentage price change.

EURTRY Up 0 Pips On Hourly Chart, Came Into Today Up For the 2nd Straight Day; in an Uptrend Over Past 30 Days

Categories Forex News Tags EURTRY
April 8, 2021April 7, 2021

The clearest trend exists on the 30 day timeframe, which shows price moving up over that time.

EURTRY Up 0 Pips Over Past Hour; in an Uptrend Over Past 30 Days

Categories Forex News Tags EURTRY
April 7, 2021April 6, 2021

Volatility for eurtry has been contracting over the past two weeks relative to volatility over the past month.

EURTRY Down 0 Pips in Last Hour, Price Base in Formation Over Past 90 Days; Pin Bar Pattern Appearing on Chart

Categories Forex News Tags EURTRY
April 6, 2021April 5, 2021

And for candlestick traders, a special treat: there is a pin bar pattern showing up on the charts as well.

EURTRY Up 2 Pips On Hourly Chart, in an Uptrend Over Past 30 Days; Price Base in Formation Over Past 90 Days

Categories Forex News Tags EURTRY
April 5, 2021April 2, 2021

This is the 2nd hour in a row eurtry has seen its price head up.

EURTRY Up 1 Pips in Last Hour; Entered Today Down For the 2nd Day In A Row

Categories Forex News Tags EURTRY
April 3, 2021March 31, 2021

The clearest trend exists on the 14 day timeframe, which shows price moving up over that time.

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