EURTRY Up 1 Pips On Hourly Chart, 2 Day Up Streak Snapped; in an Uptrend Over Past 90 Days
The clearest trend exists on the 14 day timeframe, which shows price moving up over that time.
EURTRY
(Last Updated September 22, 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
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.
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 USDTRY. USDTRY 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 EURSEK, but if we observe the prior two weeks, NZDCHF has been the asset least correlated with EURTRY. 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 0.0324 (0.36%) from the week prior. EURTRY has seen its price go up 13 out of the past 14 weeks, thus creating some compelling opportunities for bulls. Regarding the trend, note that the strongest trend exists on the 20 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. The weekly chart below shows EURTRY’s price action over the past year.
EURTRY Down 2 Pips in Last Hour, Came Into Today Up For the 2nd Straight Day; Doji and Pin Bar Patterns Appearing on Chart
For additional context, note that price has gone up 8 out of the past 14 days.
EURTRY Up 0 Pips On Hourly Chart, Moves Up For the 2nd Consecutive Day; Doji and Pin Bar Patterns Appearing on Chart
The clearest trend exists on the 90 day timeframe, which shows price moving up over that time.
EURTRY Down 3 Pips in Last Hour, Moves Down For the 2nd Straight Day; in an Uptrend Over Past 30 Days
As for the rationale, technical traders seem to be citing the appearance of a triangle technical pattern.
EURTRY Up 0 Pips Over Past Hour, Moves Down For the 2nd Consecutive Day; in an Uptrend Over Past 90 Days
Compared to its peers in the forex, eurtry gave its buyers a return that ranked 24th in terms of percentage change since yesterday.
EURTRY Down 0 Pips On Hourly Chart, Came Into Today Up For the 2nd Day In A Row; in an Uptrend Over Past 90 Days
Regarding the trend, note that the strongest trend exists on the 20 hour timeframe.
EURTRY Down 1 Pips Over Past Hour, Moves Up For the 2nd Straight Day; in an Uptrend Over Past 30 Days
Volatility for eurtry has been contracting over the past two weeks relative to volatility over the past month.
EURTRY Down 2 Pips On Hourly Chart, 2 Day Up Streak Ended; in an Uptrend Over Past 90 Days
Price action traders may also wish to note that we see a doji candlestick pattern on eurtry.
EUR/TRY Up 113 Pips Over Past 4 Hours; in an Uptrend Over Past 90 Days
The clearest trend exists on the 30 day timeframe, which shows price moving up over that time.
EUR/TRY Up 320 Pips in Last 4 Hours, in an Uptrend Over Past 30 Days; Pin Bar Pattern Appearing on Chart
The clearest trend exists on the 30 day timeframe, which shows price moving up over that time.