EURTRY

(Last Updated November 27, 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

For EURTRY, we have to zoom out to the 90 day timeframe and beyond to see a clear trend; at that point, a clear uptrend becomes apparent.

EURTRY Moving Averages

Nuances in the trend on EURTRY can be understood by observing the behavior of its moving averages. 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 decline about 3 weeks prior.

The chart below illustrates.

As for assets in the Forex asset class EURTRY has been correlated to over the past week, 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 recurring pattern. Alternatively, GBPAUD has been the asset least correlated with EURTRY — but over the past two weeks, GBPUSD 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.

.

The View From the Weekly Timeframe

At the moment, EURTRY’s rate is up 0.3124 (3.45%) from the week prior. EURTRY has seen its price go up 4 out of the past 5 weeks, thus creating some compelling opportunities for bulls. If you’re a trend trader, consider that the strongest clear trend on the weekly chart 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. 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.