EUR/TRY Down 160 Pips Over Past 4 Hours, Makes Big Move Relative to Two Week Trend; Pin Bar Pattern Appearing on Chart
As for the rationale, technical traders seem to be citing the appearance of a double top technical pattern.
EURTRY
(Last Updated July 7, 2020)
Hello! This is the news page for EURTRY. Below you’ll find our daily market updates. Here’s a technical analysis summary of where things currently stand:
The Trend
If we observe the 90 and 30 day timeframes, we see an uptrend in place for EURTRY.
EURTRY Moving Averages
Across several time periods between 20 and 200 days, the trend on EURTRY has remained consistently bullish.
The chart below illustrates.
Regarding EURTRY’s correlations over the past 7 days, it has been most correlated with USDSEK. If we zoom out to a two week basis, though, the asset showing the strongest correlation to EURTRY is EURUSD. Alternatively, GBPCHF has been the asset least correlated with EURTRY — but over the past two weeks, the asset least correlated with EURTRY has been EURSEK. The chart below illustrates EURTRY against its least correlated assets.
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EUR/TRY Up 78 Pips On 4 Hour Chart, Makes Big Move Relative to Two Week Trend; 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 133 Pips in Last 4 Hours, Moves Down For the 6th Day In A Row; Breaks Below 20 Day Average
The clearest trend exists on the 30 day timeframe, which shows price moving up over that time.
EUR/TRY Down 10 Pips On 4 Hour Chart, Makes Big Move Relative to Two Week Trend; Doji and Pin Bar Patterns Appearing on Chart
Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving up.
EUR/TRY Up 32 Pips Over Past 4 Hours, 2 Day Down Streak Broken; 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 46 Pips On 4 Hour Chart, Entered Today Down For the 2nd Day In A Row; But Still in an Uptrend Over Past 30 Days
The clearest trend exists on the 30 day timeframe, which shows price moving up over that time.
EUR/TRY Down 38 Pips Over Past 4 Hours, in an Uptrend Over Past 90 Days; Pin Bar and Morning Star Patterns Appearing on Chart
But, let’s not get carried away with that idea just yet. 🙂 as for the rationale, technical traders seem to be citing the appearance of a divergence technical pattern.
EUR/TRY Up 74 Pips in Last 4 Hours; Doji and Pin Bar Patterns Appearing on Chart
For additional context, note that price has gone up 9 out of the past 14 days.
EUR/TRY Up 36 Pips in Last 4 Hours
The closest is the 50 day average, which is 1491.4 pips away.
EUR/TRY Down 29 Pips On 4 Hour Chart, in an Uptrend Over Past 90 Days; Doji and Pin Bar Patterns Appearing on Chart
And for candlestick traders, a special treat: there are doji and pin bar patterns showing up on the charts as well.