(Last Updated April 28, 2021 2:19 GMT)
Currently, EURTRY’s rate is down -0.46 pips (-0.05%) from the hour prior. It’s been a feast for bears operating on an hourly timeframe, as EURTRY has now gone down 4 of the past 5 hours. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 50 hour timeframe. The moving averages on the hourly timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.
EURTRY End of Day Recap
Updated 00:30 GMT (04:30 EST)
EURTRY is down 8 pips (0.83%) since the previous day (opening today near 9.910363484), marking the 2nd day in a row a decline has happened. Relative to other instruments in the Forex asset class, EURTRY ranked 38th the previous day in terms of percentage price change. Let’s take a look at price chart of EURTRY.
EURTRY Technical Analysis
Coming into today EURTRY is now close to its 20 day averages, located at 9.7749 respectively, and thus may be at a key juncture along those timeframes. 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. The closest is the 20 day average, which is 1355.1 pips away. Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving up. For additional context, note that price has gone up 18 out of the past 30 days.