(Last Updated April 27, 2021 17:20 GMT)
Currently, EURTRY’s rate is up 1.25 pips (0.13%) from the hour prior. The hourly chart shows that EURTRY has seen 2 straight up hours. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 20 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)
After 8 up days, EURTRY snaps its streak, falling 18 pips (-1.79%) over the past day to close at an exchange rate of 9.993720992. It may be worth observing that EURTRY was the worst performer of the 39 members in the Forex asset class over the past day. The price chart of EURTRY below illustrates.
EURTRY Technical Analysis
Coming into today EURTRY is now close to its 20 day averages, located at 9.7608 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 2328.7 pips away. The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. For additional context, note that price has gone up 9 out of the past 14 days.