For additional context, note that price has gone down 15 out of the past 30 days.
This imputes a buy/sell ratio of 1.47, which is bullish.
The clearest trend exists on the 90 day timeframe, which shows price moving up over that time.
As for the rationale, technical traders seem to be citing the appearance of a channel technical pattern.
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 100 day average, which is 1.2 pips away.
If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 20 hour timeframe.
Or to simplify this another way, note that out of the past 10 days usdtry’s price has gone up 8 them.
As for the rationale, technical traders seem to be citing the appearance of a wedge technical pattern.
Regarding the trend, note that the strongest trend exists on the 50 hour timeframe.