TRYJPY

(Last Updated April 15, 2021)

Hello! This is the news page for TRYJPY. Below you’ll find our daily market updates. Here’s a technical and fundamental summary of where things currently stand:

Forex Calendar for TRYJPY

The Trend

If we observe the 90 and 30 day timeframes, we see a downtrend in place for TRYJPY.

TRYJPY Moving Averages

TRYJPY’s moving averages tell a multi-facted story about its trend. Of the 20, 50, 100, and 200 day averages — three of them (all but the 100) — are bearish, suggesting the trend is generally downward, aside from a rally about 3 months prior. Moreover, today we saw the 20 moving average turn bearish.

Below is a chart showing TRYJPY’s price with its moving averages.

Regarding TRYJPY’s correlations over the past 7 days, it has demonstrated the strongest correlation with USDCHF. Over the past 14 days, however, the asset showing the strongest correlation to TRYJPY is EURTRY. Alternatively, the asset least correlated with TRYJPY over the past week has been AUDUSD, but over the past two weeks, EURAUD has been the asset least correlated with TRYJPY. The chart below illustrates TRYJPY against its least correlated assets.

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The View From the Weekly Timeframe

At the moment, TRYJPY’s rate is up 488 pips (0.36%) from the week prior. Moreover, note that this is a reversal of the price action on the previous week, in which price moved down. Regarding the trend, note that the strongest trend exists on the 10 week timeframe. Looking further out, the moving averages on the weekly timeframe suggest a choppiness in price, as the are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. TRYJPY’s weekly price action over the past 52 weeks can be seen via the chart below.

TRYJPY: The Monthly View

Clearest trend on the monthly is apparent at the 24 month timeframe.