USD/TRY Up 34 Pips On 4 Hour Chart, Makes Big Move Relative to Two Week Trend; Price Base in Formation Over Past 14 Days
Volatility for usd/try has been contracting over the past two weeks relative to volatility over the past month.
USDTRY
(Last Updated July 2, 2020)
Welcome to the news page for USDTRY (USDTRY). Below you’ll find our daily market updates. Here’s a technical analysis summary of where things currently stand:
The Trend
On USDTRY, there is currently an uptrend on the 90 and 30 day timeframes.
USDTRY Moving Averages
Nuances in the trend on USDTRY can be understood by observing the behavior of its moving averages. Of the 20, 50, 100, and 200 day averages — three of them (all but the 50) — are bullish, suggesting the trend is generally upward, save for a fall that occurred about 7 weeks ago.
Below is a chart showing USDTRY’s price with its moving averages.
Regarding USDTRY’s correlations over the past 7 days, it has been most correlated with USDNOK. If we zoom out to a two week basis, though, USDMXN is the asset most correlated to USDTRY. Alternatively, TRYJPY has been the asset least correlated with USDTRY — but over the past two weeks, EURJPY has been the asset least correlated with USDTRY. The chart below illustrates USDTRY against its least correlated assets.
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USD/TRY Down 16 Pips On 4 Hour Chart, Makes Big Move Relative to Two Week Trend; Breaks Below 50 Day Average
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.
USD/TRY Down 14 Pips Over Past 4 Hours, 3 Day Up Streak Broken; Eyes 20 and 50 Day Averages
The closest is the 50 day average, which is 105.4 pips away.
USD/TRY Down 1 Pips On 4 Hour Chart, Makes Big Move Relative to Two Week Trend; Moves Down For the 3rd Day In A Row
Relative to other instruments in the forex asset class, usd/try ranked 31st the day prior in terms of percentage price change.
USD/TRY Down 18 Pips On 4 Hour Chart, 2 Day Up Streak Broken; in an Uptrend Over Past 30 Days
For additional context, note that price has gone up 8 out of the past 14 days.
USD/TRY Down 7 Pips in Last 4 Hours, in an Uptrend Over Past 30 Days; is Inching Close to 20 and 50 Day Averages
Volatility for usd/try has been contracting over the past two weeks relative to volatility over the past month.
USD/TRY Down 1 Pips On 4 Hour Chart, Eyes 20 and 50 Day Averages; Pin Bar Pattern Appearing on Chart
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.
USD/TRY Down 29 Pips in Last 4 Hours, in an Uptrend Over Past 14 Days; Doji Pattern Appearing on Chart
Günlük ve haftalık grafiklere bakarsanız orda da sıkışmalar yaşandığını görebilirsiniz.
USD/TRY Down 32 Pips On 4 Hour Chart, Eyes 50 Day Average; Doji and Pin Bar Patterns Appearing on Chart
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.
USD/TRY Up 25 Pips in Last 4 Hours, Came Into Today Down For the 2nd Day In A Row; in an Uptrend Over Past 14 Days
As a trader you should develop and test your own entry protocol.- we never trade just because the price reaches the trading zone.