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USDTRY

(Last Updated February 24, 2021)

Welcome to the news page for USDTRY (USDTRY). Below you’ll find our daily market updates. Here’s a technical and fundamental summary of where things currently stand:

Forex Calendar for USDTRY

metric_name reference_period asset_name asset_id date time forecast outcome
United States New Home Sales MoM Jan 2021 US Dollar USD 2021-02-24 15:00 GMT 2.1%
United States New Home Sales Jan 2021 US Dollar USD 2021-02-24 15:00 GMT 0.855M
United States Fed Chair Powell Testimony NA US Dollar USD 2021-02-24 15:00 GMT
United States Fed Brainard Speech NA US Dollar USD 2021-02-24 15:30 GMT
United States EIA Refinery Crude Runs Change 19/Feb 2021 US Dollar USD 2021-02-24 15:30 GMT

The Trend

On USDTRY, there is currently a downtrend on the 90 and 30 day timeframes.

USDTRY Moving Averages

The moving averages on USDTRY summarize its price action in an interesting way. Of the 20, 50, 100, and 200 day averages — three of them (all but the 200) — are bearish, implying a downward trend, save for a spike that occurred about 6 months ago.

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

In terms of correlations over the past week for USDTRY, it has demonstrated the strongest correlation with EURTRY. If we zoom out to a two week basis, though, the asset showing the strongest correlation to USDTRY is TRYJPY. Alternatively, the asset least correlated with USDTRY over the past week has been USDNOK, but over the past two weeks, the asset least correlated with USDTRY has been AUDUSD. The chart below illustrates USDTRY against its least correlated assets.

.

The View From the Weekly Timeframe

Currently, USDTRY’s rate is up 14.33 pips (2.06%) from the week prior. USDTRY has seen its price go down 4 out of the past 5 weeks, thus creating some compelling opportunities for bears. If you’re a trend trader, consider that the strongest clear trend on the weekly chart exists on the 20 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. The weekly chart below shows USDTRY’s price action over the past year.

USDTRY: The Monthly View

Strongest trend on the 24 month timeframe.

USDTRY Down 101 Pips On Hourly Chart, Underperforms All Forex; 2 Day Up Streak Snapped

Categories Forex News Tags USDTRY
February 16, 2021February 15, 2021

Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving down.

USDTRY Down 1 Pips in Last Hour, Came Into Today Up For the 2nd Straight Day; in a Downtrend Over Past 14 Days

Categories Forex News Tags USDTRY
February 15, 2021February 12, 2021

This move is a reversal from the hour prior, which saw price move up.

USDTRY Down 133 Pips in Last Hour, Moves Down For the 3rd Consecutive Day; in a Downtrend Over Past 14 Days

Categories Forex News Tags USDTRY
February 12, 2021February 11, 2021

If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 hour timeframe.

USDTRY Down 8 Pips Over Past Hour, 2 Day Up Streak Snapped; in a Downtrend Over Past 30 Days

Categories Forex News Tags USDTRY
February 11, 2021February 10, 2021

Given that we see an uptrend on the 10 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting.

USDTRY Down 2 Pips Over Past Hour, Entered Today Up For the 2nd Day In A Row; in a Downtrend Over Past 14 Days

Categories Forex News Tags USDTRY
February 10, 2021February 9, 2021

Or to simplify this another way, note that out of the past 30 days usdtry’s price has gone down 18 them.

USDTRY Down 38 Pips Over Past Hour, in a Downtrend Over Past 90 Days; Pin Bar Pattern Appearing on Chart

Categories Forex News Tags USDTRY
February 9, 2021February 5, 2021

The closest is the 20 day average, which is 2299.5 pips away.

USDTRY Down 153 Pips Over Past Hour, Entered Today Down For the 2nd Straight Day; in a Downtrend Over Past 14 Days

Categories Forex News Tags USDTRY
February 5, 2021February 4, 2021

It’s been a feast for bears operating on an hourly timeframe, as usdtry has now gone down 4 of the past 5 hours.

USDTRY Down 60 Pips On Hourly Chart, 4 Day Down Streak Snapped; in a Downtrend Over Past 14 Days

Categories Forex News Tags USDTRY
February 3, 2021February 3, 2021

The clearest trend exists on the 14 day timeframe, which shows price moving down over that time.

USDTRY Up 62 Pips Over Past Hour, 4 Day Down Streak Snapped; in a Downtrend Over Past 14 Days

Categories Forex News Tags USDTRY
February 3, 2021February 1, 2021

Or to simplify this another way, note that out of the past 14 days usdtry’s price has gone down 9 them.

USDTRY Up 19 Pips On Hourly Chart, Moves Down For the 3rd Consecutive Day; in a Downtrend Over Past 14 Days

Categories Forex News Tags USDTRY
February 1, 2021January 29, 2021

Price action traders may also wish to note that we see a pin bar candlestick pattern on usdtry.

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