USD/TRY Up 15 Pips in Last Hour, Moves Down For the 3rd Straight Day; Crosses 50 Day Moving Average
It should be noted, though, that a trend in the opposite direction, going down, exists on the 14 day timeframe.
USDTRY
(Last Updated April 15, 2021)
Hello! This is the news page for 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 |
|---|---|---|---|---|---|---|---|
| Turkey TCMB Interest Rate Decision | 2021 | Turkish Lira | TRY | 2021-04-15 | 11:00 GMT | 19% | 19% |
| United States Philadelphia Fed Manufacturing Index | Apr 2021 | US Dollar | USD | 2021-04-15 | 12:30 GMT | 42 | 50.2 |
| United States NY Empire State Manufacturing Index | Apr 2021 | US Dollar | USD | 2021-04-15 | 12:30 GMT | 19.5 | 26.3 |
| United States Retail Sales MoM | Mar 2021 | US Dollar | USD | 2021-04-15 | 12:30 GMT | 5.9% | 9.8% |
| United States Retail Sales Ex Autos MoM | Mar 2021 | US Dollar | USD | 2021-04-15 | 12:30 GMT | 5% | 8.4% |
The Trend
A trend/countertrend situation exists on USDTRY, in which a downtrend exists on shorter timeframes but an uptrend appears on the 90 and 30 day timeframes. The countertrend on the shorter timeframe may provide an opportunity to buy for those interested in playing the longer term trend.
USDTRY Moving Averages
The moving averages on USDTRY indicate a trend that is clearly bullish.
The chart below illustrates.
In terms of correlations over the past week for USDTRY, it has been most correlated with USDZAR. USDZAR is the asset with which USDTRY has been most correlated with over the past two weeks as well, so this may be a structural correlation in the market. On the flip side, GBPNZD has been the asset least correlated with USDTRY — but if we observe the prior two weeks, the asset least correlated with USDTRY has been EURCHF. See the chart below to observe the recent price action in USDTRY versus those of assets it hasn’t been well correlated with.
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The View From the Weekly Timeframe
At the time of this writing, USDTRY’s rate is down -8.52 pips (-1.04%) from the week prior. Moreover, note that this is the 2nd week in a row USDTRY has seen its price head 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. The weekly chart below shows USDTRY’s price action over the past year.
USDTRY: The Monthly View
Clearest trend on the monthly is apparent at the 120 month timeframe.
USDTRY Up 23 Pips Over Past Hour, Moves Down For the 4th Day In A Row; in an Uptrend Over Past 90 Days
Compared to its peers in the forex, usdtry gave its buyers a return that ranked 26th in terms of percentage change since yesterday.
USDTRY Up 15 Pips On Hourly Chart, Makes Big Move Relative to Two Week Trend; Eyes 50 Day Average
Or to simplify this another way, note that out of the past 10 days usdtry’s price has gone up 5 them.
USDTRY Up 16 Pips Over Past Hour; in an Uptrend Over Past 90 Days
The clearest trend exists on the 90 day timeframe, which shows price moving up over that time.
USDTRY Down 3 Pips On Hourly Chart; Nears 20 Day Moving Average
Price action traders may also wish to note that we see a doji candlestick pattern on usdtry.
USDTRY Up 15 Pips in Last Hour, in an Uptrend Over Past 90 Days; Nears 20 Day Moving Average
Compared to its peers in the forex, usdtry gave its buyers a return that ranked 13th in terms of percentage change since the day prior.
USDTRY Up 5 Pips On Hourly Chart, in an Uptrend Over Past 90 Days; Nears 20 Day Moving Average
Price action traders may also wish to note that we see a pin bar candlestick pattern on usdtry.
USDTRY Up 9 Pips On Hourly Chart, 2 Day Up Streak Broken; Doji Pattern Appearing on Chart
Price action traders may also wish to note that we see a doji candlestick pattern on usdtry.
USDTRY Down 2 Pips On Hourly Chart; Pin Bar Pattern Appearing on Chart
Compared to its peers in the forex, usdtry gave its buyers a return that ranked 34th in terms of percentage change since the previous day.
USDTRY Up 66 Pips Over Past Hour
Regarding the trend, note that the strongest trend exists on the 20 hour timeframe.