TRY/JPY Up 4 Pips in Last 4 Hours, Underperforms All Forex; in a Downtrend Over Past 30 Days

TRY/JPY 4 Hour Price Update

Updated March 27, 2020 09:09 PM GMT (05:09 PM EST)

TRY/JPY is up 4 pips (0.21%) since the last 4 hour candle (opening the current 4 hour candle near 17.087), marking the 2nd candle in a row it has gone up. Out of the 40 instruments in the Forex asset class, TRY/JPY ended up ranking 17th for the four-hour candle in terms of price change.

TRY/JPY End of Day Recap

Updated 00:30 GMT (04:30 EST)

TRY/JPY is down 17 pips (1%) since the day prior (opening today near 16.885846301247), marking the 2nd day in a row a decline has happened. Those trading within the Forex asset class should know that TRY/JPY was the worst performer in the class. Below is a price chart of TRY/JPY.

TRY/JPY Technical Analysis

First things first: TRY/JPY crossed below its 20 day moving average yesterday. Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving down. For additional context, note that price has gone up 6 out of the past 10 days.