USD/TRY 4 Hour Price Update
Updated June 29, 2020 09:09 PM GMT (05:09 PM EST)
The back and forth price flow continues for USD/TRY, which started the current 4 hour candle off at 6.8548, down 7 pips 0.01% from the previous 4 hours. Relative to other instruments in the Forex asset class, USD/TRY ranked 22nd the previous 4 hours in terms of percentage price change.
USD/TRY End of Day Recap
Updated 00:30 GMT (04:30 EST)
The back and forth price flow continues for USD/TRY, which started today off at 6.84685, down 38 pips 0.05% from the day prior. Out of the 40 instruments in the Forex asset class, USD/TRY ended up ranking 38th for the day in terms of price change. Here is a price chart of USD/TRY.
USD/TRY Technical Analysis
Coming into today the current price of USD/TRY is sitting close to its 20, 50 and 100 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. 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. The closest is the 50 day average, which is 176.7 pips away. Volatility for USD/TRY has been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving up. Or to simplify this another way, note that out of the past 14 days USD/TRY’s price has gone up 7 them.