USD/TRY Up 94 Pips in Last 4 Hours; in an Uptrend Over Past 14 Days

USD/TRY 4 Hour Price Update

Updated June 18, 2020 09:06 AM GMT (05:06 AM EST)

USD/TRY is up 94 pips (0.14%) since the previous 4 hours (opening the current 4 hour candle near 6.8575), marking the 2nd candle in a row an increase has occurred. Out of the 37 instruments in the Forex asset class, USD/TRY ended up ranking 7th for the four-hour candle in terms of price change.

USD/TRY End of Day Recap

Updated 00:30 GMT (04:30 EST)

USD/TRY entered today at 6.84102, up 79 pips (0.12%) from the previous day. Out of the 40 instruments in the Forex asset class, USD/TRY ended up ranking 9th for the day in terms of price change. Below is a price chart of USD/TRY.

USD/TRY Technical Analysis

Notably, USD/TRY is now close to its 20, 50 and 100 day averages, located at 6.7939, 6.8866 and 6.6854 respectively, and thus may be at a key juncture along those timeframes. 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 455.5 pips away. The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. For additional context, note that price has gone up 6 out of the past 10 days.

The View From Around the Web

Not much in terms quality buy/sell signals we’re seeing for USDTRY; just 0 sell signals and 1 buy signals. Bulls may note that this suggests a buy/sell ratio that is infinite. But, let’s take that with a grain of salt. 🙂 Here’s a piece we found on tradingview.com; below is a short snippet from it to give you a taste.

usdtry broked the resistance zone and seeing for a retest…….