USD/TRY Down 14 Pips Over Past Hour, Entered Today Up For the 9th Day In A Row; in an Uptrend Over Past 90 Days

Hourly Update

(Last Updated July 29, 2022 1:38 GMT)

At the time of this writing, USDTRY’s rate is down -0.14 pips (-0.01%) from the hour prior. This move is a reversal from the hour prior, which saw price move up. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 hour timeframe. The moving averages on the hourly 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.

USDTRY End of Day Recap

Updated 00:30 GMT (04:30 EST)

USDTRY is up 710 pips (0.4%) since yesterday (opening today near 17.95119), marking the 9th day in a row an increase has occurred. Compared to its peers in the Forex, USDTRY gave its buyers a return that ranked 2nd in terms of percentage change since yesterday. The price chart of USDTRY below illustrates.

USDTRY

USDTRY Technical Analysis

The clearest trend exists on the 90 day timeframe, which shows price moving up over that time. Or to simplify this another way, note that out of the past 30 days USDTRY’s price has gone up 21 them.