USD/TRY Down 45 Pips in Last 4 Hours, Moves Up For the 4th Day In A Row; in an Uptrend Over Past 30 Days

USD/TRY 4 Hour Price Update

Updated July 06, 2020 05:06 AM GMT (01:06 AM EST)

USD/TRY entered the current 4 hour candle at 6.8593, down 45 pips (0.07%) from the previous 4 hours. Out of the 37 instruments in the Forex asset class, USD/TRY ended up ranking 26th 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 is up 46 pips (0.07%) since the day prior (opening today near 6.86415), marking the 4th day in a row an increase has occurred. Relative to other instruments in the Forex asset class, USD/TRY ranked 6th the day prior in terms of percentage price change. Below is a price chart of USD/TRY.

USD/TRY Technical Analysis

Coming into today USD/TRY is now close to its 20, 50 and 100 day averages, located at 6.8462, 6.8371 and 6.7908 respectively, and thus may be at a key juncture along those timeframes. 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. The clearest trend exists on the 30 day timeframe, which shows price moving up over that time. Or to simplify this another way, note that out of the past 10 days USD/TRY’s price has gone up 6 them.