USD/TRY 4 Hour Price Update
Updated June 26, 2020 01:08 PM GMT (09:08 AM EST)
The choppiness in the recent four-hour candle price action of USD/TRY continues; to start the current 4 hour candle, it came in at a price of 6.8556, down 1 pips (0%) since the previous 4 hours. Relative to other instruments in the Forex asset class, USD/TRY ranked 13th the previous 4 hours in terms of percentage price change.
USD/TRY End of Day Recap
Updated 00:30 GMT (04:30 EST)
USD/TRY entered today at 6.85071, down 3 pips (0%) from the previous day. Compared to its peers in the Forex, USD/TRY gave its buyers a return that ranked 33rd in terms of percentage change since the previous day. The price chart of USD/TRY below illustrates.
USD/TRY Technical Analysis
Notably, USD/TRY is now close to its 20, 50 and 100 day moving averages, which may act as price barrier for the asset. 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 196.8 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. 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 17 out of the past 30 days. And for candlestick traders, a special treat: there is a pin bar pattern showing up on the charts as well. Rejoice!
The View From Around the Web
Not much commentary on USDTRY that we’re finding noteworthy here; guess people aren’t watching this one :). Here’s a piece we found on tradingview.com; below is a short snippet from it to give you a taste.
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