USD/TRY Down 255 Pips in Last 4 Hours; in an Uptrend Over Past 30 Days

USD/TRY 4 Hour Price Update

Updated March 27, 2020 12:53 AM GMT (08:53 PM EST)

USD/TRY is down 255 pips (0.4%) since the previous 4 hours (opening the current 4 hour candle near 6.39087), marking the 2nd candle in a row a decrease has occurred. Compared to its peers in the Forex, USD/TRY gave its buyers a return that ranked 37th in terms of percentage change since the previous 4 hours.

USD/TRY End of Day Recap

Updated 00:30 GMT (04:30 EST)

USD/TRY entered today at 6.4711, up 805 pips (1.26%) from the day prior. Compared to its peers in the Forex, USD/TRY gave its buyers a return that ranked 3rd in terms of percentage change since the day prior. Below is a price chart of USD/TRY.

USD/TRY Technical Analysis

The first thing we should note is that the current price of USD/TRY is sitting close to its 20 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. The clearest trend exists on the 30 day timeframe, which shows price moving up over that time. For additional context, note that price has gone up 9 out of the past 14 days.

The View From Around the Web

We’re seeing some traders come out with interesting conviction on USDTRY, with 0 buy signals on our radar and 4 sell signals. This imputes a buy/sell ratio of 0, which is quite bearish. Here’s a piece we found on tradingview.com; below is a short snippet from it to give you a taste.

Definetly a short… but im not so short if we pulled back up enough… will see what happens