USD/TRY Up 104 Pips On 4 Hour Chart, in an Uptrend Over Past 14 Days; Doji Pattern Appearing on Chart

USD/TRY 4 Hour Price Update

Updated June 22, 2020 01:12 PM GMT (09:12 AM EST)

The back and forth price flow continues for USD/TRY, which started the current 4 hour candle off at 6.8569, up 104 pips 0.15% from the previous 4 hours. Relative to other instruments in the Forex asset class, USD/TRY ranked 12th the previous 4 hours in terms of percentage price change.

USD/TRY End of Day Recap

Updated 00:30 GMT (04:30 EST)

The back and forth price flow continues for USD/TRY, which started today off at 6.842, down 78 pips 0.11% from the previous day. Relative to other instruments in the Forex asset class, USD/TRY ranked 38th the previous day 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 6.802, 6.8802 and 6.7068 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 381.7 pips away. The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. Or to simplify this another way, note that out of the past 14 days USD/TRY’s price has gone up 8 them. And for candlestick traders, a special treat: there is a doji pattern showing up on the charts as well. Rejoice!