USD/TRY Down 281 Pips; in an Uptrend Over Past 14 Days

USD/TRY Price Recap

USD/TRY, currently priced near 6.3962, is down 281 pips 0.44% since yesterday, marking a reversal from the day prior — and the end of a 6 day positive run. This move happened on fewer tick price changes which may be a proxy for volume, as yesterday’s total tick count was down 2.73% from the day before — and down 68.36% from the same day the week before. Out of the 40 instruments in the Forex asset class, USD/TRY ended up ranking 29th for the day in terms of day-over-day price change. Let’s take a look at price chart of USD/TRY.

USD/TRY Technical Analysis

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 10 days USD/TRY’s price has gone up 7 them.

The View From Around the Web

Not much in terms quality buy/sell signals we’re seeing for USDTRY; just 0 sell signals and 2 buy signals. Bulls may note that this suggests a buy/sell ratio that is infinite. But, let’s not get carried away with that idea just yet. 🙂 Here’s a piece we found on tradingview.com; below is a short snippet from it to give you a taste.

USDTRY Monthly Long PredictionTP1: 6.87141TP2: 7.95781TP3: 9.05803This is not investment adviceObviously I do not use sl , adjust according to your own account