USD/TRY Down 291 Pips Over Past Hour, Moves Up For the 9th Day In A Row; in an Uptrend Over Past 14 Days

Hourly Update

(Last Updated November 19, 2021 1:39 GMT)

At the time of this writing, USDTRY’s rate is down -2.91 pips (-0.26%) from the hour prior. It’s been a feast for bulls operating on an hourly timeframe, as USDTRY has now gone up 4 of the past 5 hours. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 hour timeframe. The moving averages on the hourly timeframe suggest a choppiness in price, as the are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders.

USDTRY End of Day Recap

Updated 00:30 GMT (04:30 EST)

USDTRY is up 3832 pips (3.61%) since yesterday (opening today near 10.9935), marking the 9th day in a row it has gone up. Out of the 39 instruments in the Forex asset class, USDTRY ended up ranking 2nd for the day in terms of price change. Below is a price chart of USDTRY.

USDTRY

USDTRY Technical Analysis

Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving up. For additional context, note that price has gone up 9 out of the past 10 days.