USD/TRY Down 3 Pips On 4 Hour Chart; in an Uptrend Over Past 90 Days

USD/TRY 4 Hour Price Update

Updated March 25, 2020 01:42 PM GMT (09:42 AM EST)

USD/TRY is down 3 pips (0.01%) since the previous 4 hours (opening the current 4 hour candle near 6.4398), marking the 4th candle in a row it has gone down. Relative to other instruments in the Forex asset class, USD/TRY ranked 21st 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 6.4183, up 127 pips (0.2%) from yesterday. Relative to other instruments in the Forex asset class, USD/TRY ranked 11th yesterday in terms of percentage price change. Below is a price chart of USD/TRY.

USD/TRY Technical Analysis

Notably, 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. Or to simplify this another way, note that out of the past 30 days USD/TRY’s price has gone up 20 them.

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.

The pair followed the world as DXY has crossed beyond the 100 and EM currencies couldn’t resist global dollar demand.So, it’s time to update the labels. We are in yellow wave Y already and it reached the equal distance of wave W. Potentially it could tag the former top at 7.0830where Y will be equal to 1.618 of W.This will complete the wave X (white labels).Then another drop of the dollar could start.