USD/TRY Down 37 Pips On Hourly Chart, 4 Day Up Streak Broken; in an Uptrend Over Past 14 Days

Hourly Update

(Last Updated June 13, 2022 1:36 GMT)

At the moment, USDTRY’s rate is down -0.37 pips (-0.02%) from the hour prior. The hourly chart shows that USDTRY has seen 2 straight down hours. As for the trend on the hourly timeframe, we see the clearest trend 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)

A moment of silence, please, for the end of USDTRY’s 4 day up streak; price ended the previous day down 1160 pips (-0.67%) to finish the day at a rate of 17.12747. Relative to other instruments in the Forex asset class, USDTRY ranked 25th the previous day in terms of percentage price change. Let’s take a look at price chart of USDTRY.

USDTRY

USDTRY Technical Analysis

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 11 out of the past 14 days. And for candlestick traders, a special treat: there is a pin bar pattern showing up on the charts as well. Rejoice!