USD/TRY Down 430 Pips in Last 4 Hours, Outperforms All Forex; in an Uptrend Over Past 30 Days

USD/TRY 4 Hour Price Update

Updated April 03, 2020 12:53 AM GMT (08:53 PM EST)

USD/TRY is down 430 pips (0.65%) since the previous 4 hours (opening the current 4 hour candle near 6.61418), marking the 3rd candle in a row it has gone down. Those trading within the Forex asset class should know that USD/TRY was the worst performer in the class.

USD/TRY End of Day Recap

Updated 00:30 GMT (04:30 EST)

The choppiness in the recent daily price action of USD/TRY continues; to start today, it came in at a price of 6.6812, up 869 pips (1.32%) since the day prior. For context, observe that the day prior was noteworthy in the sense that USD/TRY bested all 40 of the assets in the Forex class. Let’s take a look at price chart of USD/TRY.

USD/TRY Technical Analysis

Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving up. For additional context, note that price has gone up 10 out of the past 14 days.