USD/TRY Up 58 Pips On 4 Hour Chart, Came Into Today Down For the 2nd Day In A Row; in an Uptrend Over Past 14 Days

USD/TRY 4 Hour Price Update

Updated April 08, 2020 09:07 PM GMT (05:07 PM EST)

USD/TRY is up 58 pips (0.09%) since the last 4 hour candle (opening the current 4 hour candle near 6.7786), marking the 3rd candle in a row an increase has occurred. Compared to its peers in the Forex, USD/TRY gave its buyers a return that ranked 11th in terms of percentage change since the last 4 hour candle.

USD/TRY End of Day Recap

Updated 00:30 GMT (04:30 EST)

USD/TRY is down 158 pips (0.23%) since the previous day (opening today near 6.737), marking the 2nd day in a row a decrease has occurred. Compared to its peers in the Forex, USD/TRY gave its buyers a return that ranked 36th in terms of percentage change since the previous day. 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 14 day horizon; over that time period, price has been moving up. Or to simplify this another way, note that out of the past 14 days USD/TRY’s price has gone up 9 them.

The View From Around the Web

We’re seeing some traders come out with interesting conviction on USDTRY, with 1 buy signals on our radar and 6 sell signals. This imputes a buy/sell ratio of 0.17, which is quite bearish. As for the rationale, technical traders seem to be citing the appearance of channel and fibonacci technical patterns. Here’s a piece we found on tradingview.com that we thought you might enjoy.