USD/TRY Heads Up For the 3rd Day In A Row; in an Uptrend Over Past 30 Days

USD/TRY Price Recap

USD/TRY is up 531 pips (0.86%) since yesterday (with its current price near 6.2091), marking the 3rd day in a row it has gone up. This move happened on fewer tick price changes which may be a proxy for volume, as yesterday’s total tick count was down 0.08% from the day before — and down 37.75% from the same day the week before. Out of the 40 instruments in the Forex asset class, USD/TRY ended up ranking 5th for the day in terms of day-over-day price change. Here 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 90 day timeframe, which shows price moving up over that time. For additional context, note that price has gone up 9 out of the past 14 days.