USDTRY Up 110 Pips On Hourly Chart; Moves Up For the 5th Consecutive Day

Hourly Update

(Last Updated November 15, 2021 18:15 GMT)

At the time of this writing, USDTRY’s rate is up 1.1 pips (0.11%) from the hour prior. It’s been a feast for bulls operating on an hourly timeframe, as USDTRY has now gone up 4 of the past 5 hours. Regarding the trend, note that the strongest trend exists on the 50 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)

USDTRY is up 603 pips (0.6%) since the previous day (opening today near 10.03539), marking the 5th consecutive day it has gone up. Relative to other instruments in the Forex asset class, USDTRY ranked 2nd the previous day in terms of percentage price change. Below is a price chart of USDTRY.

USDTRY

USDTRY Technical Analysis

The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. For additional context, note that price has gone up 10 out of the past 14 days.