USD/TRY Down 52 Pips in Last 4 Hours, Moves Up For the 2nd Day In A Row; Eyes 20, 50 and 100 Day Averages

USD/TRY 4 Hour Price Update

Updated July 27, 2020 09:10 PM GMT (05:10 PM EST)

USD/TRY, which opened the current 4 hour candle priced near 6.8618, is down 52 pips 0.08% since the last 4 hour candle, marking a reversal from the candle prior — and the end of a 3 four-hour candle positive run. Out of the 37 instruments in the Forex asset class, USD/TRY ended up ranking 26th for the four-hour candle in terms of price change.

USD/TRY End of Day Recap

Updated 00:30 GMT (04:30 EST)

USD/TRY is up 8 pips (0.01%) since yesterday (opening today near 6.84539), marking the 2nd day in a row it has gone up. Compared to its peers in the Forex, USD/TRY gave its buyers a return that ranked 29th in terms of percentage change since yesterday. Below is a price chart of USD/TRY.

USD/TRY

USD/TRY Technical Analysis

Notably, USD/TRY is now close to its 20, 50 and 100 day averages, located at 6.8514, 6.8312 and 6.8593 respectively, and thus may be at a key juncture along those timeframes. As for the alignment of the moving averages, well, it’s a bit mixed up; the 20, 50, 100, and 200 do not progress from largest to smallest, or vice versa. The closest is the 20 day average, which is 59.8 pips away. Or to simplify this another way, note that out of the past 30 days USD/TRY’s price has gone up 18 them.

The View From Around the Web

Not much in terms quality buy/sell signals we’re seeing for USDTRY; just 0 sell signals and 2 buy signals. This imputes a buy/sell ratio that’s infinite! But, let’s take that with a grain of salt. 🙂 Here’s a piece we found on tradingview.com that we thought you might enjoy.