USD/TRY Down 22 Pips On 4 Hour Chart, Moves Down For the 4th Day In A Row; Nears 20 Day Moving Average

USD/TRY 4 Hour Price Update

Updated May 13, 2020 01:07 AM GMT (09:07 PM EST)

USD/TRY entered the current 4 hour candle at 6.9967, down 22 pips (0.03%) from the last 4 hour candle. Compared to its peers in the Forex, USD/TRY gave its buyers a return that ranked 19th 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 42 pips (0.06%) since the previous day (opening today near 6.99063), marking the 4th day in a row it has gone down. Out of the 40 instruments in the Forex asset class, USD/TRY ended up ranking 33rd for the day in terms of price change. Below is a price chart of USD/TRY.

USD/TRY Technical Analysis

Coming into today USD/TRY is now close to its 20 day moving averages, which may act as price barrier for the asset. Trend traders will want to observe that the strongest trend appears on the 90 day horizon; over that time period, price has been moving up. Or to simplify this another way, note that out of the past 10 days USD/TRY’s price has gone up 5 them. Oh, and one last thing: if you trade off of candlesticks, note that we’re seeing pin bar pattern appearing here.