USD/TRY Up 25 Pips in Last 4 Hours, 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 June 23, 2020 01:09 PM GMT (09:09 AM EST)

USD/TRY is up 25 pips (0.04%) since the last 4 hour candle (opening the current 4 hour candle near 6.8582), marking the 5th candle in a row it has gone up. Relative to other instruments in the Forex asset class, USD/TRY ranked 16th the last 4 hour candle in terms of percentage price change.

USD/TRY End of Day Recap

Updated 00:30 GMT (04:30 EST)

USD/TRY is down 36 pips (0.05%) since yesterday (opening today near 6.83646), marking the 2nd day in a row a decline has happened. Compared to its peers in the Forex, USD/TRY gave its buyers a return that ranked 32nd in terms of percentage change since yesterday. Below is a price chart of USD/TRY.

USD/TRY Technical Analysis

Coming into today the current price of USD/TRY is sitting close to its 20, 50 and 100 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. 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 336.7 pips away. The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. Or to simplify this another way, note that out of the past 14 days USD/TRY’s price has gone up 7 them.

The View From Around the Web

Not much commentary on USDTRY that we’re finding noteworthy here; guess people aren’t watching this one :). Here’s a piece we found on tradingview.com; below is a short snippet from it to give you a taste.

USDTRY is moving sideways for a while but buyers demand the breakout, sellers does not have enough reasons to fight back.So if we see a breakout, the wise thing to do is to follow along.Like and comment if you find value in our analysis.Feel free to post your ideas and questions at the comments section.Good luckNOTES:- All trades are executed with a valid signal of our own. As a trader you should develop and test your own entry protocol.- We never trade just because the price reaches the trading zone. This also means that not every idea is a valid trade.- Our analysis are trading ideas not trading signals for you. Therefore questions about the status of the trade, stop loss, take profit levels won’t help your progress to be a better trader.- Instead of trying to take this trade and win small profits, focus on the analysis and how to create your own trading style.Best Regards.