USD/TRY Up 157 Pips; in an Uptrend Over Past 90 Days

USD/TRY Price Recap

USD/TRY is up 157 pips (0.26%) since yesterday (with its current price near 6.1566), marking the 3rd day in a row an upward move has occurred. The price move occurred on volume — and we’re using the number of tick price changes as a proxy for volume — that was down 6.08% from the day prior, but up 165.32% from the same day the week before. Out of the 40 instruments in the Forex asset class, USD/TRY ended up ranking 12th for the day in terms of day-over-day price change. Here is a price chart of USD/TRY.

USD/TRY Technical Analysis

Notably, USD/TRY is now close to its 20 day averages, located at 6.0406 respectively, and thus may be at a key juncture along those timeframes. 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 21 out of the past 30 days.

The View From Around the Web

Not much commentary on USDTRY that we’re finding noteworthy here; are y’all just scared to put out an opinion? 🙂 Here’s a piece we found on that we thought you might enjoy.