USD/TRY Up 1586 Pips Over Past Hour, Came Into Today Up For the 5th Day In A Row; in an Uptrend Over Past 90 Days

Hourly Update

(Last Updated December 20, 2021 1:36 GMT)

At the time of this writing, USDTRY’s rate is up 15.86 pips (0.95%) 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 2872 pips (1.75%) since the previous day (opening today near 16.68539), marking the 5th day in a row an increase has occurred. Compared to its peers in the Forex, USDTRY gave its buyers a return that ranked 2nd in terms of percentage change since the previous day. Here is a price chart of USDTRY.

USDTRY

USDTRY Technical Analysis

Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving up. Or to simplify this another way, note that out of the past 30 days USDTRY’s price has gone up 21 them.