USD/TRY Down 4 Pips Over Past 4 Hours, in an Uptrend Over Past 90 Days; Pin Bar Pattern Appearing on Chart

USD/TRY 4 Hour Price Update

Updated May 21, 2020 05:09 PM GMT (01:09 PM EST)

USD/TRY, which opened the current 4 hour candle priced near 6.7984, is down 4 pips 0.01% since the previous 4 hours, marking a reversal from the candle prior — and the end of a 3 four-hour candle positive run. Compared to its peers in the Forex, USD/TRY gave its buyers a return that ranked 17th in terms of percentage change since the previous 4 hours.

USD/TRY End of Day Recap

Updated 00:30 GMT (04:30 EST)

The back and forth price flow continues for USD/TRY, which started today off at 6.77726, down 125 pips 0.18% from yesterday. Compared to its peers in the Forex, USD/TRY gave its buyers a return that ranked 39th in terms of percentage change since yesterday. Below is a price chart of USD/TRY.

USD/TRY Technical Analysis

Notably, USD/TRY is now close to its 50 day averages, located at 6.848 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 down over that time. It should be noted, though, that a trend in the opposite direction, going up, exists on the 90 day timeframe. For additional context, note that price has gone down 10 out of the past 14 days. Oh, and one last thing: if you trade off of candlesticks, note that we’re seeing pin bar pattern appearing here.

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 that we thought you might enjoy.