USD/TRY Up 19 Pips in Last Hour, Moves Up For the 3rd Consecutive Day; in an Uptrend Over Past 90 Days

Hourly Update

(Last Updated May 10, 2022 1:38 GMT)

Currently, USDTRY’s rate is up 0.19 pips (0.01%) from the hour prior. This is the 3rd straight hour USDTRY has seen its price head up. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 100 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 1686 pips (1.13%) since the previous day (opening today near 15.10331), marking the 3rd consecutive day it has gone up. Compared to its peers in the Forex, USDTRY gave its buyers a return that ranked 10th in terms of percentage change since the previous day. Here is a price chart of USDTRY.

USDTRY

USDTRY Technical Analysis

Coming into today the current price of USDTRY is sitting close to its 20 day moving averages; moving average crosses often indicate a change in momentum, so this may be worth keeping an eye on. The clearest trend exists on the 90 day timeframe, which shows price moving up over that time. Or to simplify this another way, note that out of the past 10 days USDTRY’s price has gone up 7 them.

The View From Around the Web

Not much in terms quality buy/sell signals we’re seeing for USDTRY; just 0 sell signals and 1 buy signals. Bulls may note that this suggests a buy/sell ratio that is infinite. But, let’s not get carried away with that idea just yet. 🙂 Here’s a piece we found on tradingview.com; below is a short snippet from it to give you a taste.

its in strong bulltrendthats forecast for try and for ling period it can move like this