USD/TRY Up 5 Pips in Last Hour, Moves Up For the 2nd Day In A Row; in an Uptrend Over Past 90 Days

Hourly Update

(Last Updated July 20, 2021 2:8 GMT)

At the moment, USDTRY’s rate is up 0.05 pips (0.01%) from the hour prior. This is the 2nd straight hour USDTRY has seen its price head up. Regarding the trend, note that the strongest trend 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 387 pips (0.45%) since yesterday (opening today near 8.5702), marking the 2nd day in a row it has gone up. Relative to other instruments in the Forex asset class, USDTRY ranked 10th yesterday in terms of percentage price change. 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, 50 and 100 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 14 day timeframe, which shows price moving down over that time. Interestingly, a trend in the other direction exists on the 90 day timeframe, where price is headed up. For additional context, note that price has gone up 17 out of the past 30 days.