USD/TRY Up 514 Pips; in an Uptrend Over Past 14 Days

USD/TRY Price Recap

USD/TRY is up 514 pips (0.83%) since yesterday (with its current price near 6.208), marking the 4th day in a row it has gone up. The price move occurred on stronger volume, as measured by the number of tick price changes; specifically, yesterday’s volume was up 5.87% from the day prior, and up 41.2% from the same day the week before. Out of the 40 instruments in the Forex asset class, USD/TRY ended up ranking 9th for the day in terms of day-over-day price change. Let’s take a look at price chart of USD/TRY.

USD/TRY Technical Analysis

The clearest trend exists on the 14 day timeframe, which shows price moving up over that time. Or to simplify this another way, note that out of the past 10 days USD/TRY’s price has gone up 8 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 2 buy signals. Bulls may note that this suggests a buy/sell ratio that is infinite. But, let’s take that with a grain of salt. 🙂 Here’s a piece we found on tradingview.com that we thought you might enjoy.