USD/TRY Up 514 Pips; in an Uptrend Over Past 90 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. Here is a 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 3 buy signals. This imputes a buy/sell ratio that’s infinite! But, let’s take that with a grain of salt. ­čÖé Here’s a piece we found on tradingview.com; below is a short snippet from it to give you a taste.

Teknik bir analiz de─čildir. Kamu bankalar─▒nca ve merkez bankas─▒ arac─▒l─▒─č─▒yla m├╝dahale edilen bir enstr├╝man i├žin ├žok konu┼čmak zor.28 ┼×ubat 2020 itibariyle Merkez Bankas─▒’n─▒n y─▒l sonu dolar kuru tahmini 6,5000TL. Ancak piyasa b├Âyle demiyor.Borsa ─░stanbul Vadeli ─░┼člem ve Opsiyon Piyasalar─▒nda:F_USDTRY ┼×ubat Kontrat─▒: 6,2313F_USDTRY Mart Kontrat─▒: 6,3145F_USDTRY Nisan Kontrat─▒: 6,3707F_USDTRY Haziran Kontrat─▒: 6,5070F_USDTRY Eyl├╝l Kontrat─▒: 6,6349F_USDTRY Aral─▒k Kontrat─▒: 6,8500B├ľLGESEL OLARAK: T├╝rkiye’nin ├Ân├╝nde atlatmas─▒ gereken ├žok fazla kriz var. Merkez Bankas─▒ net d├Âviz rezervi gittik├že azalmakta. 2018 krizi benzeri bir krizin olmamas─▒ i├žin hi├žbir neden yok. Makroekonomik g├Âstergelerde ne kadar 2018 krizine g├Âre d├╝zelme e─čilimleri olsa da ciddi problemler var. D├ťNYA ├çAPINDA: Bu yaz─▒y─▒ yazd─▒─č─▒m tarih itibariyle d├╝nyada genel bir panik durumu var. Amerika borsalar─▒nda 6 trilyon dolardan fazla kay─▒p var. Finan sekt├Âr├╝ ├žok b├╝y├╝k s─▒k─▒nt─▒ i├žerisinde. D├╝nyada d├╝┼č├╝k faiz trendi devam ediyor. Petrol korona vir├╝s├╝ sebebiyle inan─▒lmaz d├╝┼čt├╝, alt─▒n u├žtu. Borsa ─░stanbul’da ciddi kay─▒plar var. En iyi ihtimalde y─▒l sonu dolar kurunu iyimser olarak 6,85TL bekliyorum. Umar─▒m yan─▒l─▒r─▒m.Yat─▒r─▒m tavsiyesi de─čildir.