USD/TRY Up 83 Pips in Last Hour; Moves Up For the 5th Consecutive Day

Hourly Update

(Last Updated November 15, 2021 1:36 GMT)

At the moment, USDTRY’s rate is up 0.83 pips (0.08%) from the hour prior. It’s been a feast for bulls operating on an hourly timeframe, as USDTRY has now gone up 4 of the past 5 hours. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 20 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 603 pips (0.6%) since the day prior (opening today near 10.03539), marking the 5th consecutive day it has gone up. Out of the 39 instruments in the Forex asset class, USDTRY ended up ranking 2nd for the day in terms of price change. Here is a price chart of USDTRY.

USDTRY

USDTRY 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 14 days USDTRY’s price has gone up 10 them.