USD/TRY Up 90 Pips in Last Hour, Entered Today Up For the 2nd Consecutive Day; in an Uptrend Over Past 30 Days

Hourly Update

(Last Updated June 15, 2022 1:39 GMT)

At the moment, USDTRY’s rate is up 0.9 pips (0.05%) from the hour prior. This is the 2nd straight hour USDTRY has seen its price head up. If you’re a trader with a preference for rangebound markets, you may wish to note that there isn’t a clear trend on the 20, 50 and 100 hour timeframes. 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 100 pips (0.06%) since the day prior (opening today near 17.28918), marking the 2nd consecutive day it has gone up. Compared to its peers in the Forex, USDTRY gave its buyers a return that ranked 20th in terms of percentage change since the day prior. The price chart of USDTRY below illustrates.

USDTRY

USDTRY Technical Analysis

Trend traders will want to observe that the strongest trend appears on the 14 day horizon; over that time period, price has been moving up. For additional context, note that price has gone up 22 out of the past 30 days.