USD/TRY Up 939 Pips; in an Uptrend Over Past 14 Days

USD/TRY Price Recap

USD/TRY is up 939 pips (1.48%) since yesterday (with its current price near 6.42427), marking the 6th day in a row an upward move has occurred. This move happened on fewer tick price changes which may be a proxy for volume, as yesterday’s total tick count was down 10.76% from the day before — and down 4.48% from the same day the week before. Relative to other instruments in the Forex asset class, USD/TRY ranked 9th yesterday in terms of percentage price change. Let’s take a look at price chart of USD/TRY.

USD/TRY 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. Or to simplify this another way, note that out of the past 10 days USD/TRY’s price has gone up 7 them.

The View From Around the Web

Not much commentary on USDTRY that we’re finding noteworthy here; guess people aren’t watching this one :). Here’s a piece we found on tradingview.com that we thought you might enjoy.