Home Forex USD/TRY Up 55 Pips in Last 4 Hours, 3 Day Up Streak Snapped; in an Uptrend Over Past 30 Days

USD/TRY Up 55 Pips in Last 4 Hours, 3 Day Up Streak Snapped; in an Uptrend Over Past 30 Days

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USD/TRY 4 Hour Price Update

Updated March 31, 2020 12:53 AM GMT (08:53 PM EST)

USD/TRY is up 55 pips (0.08%) since the previous 4 hours (opening the current 4 hour candle near 6.57767), marking the 6th candle in a row it has gone up. Compared to its peers in the Forex, USD/TRY gave its buyers a return that ranked 13th in terms of percentage change since the previous 4 hours.

USD/TRY End of Day Recap

Updated 00:30 GMT (04:30 EST)

After 3 up days, USD/TRY snaps its streak, falling 366 pips (-0.56%) over the past day to close at an exchange rate of 6.5246. Relative to other instruments in the Forex asset class, USD/TRY ranked 39th yesterday in terms of percentage price change. Below is a price chart of USD/TRY.

USD/TRY Technical Analysis

Coming into today USD/TRY is now close to its 20 day averages, located at 6.4082 respectively, and thus may be at a key juncture along those timeframes. Volatility for USD/TRY has been contracting over the past two weeks relative to volatility over the past month. Whether volatility reverts will be something to watch. Trend traders will want to observe that the strongest trend appears on the 30 day horizon; over that time period, price has been moving up. For additional context, note that price has gone up 19 out of the past 30 days.

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