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USD/TRY Daily Technical Analysis | 3 October 2017

2017-10-03 11:15 am | Resource: Technical Analysis Section | No Views : 164

USD/TRY failed to breach the 3.5766 level during yesterday's trading due to weak buyers' resolve and is currently trying to breach it again.

USD/TRY  Daily Technical Analysis | 3 October 2017

USD/TRY is trading in a bullish trend, and the simple moving average 20 represents a support level so far.
The RSI 14 is still trading in a bearish direction over the hourly interval and the bull force is showing a high level of 50 and the ADX indicator is positively cross and rises to show the strength of bulls in the pair.
 It is expected that, if USD breached against TRY, the level of 3.5766 might target the level of 3.6014 while in the case of breaking the level of 3.5602 may target the level of 3.5391.
Support: 3.5495 -3.5314 -3.5115
Resistance: 3.5766- 3.6014 - 3.6253
trend: Up

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