country flagالعربية
0
0

USD/TRY Daily Technical Analysis | 27 December 2017

2017-12-27 08:26 am | Resource: Technical Analysis Section | No Views : 184

USD/TRY to test the broken bullish trend line during yesterday's trading and failed to breach the 3.7580 level and currently trades in the higher areas of 3.7928.

USD/TRY Daily Technical Analysis | 27 December 2017

Our neutral view on the price of the pair as a result of the lack of confirmation of breaking the bullish trend line which we mentioned during the report yesterday, and the simple moving average 20, neutral signal due to interference with the movement of the pair.
RSI 14 is trading in a bearish trend in formation and currently a positive technical divergence is appearing in the configuration on the hourly interval.
It is expected that, if the pair breaks against the Turkish currency level of 3.7837 may target 3.7525 while, if the breach of the level of 3.8075 may target 3.8268.
Support: 3.7928- 3.7525 - 3.7005
Resistance: 3.8075 - 3.8424 - 3.9003
Trend: Down


Other news

Dollar gained and Euro weakened as Pound mixed during Monday

The dollar rose and the euro weakened as the pound traded mixed in European trade as traders awaited the new Brexit and trade war after US Commerce Secretary Wilbur Ross said on Monday that a "correct" trade deal with China was more important than signing in November. Ross: China's deal should be right, not quick The comments come after President Donald Trump said the "first phase" deal should be "easy…

More news

Best trading brokers

All Rights Reserved
Risk Disclaimer: Trading in foreign exchange market (Forex) includes the risks and the possibility of loss. That is why we are keen on providing the highest quality news and analysis concerning the different markets traded. The opinions expressed in the site indicate the opinion of the author only and not the views of the administration or the public, knowing that errors could be encountered and there is a possibility to commit them. Before starting to trade you should carefully consider your investment objectives, and review the level of experience and risk appetite. In some cases, possible high leverage can lead to loss of funds invested, so you can not invest money that you can not handle its possible loss. You should be aware of all the risks associated with foreign exchange trading and seek for advices from an independent financial advisor if you have any doubts.TradingPekk.com does not assume any responsibility after the occurrence of financial loss to the dealer and the user carries full responsibility for the losses resulting from the use of news, analysis and data on the site.