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USD/TRY Daily Technical Analysis | 30 January 2018

2018-01-30 06:19 am | Resource: Technical Analysis Section | No Views : 285

USD/TRY was the target mentioned in yesterday's report at 3.7807 during yesterday's trading and currently we have a neutral view of the pair as long as trading between the levels of 3.7809 and 3.7676 levels on the hourly interval.

USD/TRY Daily Technical Analysis | 30 January 2018

The SMA 20 is bullish and forms a support area for the pair.
RSI 14 is trading in a bullish direction within the classical ascending channel and currently the index is suffering from weakness due to the closure below the 70 area.
It is expected that, if the pair breached the Turkish currency against the Turkish currency, 3.7847 may target areas of 3.8082, but if the break of 3.7671 may target 3.7281.
Support: 3.7411 - 3.7007 - 3.6484
Resistance: 3.799- 3.8424 - 3.8973
Trend: neutral


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