country flagالعربية
0
0

USD/TRY Daily Technical Analysis | 9 February 2018

2018-02-09 08:28 am | Resource: Technical Analysis Section | No Views : 411

USD/TRY continued to rise during yesterday's trading as a result of the pressure of the pair on the pair and increased their resolve until almost the end of the trading session of the US began the bull in weakness, which led to the break of the rising trend line during the Asian session this morning.

USD/TRY Daily Technical Analysis | 9 February 2018

Our neutral view on the pair's trading due to the lack of confirmation of breaking the ascending trend line, and the simple moving average 20 represents a resistance area.
The RSI 14 is still trading in a major bullish direction but falling to 44 levels, it broke the minor ascending trend line during yesterday's trading.
It is expected that, if the pair breaks the currency against the Turkish currency 3.7990 may target areas of 3.7411 while, if the breach of the level of 3.8224 may target 3.8424.
Support: 3.799- 3.7411 - 3.7007
Resistance: 3.8424 - 3.8973 - 3.9467
Trend: Up


Other news

GBP drops after UK inflation and UK producer data

Pound  fell in European trade on Wednesday after data showed that UK inflation rose to 1.5% in October UK producer prices fell to 0.8% in October UK inflation fell to 1.5% in October UK consumer prices rose to 1.5% in October from the same month last year, the Office for National Statistics said Wednesday. This figure is lower than September when the UK's annual inflation rate was 1.7%. The biggest…

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.