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USDTRY just at the verge of the current bullish channel bottom. We can even say that channel had been broke down a little. But just when it seem like it's going to be bearish from technicals, USD posted some consecutive green candles to promise on staying in the bullish channel. If we find further bullishness in this pair in next 2 days, then it may well be possible for some good bullish move. Please find the daily chart analysis of USDTRY,
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USDTRY and EURTRY to watch
Turkish fundamental has found itself in bad taste once in few months. Few months earlier, it was Russian plane attack which created a setback but Turkey had recovered quite well. But last week sudden rivalry over army troops trying to take over the nation had made a mess again which made their fundamental market to go down. Things seems to be in control now, but still the effect will remain in place for atleast a month. Next price action to watch for is 3.325.
EURTRY broke the bearish trend
Turkish lira started loosening up since the interest rate decision discussion has started. Yesterday, the interest rate was kept as it is and till now it seems that Lira is continuing it's bearish run. In line with that, EURTRY broke the strong bearish trend and it may well continue for some more time. Please find the EURTRY daily chart analysis,
As the chart clearly shows, the bearish trend is broken and clearly running with green candles. We may enter the trade LONG using some technical indic…
As the chart clearly shows, the bearish trend is broken and clearly running with green candles. We may enter the trade LONG using some technical indic…
USDTRY perfectly setup for a bullish run
Turkey is one of those currency which competed well against the USD for last 2 months. But it's seems like it has given up now (may be for a while) against USD, just how it was like 1 year before. Please find below the USDTRY daily chart analysis,
You couldn't have seen better setup than this to take a long position. The red candle just stopped when reaching the previous price action. Followed by that, an engulfing green candle is formed which clearly shows that it is setting up nicely for a sh…
You couldn't have seen better setup than this to take a long position. The red candle just stopped when reaching the previous price action. Followed by that, an engulfing green candle is formed which clearly shows that it is setting up nicely for a sh…