Usd/try

usd.try

Resistance UP ^

pivot point # 5.77

1#Resistance 5.87

2# Resistance 5.93

3# Resistance 5.98

Support DOWN V

1# Support 5.60

2# Support 5.50

3# Support 5.43

(Kitco News) - Gold and silver prices are down in early U.S. futures trading Wednesday, as it appears the bearish aspect of reduced consumer demand for the precious metals amid the potential for a slowdown in global economic growth is presently trumping the safe-haven demand aspects of the coronavirus scare. China, which is hit hardest by the outbreak, is a world leader for consumer gold demand. It can also be correctly argued the gold market is seeing a corrective pullback from recent solid gains that pushed prices to a seven-year high earlier this week. April gold futures were last down $5.90 an ounce at $1,644.10. March Comex silver prices were last down $0.241 at $17.95 an ounce.

USD/TRY
The Turkish lira extended weakness and hit the lowest in nine months on Wednesday after Turkey's central bank cut interest rates by 50 basis points.
The CBRT lowered key interest rate from 11.25% to 10.25% in widely expected action as most of market observers pointed to 0.5% cut. The central bank opted for more measured cut as inflation is broadly in line with projections, with annual CPI rate at 12.15% (down from 25% last year), though still well above central bank's target at 5%.
Analysts expect that CBRT's easing cycle soon comes to its end on concerns about weakening lira and widening current account deficit. The USDTRY bulls hold for the sixth straight week and cracked 6.08 barrier after cb's action, with psychological 6.10 resistance and Fibo barrier at 6.1198 (76.4% of 7.1074/5.1323) coming in focus.

Res: 6.0865; 6.1000; 6.1198; 6.1301
Sup: 6.0717; 6.0675; 6.0516; 6.0428

Today i am going to discuss this pair in my own justification and analysis. I think this pair i the most. Faverable pair in the forex market .
Thats reason why i using this pair for my profitable trade

Technical analysis on basis of these indicators
Parabolic sar
Fivo piv
Moving everages
And also RSI

So best of luck for the comferm trade .

usdtry pair over all looking in strong selling and i prefer for sell the usdtry pair at price 6.70 to 6.80 and we set our take profit at price 6.20 to 6.10 and we set our stop loss point at price 6.90 to 7.00 maximum and trader must analysis the usdtry pir current trend and trader analysis the complete fundamentals and technical analysis of usdtry trading pair then he/she place order and make good profit easily with usdtry pair selling positions today

However, at these levels, a bullish divergence can be formed on the MACD indicator (hourly chart), which will limit the downward potential. If the bulls try to return the market, the bears will defend the resistance of 1.3143 with all their strength, but it is best to open short positions from there if a false breakout is formed. You can sell the pound immediately on the rebound after updating the highs of 1.3203 and 1.3258.

Forex is a short-term trading market, where a trader aims to derive the profit from the price rate fluctuations. The maximum duration of a trade on Forex is several months, while on the stock market it may last for maximum 5-7 years. The foreign exchange market is decentralized. Various banks trade on it using different software. Most individuals simply cannot enter the interbank Forex market, as the standard trade volume here varies from $100,000 to $1 million. A dealing centre acts as an intermediary between the bank and the trader.

Money management is very effective for getting profits with stop loss and take profits method with current trading position. Remember there are risks in forex trading field so be active and be careful.
If you want become Successful Trader In Forex so could the hard work and get a knowledge and experience about forex trading.

Fundamental or Technical
Another important decision which ideally should be made prior to the start of your trading is whether your approach will focus primarily on trading signals from technical indicators or from trading ideas based upon fundamentals.
I distinguish here between ideas and signals because they are two distinctly different types of approaches generated by two distinctly different understandings of the futures markets.
Later on I will provide a very thorough discussion of the two approaches, outlining their strengths, assets, liabilities, differences and methods of implementation. For now, suffice it to say that a
decision will need to be made, preferably sooner than later, about the approach you wish to employ in your trading.
Some individuals may seek to implement a hybrid approach, incorporating what they feel are the best aspects of each technique. I also will discuss the merits of this approach, or the lack thereof.

USD/TRY: Today's Live Exchange Rate Data, Chart, Statistics, Spreads ...
Pound Sterling (GBP) Live: Outlook Forecasts and Latest News presented in rolling live format.
Latest USD/TRY Exchange Rate: 5.9418
Percent Change: +0.0233%
Bid: 5.94
Current Month High: 5.9836

my analysis USDTRY will be move up and if you want to trade on USDtry you need to read news and articles about USDTry of world USDTRY council you can get great information about USDTry and you can take a good entry. technical analysis are totally fail on this metal because this is also in very incredible situation so you need to read fundamental analysis about USDtry.