Thread: Usd/try
The Turkish Lira nudged up slightly but consolidated below a 1-1/2 year low hit last week.
On Thursday, the pair retreated from recent highs but found strong support at 7-EMA.
USD/TRY is trading 0.3 percent down at 6.9734, having hit a high of 7.0079 on Wednesday, its highest since August 2018.
Immediate resistance is located at 7.0086, any close above could take it above 7.0142.
On the downside, support is seen at 6.9488 and break below could take it near 6.9279 (7-EMA)
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Unregistered (5)
USDTRY
U.S. DOLLAR / TURKISH LIRA
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6.81500
TRY
+0.00750 (+0.11%)
MARKET OPEN (MAY 25 04:03 UTC-4)
6.80750
PREV
6.80575
OPEN
15.477K
VOLUME
6.79576 — 6.81500
DAY'S RANGE
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calculation is thats,
RSI ON SELL
Parabolic SAR SELL
bOLLIngr bands on sell side moving
my openions of this pair is:SELL
You will earn more money if you will follow my views,
because i have posted this after checking the previous routine clearly
simply moving on parabolic levels today best views
my technical analysis and fandamantal
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Zaib55 (2020-05-25)
Today market analysis and trend:sell
Indicators and Moving average market ke down hony ka bata rahe hain
Resistance and Support points se bhi market down hoti nazar a ri hai
Hamain sell main trade lagani chahiye
BesT Of LucK
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Zaib55 (2020-05-25)
The Turkish Lira rose, hovering towards a 1-1/2 year low hit earlier in the week.
On Thursday, the Turkish currency attempted a minor recovery to close at 6.9424.
However, the Turkish lira continues to weaken, weighed down by downbeat economic data due to coronavirus outbreak.
Turkeys manufacturing confidence index sank to 66.8 in April from 99.7 in the previous month, its lowest reading since February of 2009, while capacity utilization decreased to 61.60 percent in April from 75.30 percent in March of 2020
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The Turkish Lira consolidated near a 1-1/2 year low hit in the previous session on soft consumer confidence figures and CBRT policy decision.
Data released yesterday showed Turkeys consumer confidence index fell to a record low of 54.9 in April from 58.2 in the previous month.
On Wednesday, the Central Bank of the Republic of Turkey lowered its one-week repo by 100 basis points to 8.75 percent to shore up an economy hit hard by the coronavirus outbreak.
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Long term movement pivot, Resistance and support levels are as follows for today date.
Current market price is at - 6.8047
This currency name - USD/TRY
Resistance and Target - 6.8076
Support and Stop Loss - 6.8018
Always follow Long time frame market trend.
Signal is Sell.
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Everyone made his stretigy by its own opinions.
Some peoples used fundamental approaches, some
people used moving averages and other then used
supports and residences , who help him to make
his stretigy .
Today i discuss about the pair of ---USD / TRY
My recommendation about this pair is --buy.
After the analysis of residence and supports and its previous movements.
Resistance Level (R3): 6.947
Resistance Level (R2): 6.938
Resistance Level (R1): 6.919
Pivot Point: 6.910
Support Level (S1): 6.892
Support Level (S2): 6.882
Support Level (S3): 6.864
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
Everyone made his stretigy by its own opinions.
Some peoples used fundamental approaches, some
people used moving averages and other then used
supports and residences , who help him to make
his stretigy .
Today i discuss about the pair of ---USD / TRY
My recommendation about this pair is --buy.
After the analysis of residence and supports and its previous movements.
Resistance Level (R3): 6.947
Resistance Level (R2): 6.938
Resistance Level (R1): 6.919
Pivot Point: 6.910
Support Level (S1): 6.892
Support Level (S2): 6.882
Support Level (S3): 6.864
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
market it seems to be going down, it is because of market developments that occur to date, I myself am more focused on waiting for the right moment to open sell, but with only a short target, we must be on the lookout for market movements today, because there could be movements beyond our expectations, always keep good money management and don't forget to pray before the trade can go well, and hopefully everything can end with profit and be a blessing for us, don't forget to also evaluate in every problem
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
148 (2020-05-25)
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