analysis of Usd/Try
Bollinger Bands:buy
MACD:buy
Resistance and Supporting level is:
Resistance price is :
Resistance 1:4.4235
Resistance 2:5.4532
Resistance 3:5.4751
Supporting price is :
Supporting 1:5.3865
Supporting 2:5.3551
Supporting 3:5.3314
Thread: Usd/try
analysis of Usd/Try
Bollinger Bands:buy
MACD:buy
Resistance and Supporting level is:
Resistance price is :
Resistance 1:4.4235
Resistance 2:5.4532
Resistance 3:5.4751
Supporting price is :
Supporting 1:5.3865
Supporting 2:5.3551
Supporting 3:5.3314
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Are Precious Metals Due for a Relief Rally?The Macro PerspectivePrecious metals have exhibited broad weakness in the past six months, seemingly contrary to what market conditions might suggest. In the midst of trade wars and Emerging Markets worries, they should – in theory at least – have performed better. But can we identify any fundamental reasons for
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Pivot (invalidation): 1.0050
Our preference
Long positions above 1.0050 with targets at 1.0075 & 1.0090 in extension.
Alternative scenario
Below 1.0050 look for further downside with 1.0030 & 1.0010 as targets.
Comment
A support base at 1.0050 has formed and has allowed for a temporary stabilisation.
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Daily analysis of currency pair is :Usd/try
today currency trend is :
Resistance and Supporting level is :
Current price is: 5.3908
1> Resistance Level is :5.3923
2>Resistance Level is : 5.3938
3>Resistance Level is:5.3950
Daily supporting level
1> Supporting Level is : 5.3895
2>Supporting Level is: 5.3881
3>Supporting Level is: 5.3869
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Moon22 (2019-03-27)
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
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In January of 2005, a new version of the Turkish Lira was issued after the previous Lira's value fell so dramatically that the conversion was $1 to 1.5 million TRY. As the economy relies on foreign cash looking to earn short term profits on higher interest rates, any global headwinds and the subsequent risk off environment can lead to massive depreciations of the Lira. Although the nation wishes to join the Euro-Zone, political conditions in Turkey and economic issues in the EU continue to delay the process.
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Usd/Try is bullish.
The resistance and supporting of this pairs today is very successive.
The following supporting and resisting level of this pairs is as under.
The resistance level.
01. Resistance level is=5.4750
02. Resistance level is=5.4800
03. Resistance level is=5.4850
The supporting level.
01. Supporting level is=5.4400
02. Supporting level is=5.4350
03. Supporting level is=5.4300
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Analysis of the dollar against the Turkish lira
It trades in a downward trend supported by breaking the upward trend line that occurred during yesterday's trades as the 6.3382 area was broken on the 60-minute interval.
The simple moving average is currently 20 as a resistant area for the husband.
RSI 14 Our neutral view as a result of not confirming the breaking of the upward trend line during the trades yesterday morning and the cursor needs to break the area of 25.51 points to confirm it.
In the event of a breach of the U.S. currency pair against the Turkish currency 6.2933 may target areas 6.4488.
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Usd/try:-
Today's signal:- buy
Current price:- 5.40560
T.P:- 5.49822
S.L:- 5.40021
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USD/TRY
In January of 2005, a new version of the Turkish Lira was issued after the previous Lira's value fell so dramatically that the conversion was $1 to 1.5 million TRY. As the economy relies on foreign cash looking to earn short term profits on higher interest rates, any global headwinds and the subsequent risk off environment can lead to massive depreciations of the Lira. Although the nation wishes to join the Euro-Zone, political conditions in Turkey and economic issues in the EU continue to delay the process.
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.
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