USD/TRY, D1

On the daily chart, the pair is trading in the lower Bollinger band. The price remains below the EMA50 and EMA100, but above the EMA144 that are directed horizontally. MACD histogram is in the negative zone and its volumes are unchanged. DI lines and ADX are moving down.

USD/TRY: technical analysis

USD/TRY, H4

On the 4-hour chart, the pair is trading along the middle MA of Bollinger Bands. The price remains below the EMA50, EMA100 and EMA144 directed horizontally. MACD histogram is near the zero line and its volumes are very low. DI lines are heading down while ADX is horizontal.

USD/TRY: technical analysis

Key levels

Support levels: 2.9173, 2.9053, 2.8992, 2.8878, 2.8764, 2.8606, 2.7556.

Resistance levels: 2.9451, 2.9616, 2.9694, 2.9936, 3.0097, 3.0206, 3.0467, 3.0590.

Trading tips

Short positions can be opened from the level of 2.9173 with targets at 2.9053, 2.8764 and stop-loss at 2.9350.

Long positions can be opened from the level of 2.9400 with targets at 2.9616, 2.9700 and stop-loss at 2.9250.




The material published on this page is produced by LiteForex and should not be considered as the provision of investment advice for the purposes of Directive 2004/39/EC; furthermore it has not been prepared in accordance with legal requirements designed to promote the independence of investment research and is not subject to any prohibition on dealing ahead of the dissemination of investment research.



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