Contributors Technical Analysis USD/TRY Capped By A Negative Trend Line

USD/TRY Capped By A Negative Trend Line

Pivot (invalidation): 5.9380

Our preference Short positions below 5.9380 with targets at 5.8380 & 5.7680 in extension.

Alternative scenario Above 5.9380 look for further upside with 6.0055 & 6.0810 as targets.

Comment A break below 5.8380 would trigger a drop towards 5.7680.

Previous articleAUD/USD Key Resistance At 0.7120
Next articleDAX The Downside Prevails
Trading foreign exchange, spot precious metals and any other product on the Forex platform involves significant risk of loss and may not be suitable for all investors. Prior to opening an account with Swissquote, consider your level of experience, investment objectives, assets, income and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not speculate, invest or hedge with capital you cannot afford to lose, that is borrowed or urgently needed or necessary for personal or family subsistence. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

NO COMMENTS

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Exit mobile version