HomeContributorsTechnical AnalysisUSD/TRY Bullish Bias Above 6.0310

USD/TRY Bullish Bias Above 6.0310

Pivot (invalidation): 6.0310

Our preference Long positions above 6.0310 with targets at 6.0650 & 6.0790 in extension.

Alternative scenario Below 6.0310 look for further downside with 6.0110 & 5.9940 as targets.

Comment A support base at 6.0310 has formed and has allowed for a temporary stabilisation.

Swissquote Bank SA
Swissquote Bank SAhttp://en.swissquote.com/fx
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.

Featured Analysis

Learn Forex Trading