Sat, Jan 31, 2026 21:31 GMT
More
    HomeContributorsTechnical AnalysisUSD/TRY: Under Pressure

    USD/TRY: Under Pressure

    Pivot (invalidation): 7.3170

    Our preference Short positions below 7.3170 with targets at 7.2580 & 7.2360 in extension.

    Alternative scenario Above 7.3170 look for further upside with 7.3470 & 7.3800 as targets.

    Comment As Long as the resistance at 7.3170 is not surpassed, the risk of the break below 7.2580 remains high.

    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.

    Latest Analysis

    Learn Forex Trading