Wed, Jan 20, 2021 @ 07:10 GMT
Home Contributors Technical Analysis USD/TRY: Bullish Bias Above 7.6680

USD/TRY: Bullish Bias Above 7.6680

Pivot (invalidation): 7.6680

Our preference Long positions above 7.6680 with targets at 7.7600 & 7.7960 in extension.

Alternative scenario Below 7.6680 look for further downside with 7.6200 & 7.5850 as targets.

Comment A support base at 7.6680 has formed and has allowed for a temporary stabilisation.

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