Wed, Jan 20, 2021 @ 07:18 GMT
Home Contributors Technical Analysis USD/TRY: Watch 7.4550

USD/TRY: Watch 7.4550

Pivot (invalidation): 7.6200

Our preference Short positions below 7.6200 with targets at 7.4960 & 7.4550 in extension.

Alternative scenario Above 7.6200 look for further upside with 7.6680 & 7.7220 as targets.

Comment A break below 7.4960 would trigger a drop towards 7.4550.

 

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