U.S. Dollar / Turkish Lira USDTRY

Midterm forecast: 5.0000 is a major support, while this level is not broken, the Midterm wave will be uptrend. We will close our open trades, if the Midterm level 5.0000 is broken. Trading suggestion: There is a possibility of temporary retracement to suggested support zone (5.9300 to 5.6450). if so, traders can set orders based on Price Action and expect to ...

#usdtry has to come out of this triangle pattern to give a clear Idea of which direction it will move. Maximum time will be around 10 October 2018.

Midterm Forecast: The current trend is uptrend and the forecast is the continuation of uptrend. Technical analysis: While the RSI uptrend #1 is not broken, bullish wave in price would continue. Price is below WEMA21, if price rises more, this line can act as a dynamic resistance against more gains. Relative strength index (RSI) is 51. Trading suggestion: There ...

DOLLAR/LIRA Midterm forecast: The current trend is uptrend and the forecast is continuation of the uptrend. Technical analysis: While the RSI resistance #1 at 83 is not broken, the probability of price increase would be too low. While the RSI uptrend #2 is not broken, bullish wave in price would continue. Price is above WEMA21, if the price drops more, this line ...