USD / TRY | Dollar and Turkish Lira Trading Analysis

USD / TRY | Dollar and Turkish Lira Trading Analysis

Written by: PaxForex analytics dept - Wednesday, 01 April 2020 0 comments

The price above 200 MA, indicating a growing trend.
The MACD histogram is above the zero lines.
The oscillator Force Index is above the zero lines.

If the level of resistance is broken, you should follow the recommendations below:

  • Timeframe: H4
  • Recommendation: Long Position
  • Entry Level: Long Position 6.6500
  • Take Profit Level: 6.8000 (1500 pips)

If the price rebound from resistance level, you should follow the recommendations below:

  • Timeframe: H4
  • Recommendation: Short Position
  • Entry Level: Short Position 6.5400
  • Take Profit Level: 6.5000 (400 pips)

USDJPY 
A possible short position in the breakdown of the level 107.15

EURUSD 
A possible short position in the breakdown of the level 1.0960

USDCHF
A possible long position at the breakout of the level 0.9650

GBPUSD
A possible long position at the breakout of the level 1.2485