Technicals

Add as a preferred source on Google

FxWirePro: USD/TRY hits fresh 2-week low at 3.5337 mark, faces strong support at 3.5183

USD/TRY is currently trading at 3.5402 levels. It made intraday high at 3.5524 and low at 3.5337 levels. Intraday bias remains bearish till the time pair holds key resistance at 3.5757 marks. Key resistances are seen at …

1 min read
FxWirePro: USD/TRY hits fresh 2-week low at 3.5337 mark, faces strong support at 3.5183
Image from the original EconoTimes article

Read the original article

  • USD/TRY is currently trading at 3.5402 levels.
     
  • It made intraday high at 3.5524 and low at 3.5337 levels.
     
  • Intraday bias remains bearish till the time pair holds key resistance at 3.5757 marks.
     
  • Key resistances are seen at 3.5525, 3.5757, 3.5851, 3.6036, 3.6238, 3.6552, 3.6925, 3.7180, 3.7479 and 3.7620 levels respectively.
     
  • On the other side, a sustained close below 3.5468 will drag the parity down towards key supports around 3.5183, 3.5018 and 3.4854 marks respectively.
     
  • Important to note here that 20D, 30D and 55D EMA heads down and confirms the bearish trend in a daily chart.

We prefer to go short on USD/TRY around 3.5451, stop loss 3.57 and target of 3.5183/3.5018.

Related articles

View all
Technicals

Major Pair Currency Score: AUDUSD Bearish

EURUSD - Levels to watch - 1.100 GBPUSD Levels to watch - 1.3180 USDCHF Levels to watch - 0.8400 USDCAD - Levels to watch - 1.4300 AUDUSD - Levels to watch - 0.7000 NZDUSD - Levels to watch - 0.5560