USD/TRY - Page 9
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Thread: USD/TRY

  1. #1
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    USD/TRY

    USD/TRY trading at 5.4880 levels the Turkish lira, although declining against the dollar, continues to maintain its economy, as it is now under the downward trend and despite the dollar's rise in the record in all currencies, the USD/TRY is the most resistant to the dollar and we expect as the technical analysis returns Turkish lira to previous levels provided that the price is not closed with a candle
    Daily higher than 5.55 levels, because the daily closure above these levels alters the direction of the USD/TRY and gives more back to previous levels and the first is 5.60

    Attachment 25472

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  2. #81
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    The pair during the Asian session yesterday morning bounced from 5.9552 levels as a result of the growing demand for the dollar following the return of the uncertainty over the Turkish political and economic situation.The pair continued to rise during yesterday's trades to penetrate the 5.9939 areas and also 6.0401 areas as the downward trend line was breached and the pair continued to rise up to 6.1280 areas.

    The pair trading in a downward trend in formation this trend is currently suffering from weak bear torque. The torque index indicates a weak downward trend, where it fails to break the 50-point zones and stability below them, we recommend selling in case of breaking the 6.0644 areas to target 5.9658.


    It is expected in the event of a 6.0644 fracture may target 5.9658 areas. While, in case of penetrating 6.0937 areas may target 6.1830 levels.


    Resistance: 6.0789-6.1447 – 6.2386.
    Support: 6.0401 – 5.9939-5.9306.


    Direction: Bearish


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  3. #82
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    USD/TRY trading failed to penetrate the resistance levels of 6.10 in the framework of the arrival of the positive insurance required at the current stage to ensure further gains for the next sessions, which contributed to the decline of the trades of the husband down to break the levels of the 6.00 but without exposure to stability there, the return of trades to close the daily candle above 6.00 levels, and based on what we will stay with the continued support of the positive outlook and we prefer the return of trades to penetrate the levels of 6.10 to ensure the positive stability required for the husband to succeed the scenario The prospective rookie of the husband for the day


    The general trend of the husband: upward-we prefer to penetrate the levels of 6.10 and stability above them


    Support: 5.90-5.85-5.80
    Resistance: 6.10-6.15-6.20


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  4. #83
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    The overall positive is still dominated by the USD/TRY during the last sessions, although some declines were seen below the 6.00 levels, but they were not enough to change the trajectory of the upward trend, and during yesterday's session we saw a logical stability above the 6.00 levels. This is in the context of securing the stability required to achieve more heights in the upcoming meetings, and now, at the beginning of this morning's meeting, we see the exchange rate approaching the boarding targets referred to in the previous reports to register the husband Heights morning and reached the areas of the 6.08, so we will stay with the continued Supporting the positive outlook conditional on the penetration of the 6.10 levels in order to ensure the positive stability required for the husband to succeed the expected upward scenario of the husband for the day


    The general trend of the pair: upward-we prefer to penetrate the levels of the 6.10 and stability above it


    Support: 5.90-5.85-5.80
    Resistance: 6.10-6.15-6.20


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  5. #84
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    Green closing of the weekly trading candle for the UUSD/TRY during the closing session of last Friday's trades, followed by the positive stability that accompanied the pair trades during the last period, and therefore we will remain with the continued support of the positive conditional view By breaking the levels of the 6.10 in order to ensure the positive stability required for the husband to succeed the expected upward scenario of the husband for the day


    The general trend of the pair: upward-we prefer to penetrate the levels of the 6.10 and stability above it


    Support: 5.90-5.85-5.80
    Resistance: 6.10-6.15-6.20


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