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Technical Analysis

We provide an up-to-date Technical Analysis reports of the forex market, metals, oil and global indices to highlight the most important expected movements on the charts.

The US dollar against the Turkish lira November 5, 2020

Technical Analysis
Thursday, November 05, 2020 - 05:22
Point Trader Group
The US dollar against the Turkish lira November 5, 2020

Overview:

prices are moving in an upward short-term direction.

Expected:

The pair is trading above a strong support level around 8.3916, which enhances chances of a bullish move during today's trading to 8.5110. 

Alternative Scenario:

On the other hand, we see that if the level of 8.3916 is broken to the downside, this pair might push down to 8.3638. 

 

Resistance8.51108.59178.6250
Support8.39168.38008.3625

*Risk Disclaimer: Point Trader Group will not accept liability for any loss or damage as a result of reliance on the provided information.

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