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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.

USDTRY 10.03.2021

Technical Analysis
Wednesday, March 10, 2021 - 11:37
Point Trader Group
USDTRY 10.03.2021

Overview:

Prices are moving in a short term downtrend

Expected:

The pair is trading above a strong support level around 7.5644, which enhances chances of a bullish move during today's trading to 7.6581

Alternative Scenario: 

On the other hand, we think that if the level of 7.5644 is broken to the downside, this pair may push further down to 7.5083.

 

Resistance7.65817.69587.7145
Support7.57777.56447.5270

 

 

*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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