USDTRY 15.04.2021

Technical Analysis
Thursday, April 15, 2021 - 21:25
Point Trader Group
USDTRY 15.04.2021

Overview:

Prices are moving in a short term downtrend

Expected scenario:

The above chart shows that the pair is trading above a strong support level around 8.0000, which enhances the chances of a bullish move during the next period to 8.2300.

Alternative scenario:

On the other hand, we see that if the 8.0000 level is broken to the downside, this pair may push further down to 7.9000 and from it to 7.8000.

 

Resistance levels

8.2300

8.4000

8.5000

Support levels

8.0000

7.9000

7.8000

 

  Disclosure of risk:     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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