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.
Related Topics
Latest News
Wednesday, March 27, 2024 - 22:51
Tuesday, March 26, 2024 - 21:15
Monday, March 25, 2024 - 20:14
Friday, March 22, 2024 - 21:12
Latest Economic Analysis
Tuesday, May 16, 2023 - 23:36
Tuesday, April 25, 2023 - 15:59
Tuesday, April 18, 2023 - 22:22
Tuesday, April 04, 2023 - 17:13
Latest Education Articles
Friday, July 14, 2023 - 19:25
Thursday, February 13, 2020 - 21:24
Thursday, January 30, 2020 - 14:39
Friday, January 17, 2020 - 13:00