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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 17.8.2023

Technical Analysis

Thursday, August 17, 2023 - 13:37

Point Trader Group

USDTRY 17.8.2023

General trend: bullish.
Expected scenario:
The pair is trading above a strong support level around 26.50, which enhances its chances of rising to 27.48.
Alternative scenario:
The scenario turns to a downside, with a break of 26, targeting 25.00.
The most important levels
resistance:
26.50 – 27.48
support:
26.00 - 25.00

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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