USDTRY 31.03.2021

Technical Analysis
Wednesday, March 31, 2021 - 12:58
Point Trader Group
USDTRY 31.03.2021

Overview:

Prices are moving in a short term downtrend

Expected scenario:

The above chart shows that the pair is trading below a strong resistance level around 8.4764, which enhances the downside chances during the coming period to reach 8.1000.

Alternative scenario:

On the other hand, we think that if the 8.4764 level is broken to the upside, this pair might push up to $ 8.9000.

 

Resistance

8.4764

8.7000

8.9000

Support

8.1000

8.0000

7.9500

 

  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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