U.S. Dollar / Turkish Lira
Long
Updated

USDTRY sits on strong support

197
Edge of the daily cloud
RSI has been oversold
Strong trend line support

Turkey's stock market XU100 seem to have a negative impact by a strong lira.
Note
snapshot

Closeup stoch & rsi oversold
Note
Better view of the situation:

snapshot
Note
Weekly stoch rsi oversold.
Weekly rsi resting on 50.

snapshot
Note
Lesson learned: Do not underestimate the cloud and keep it simple.

snapshot
Note
Broke resistance
Note
snapshot

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.