U.S. Dollar / Turkish Lira

Long

Updated

USDTRY sits on strong support

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

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

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Closeup stoch & rsi oversold

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Better view of the situation:

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Weekly stoch rsi oversold.
Weekly rsi resting on 50.

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

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Broke resistance

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Also on:

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