#USDTRY next target: 3.77
Updated
Since mid-September 2017, USDTRY is in a new impulsive wave. The price correction in the first two weeks of October was the 1st and current downtrend, started in 21st November, is 2nd corrective waves.
I think USDTRY will continue to soften to 3.70-3.80 range. 3.70 is quite unlikely but if there will not be any extraordinary matters then a correction to fib 0.382-0.50 seems likely.
I think USDTRY will continue to soften to 3.70-3.80 range. 3.70 is quite unlikely but if there will not be any extraordinary matters then a correction to fib 0.382-0.50 seems likely.
Comment
USDTRY follows the downtrend line but it seems like the indicator will have an uptrend in the next days to 420 level.Trade closed: target reached
spot on!Comment
next target: 4.21
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.