Geo - Political News;
Due to Turkish Armed Forces trespassed the Syrian border without parliamentary approval, USDTRY has increased.
By the way, there are some rumours that presidency election is planning to be held in June 2016
Brainstorming;
In case, it gets covered by the strong red trend's bottom line as a short-term support, it may try the all-time top level (3,06) again.I believe that many people bought USDTRY in a range of 2,96-3,03 and 3,06 would be a nice sell point to get some profit. It makes all-time top is a strong wall to achieve.
It's highly possible that the red trend's middle line will be achieved even impatient small investors sell pressure through yellow trend.
In case yellow trend's bottom line falls, we need to stop our losses.
Supports;
2,97 Yellow trend's middle line
2,94 Yellow trend's bottom line (-> below stop loss)
Resistences;
3,00 Yellow trend top line
3,06 Fibonacci retracement - all time top - red trend's middle line
Due to Turkish Armed Forces trespassed the Syrian border without parliamentary approval, USDTRY has increased.
By the way, there are some rumours that presidency election is planning to be held in June 2016
Brainstorming;
In case, it gets covered by the strong red trend's bottom line as a short-term support, it may try the all-time top level (3,06) again.I believe that many people bought USDTRY in a range of 2,96-3,03 and 3,06 would be a nice sell point to get some profit. It makes all-time top is a strong wall to achieve.
It's highly possible that the red trend's middle line will be achieved even impatient small investors sell pressure through yellow trend.
In case yellow trend's bottom line falls, we need to stop our losses.
Supports;
2,97 Yellow trend's middle line
2,94 Yellow trend's bottom line (-> below stop loss)
Resistences;
3,00 Yellow trend top line
3,06 Fibonacci retracement - all time top - red trend's middle line
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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.
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.