Check USD/TRY
USD/TRY has moved sharply down this week falling to the support line since the end of November.
GBP/USD: bulls can’t maintain uptrend
Technical levels: support – 1.3530; resistance – 1.3590.
Trade recommendations:
- Buy — 1.3530; SL — 1.3510; TP1 — 1.3590; TP2 — 1.3630.
Reason: expanding bullish Ichimoku Cloud with rising Senkou Span A; a cancelled dead cross of Tenkan-sen and Kijun-sen; the market on the support of Tenkan-sen and Kijun-sen, but it needs correction to Cloud.
Tatyana Norkina
Similar
Trade ideas for gold
The downside correction is long due in XAU/USD. Gold is stuck ahead of resistance at 1298.50.
EUR/CAD is near support
EUR/CAD has approached the support line from the end of October.
Latest news
GBP/USD: confirmed "Thorn" pattern
The last "Pennant" pattern has been broken, so bulls found resistance at 1.2915. Nevertheless, the market is likely going to move on, so we should...
USD/CHF: time to correct?
USD/CHF remains weak across the board and stays strong with a bearish consolidation below the 200 SMA at H1 chart…
EUR/USD: "Tweezers" on 34 Moving Average
There's no any reversal pattern so far, so the market is likely going to test the nearest resistance area in the short term...
Deposit with your local payment systems
