USD/TRY may return to lows

USD/TRY may return to lows

Trade idea

SELL 5.52; TP1 5.50; TP2 5.45; SL 5.54

USD/TRY met resistance near the line connecting 2019 highs in the 5.62 area. This is also where the 50-week MA is capping the price. The pair is currently testing levels below the 200-day MA (5.55). The key area on the downside is located at 5.5220 (50-period MA on H4 and 200-hour MA on H1). The decline below this level will open the way down to the last week’s lows in the 5.45 zone.

USDTRY.png

Similar

USD/ZAR: there’s more to come

USD/ZAR is capable of more downside on the ongoing trade optimism and as the market’s view switches to the Federal Reserve’s meeting later this month.

Latest news

USD/ZAR: there’s more to come

USD/ZAR is capable of more downside on the ongoing trade optimism and as the market’s view switches to the Federal Reserve’s meeting later this month.

Deposit with your local payment systems

Callback

A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Internal error. Please try again later

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera