USD/TRY formed a bullish gap on the D1. It happened on the increase in the market’s risk aversion.
Tag - try
During today's Turkish central bank meeting, the market anticipated a rate cut between 200-300 pips.
You can triple your investment with FBS CopyTrade. Hear the success story and make your own happen.
USD/TRY has formed a big “shooting star” candlestick on the W1 last week. A similar formation is visible on the D1.
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.
Slow start ahead of the eventful week
Today the central bank of Turkey cut its interest rate from 24% to 19.75% (vs. 21.5% expected).
Have a wonderful week ahead!
What’s going on in the world of emerging market currencies? Let’s find out.
Technical analysis of EUR/TRY
At the moment, USD/TRY is targeting the resistance at 6.2.
Do you know your taste in movies can tell a lot about your personality? Pick your favorite movies of different genres and see if we can identify your trading style based on your choices…