Dukascopy

USD/TRY 1H Chart: Rate edges lower from yearly high

FX:USDTRY   美元 / 土耳其里拉
The bullish sentiment has been guiding USD/TRY             since mid-February—a move which is confined by an ascending channel . This upward momentum intensified early in April when the US Dollar             reversed from the bottom boundary of this pattern.

Meanwhile, the pair reached its highest position in several years near the 4.20 mark on Wednesday. As apparent on the chart, it likewise formed a pattern similar to head-and-shoulders. By mid-today, the US Dollar             had fallen back down to the weekly R1 and the 100-hour SMA circa 4.09.

It is likely that the rate declines even lower in line with the senior channel and therefore reaches its bottom line and the 200-hour SMA at 4.04 early next week. The same bearish momentum could push the pair considerably lower in the medium term away from the aforementioned yearly high.
See more at the Dukascopy Analytics page
https://www.dukascopy.com/swiss/english/marketwatch/market_news/Technical-Analysis/

Check out our trading platform:
https://www.dukascopy.com/land/swiss/
ZH 繁體中文
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
AR العربية
首頁 股票篩選器 外匯信號搜索器 加密貨幣信號搜索器 全球財經日曆 如何運作 圖表功能 網站規則 版主 網站 & 經紀商解決方案 小工具 圖表庫 功能請求 部落格 & 新聞 常見問題 幫助 & 維基 推特
個人檔案 個人檔案設定 帳戶和帳單 我的事件處理號碼 聯絡客服 發表的想法 粉絲 正在關注 私人訊息 在線聊天 登出