Turkish lira price forecast technical analysis update
USD TRY ANALYSIS |
Technical analysis:
Now you must pay attention for this price level! – closed below this level will send the Turkish lira to cope with 3.40+_ price area, or even to lower price to the 3.34-3.36 price level
While stay above those levels could send the USD to try to 3.56-.359 price levels
The only move above 3.56-59 will confirm the end of these corrections
Long-term trend forecast moved is still up as long as 3.34 will hold!
Break below 3.34-6 on weekly basis will send the Turkish to 3.24-6
Those are the scenario:
Turkish lira going to test 3.51 area
There are several scenarios:
The first one: going up till 3.56 _+ price area and from there going back down to test again 3.41-3 price area
The second scenario is break up 3.56 price area in daily basis closed and going all the way to 3.74 price area and even to new record above 4 to 4.20 price area
The last one is the inability to hold above 3.41 and a new negative price level of 3.26 if not less
My scenario as you probably know and I said more than once that the trend is still in place and we expect a new record for areas of 4.12 + _ as long as the 3.39-3.41 level will hold!!!
Turkish lira |
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