Usdtry price technical view
You need to look closely on the charts ,first the pair usdtry archived the numbers from the last summary
“we can see at the charts –there is an uptrend prior to the rounding bottom,Prices then begin to fall, followed by a shallow bottoming process, and then prices begin rising at a steeper grade creating the visual appearance of a bowl , buy signal is triggered when prices close above the resistance line drawn from the left lip to the area of consolidation formed after the right lip( resistance line)
the support areas remain on the 1.24 areas break up the recorded as 2.4975 2.5143 will send the pair to 2.56-2.61 areas ,close look at the usdtry will give us more Positive reinforcement for continue up (at the second chart)
technical update for 23.03.2015 :
break down 1.53 area will send the pair to 2.37-2.40 area,stop-loss should be place in 2.61 area
important economics news will publish at 31 march 2015: GDP Growth Rate Q4 Previous: 1.7% Forecast:1.85%
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