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Weekly forecast US Dollar / Turkish Lira technical chart
Symbol USDTRY

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Trading suggestion:

  • By appearing primary signs of entering the market, new entry zone and short-term targets would be published.

DateFebruary 13, 2021 - 17:04
Currentrange bound
Forecastresumption of uptrend

Midterm forecast:

  • While the price is above the support 7.00000, resumption of uptrend is expected.
  • We make sure when the resistance at 7.50000 breaks.
  • If the support at 7.00000 is broken, the short-term forecast -resumption of uptrend- will be invalid.

Technical analysis:

  • The Falling Wedge taking shape and as a bullish pattern suggests we will soon see another leg higher if price breaks and closes above downtrend.
  • While the RSI downtrend #1 is not broken, bearish wave in price would continue.
  • A peak is formed in daily chart at 7.5327 on 01/18/2021, so more losses minimum to Major Support (7.0000) is expected.
  • Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
  • Relative strength index (RSI) is 28.

Supports and Resistances:

  1. 7.1200
  2. 6.7200
  3. 6.4820
  4. 6.2445
  5. 6.0235
  6. 5.9185
  7. 5.7635
  8. 5.4200
  9. 4.9225
  10. 4.8035
  11. 4.5545
  12. 4.4500
  13. 4.3200
  14. 4.1750
  15. 4.0290
  16. 3.9330
  17. 3.8270
  18. 3.7725
  19. 3.7150
Click on the level to view price action history.

Symbol Released Current Forecast
US Dollar / Turkish Lira (USDTRY) new Sun, 21 Apr 2024
US Dollar / Turkish Lira (USDTRY) free Sun, 14 Apr 2024
US Dollar / Turkish Lira (USDTRY) Sat, 6 Apr 2024
US Dollar / Turkish Lira (USDTRY) free Sat, 30 Mar 2024
US Dollar / Turkish Lira (USDTRY) free Sat, 23 Mar 2024