EURTRY weekly TA

FX:EURTRY   Euro / Turkish Lira
26 0 1
The level where the upward move has last been halted (around 3.47) was key. It is likely that the market will test the trigger line shown in chart. This will necessitate breaking the LWL1 on which the current leg relies. The bullish motive may continue in the following weeks, hitting the UMLH of the downsloping pitchfork . During that, the Stoch should climb up well, explicating either a hidden bearish divergence or a suppressed bullish momentum. Both scenarios are bearish . But the latest push in the Stoch from the oversold zone has broken old levels, indicating that the final leg has not yet finished. Thus, short-term longs may work as well.

Related Ideas

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
ZH 繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out