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InvestingScope

USDTRY: Bullish on symmetrical Targets.

Long
U.S. Dollar / Turkish Lira (FX:USDTRY)  
InvestingScope  
FX:USDTRY   U.S. Dollar / Turkish Lira
Trend Analysis Chart Patterns Technical Indicators USDTRY USD TRY DJ FXCM Index dollar turkishlira Forex Currencies currency
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trendanalysis chartpattern indicator usdtry usd try usdollar dollar turkishlira forex currencies currency
The pair is on a strong uptrend on 1D (RSI = 58.592, MACD = 0.072, Highs/Lows = 0.0000) forming the right side of the 1W cup formation. It appears that the uptrend targets the Lower Highs of the previous downtrend in the form of Resistance Levels. Based on this we are long with 6.38740 our next TP and 6.64497 the extension.






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