ew-forecast

USDTRY: Uptrend in late stages

FX:USDTRY   U.S. Dollar/Turkish New Lira
USDTRY             broke once again to the upside, but this time out of a triangle as shown on 4h chart so looks like that pair is in late stages of current recovery from July lows. Keep in mind that triangle occurs prior to the final move within a larger trend, so we think that upside is limited and that reversal can follow to the downside from current 3.0000-3.1000 psychological region.

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Thank you
+1 Reply
You are welcome.
+1 Reply
Hi ,could you please update next level of your chart?
regards
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