OANDA:USDTRY   U.S. Dollar / Turkish Lira
We have been observing a horizontal trend for a while in USDTRY .. In the four-hour chart, we see the ascending triangle pattern.. The falling wedge pattern is clearly noticeable in the RSI , and if the pattern works, the upward price movements may harden and the peak point of 7.20 can be tested.. Also; I think the reference values (54) and (45) in RSI are very important in the short term, these values ​​can be considered as an important indicator in terms of price movements.. Moving averages ( ma5 , ma8 and ma13) and gator are about to return to positive, it seems highly likely that the correction wave will remain short again..

My personal opinion; In the direction of price movements in USDTRY , the impingement will show a sharp upward break after a while and 7.20 peak point will be tested in the near future..

Disclaimer: Not investment advice.. Please do your own due diligence when it comes to forex-trading.. Invest at your own risk..

I wish you all the best..


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