Price tried to break resistence level (1,1306) two times during this week and it has returned by red above trend line. 1,13060 is the new support level and i expect 1,12306 level movement next week.
Short Position : 1,11360-1,11400 Take Profit : 1,11100 Stop Loss : 1,11750
After the supreme court's decision about the exterritoriality USDTRY dropped significantly. I expect a small roundup* to 2,91 and testing 2,89 support. In case it breaks 2,89, 2,85 is the next station. * RSI 20 buyers
Geo - Political News; Due to Turkish Armed Forces trespassed the Syrian border without parliamentary approval, USDTRY has increased. By the way, there are some rumours that presidency election is planning to be held in June 2016 Brainstorming; In case, it gets covered by the strong red trend's bottom line as a short-term support, it may try the all-time top...
Scenario 1 (Green arrow) In case it turns up from the bottom of the dark blue parallel channel (2,944), it will eventually move to 3,10. Strong resistence points are (2,988-3,06) Scenario 2 (Red arrow) In case it breaks the support of the turquiose channel, it will eventually test the 2,909 Fibonacci support. If it does, support points are (2,87-2,83-2,75) I...
After political issues with Russia and recent terror attacks USDTRY hit 3.04. We'll possibly see some profit sales till 2,97.