USDTRY failed to obtain Daily close above resistance zone

USDTRY failed to obtain Daily close above resistance zone

Rami
30 (10) 2016 - 23:07 (GMT)
0

As we see over the chart and despite USDTRY managed to hit high last Friday at (3.1269) the market failed to hold daily close above resistance zone (3.1200) which may set back the downtrend wave within Short-Run as long as daily close sustain below (3.1200) zone.

Market may face potential support levels where first one will be around (3.0700) zone, while downtrend wave will remain active toward target (3.0000) within Short-Run.

Any daily close above (3.1200) zone may set new uptrend wave toward (3.2000) zone.

 

 

USDTRY

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Rami

Rami

Hi all, my name is Rami, with more than 16 years experience in Forex Market, switching from Brokerage field to Fund Management and Risk Management specialty.I had an idea to establish a Home Page to present my thoughts on Forex Market from three different angle or prospective, Mid-Run, Short-Run & Intraday movements .

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