简体中文
繁體中文
English
Pусский
日本語
ภาษาไทย
Tiếng Việt
Bahasa Indonesia
Español
हिन्दी
Filippiiniläinen
Français
Deutsch
Português
Türkçe
한국어
العربية
Abstract:USD/TRY struggles to defend buyers, down 0.25% intraday while easing to $13.62 amid Fridays Asian session.
USD/TRY: Four-hour chart
USD/TRY snaps two-day uptrend during a sluggish session, retreats from daily high of late.
A bullish moving average crossover, firmer RSI favor buyers.
12-day-old support line adds to the downside filters, monthly horizontal line restricts immediate upside.
The Turkish lira (TRY) pair rose during the last two days before easing from $13.67. The pullback moves, however, remain elusive due to the golden cross on the four-hour (4H) play.
A golden cross is the bullish moving average crossover wherein the 50-SMA crosses the 200-SMA from the upside to signal the underlying assets further advances.
That said, the USD/TRY prices need to overcome the $13.70 immediate hurdle ahead of confronting the monthly resistance line near $13.95.
During the quotes upside past $13.95, the December 21 peak of $14.13 will act as the key hurdle to the USD/TRY rally.
On the contrary, the stated SMA convergence near $13.50 restricts the short-term downside of USD/TRY.
Following that, an upward sloping trend line from January 12, near $13.35, will be important before welcoming the USD/TRY bears.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
Movements in one sector often ripple through others. This dynamic is especially true in forex trading, where fluctuations heavily influence currency values in commodity markets, particularly oil and gold.
The forex market is highly influenced by global events, with news such as political elections, economic reports, and natural disasters often creating significant volatility. Understanding how these events affect currency pairs can help traders make informed decisions, minimize risks, and capitalize on opportunities.
In this article, we will conduct a comprehensive examination of JustMarkets, delving into its key features, fees, safety measures, deposit and withdrawal options, trading platforms, and customer service. WikiFX endeavours to provide you with the essential information required to make an informed decision about utilizing this platform.
The rise of “finfluencers” – social media influencers who provide financial guidance – has redefined the way people, especially younger generations, approach investing. Yet, despite the convenience, this trend comes with significant risks that traders and investors, particularly beginners, should be aware of.