USD/TRY snaps two-day weakness despite stays below 50-day SMA. Bullish candlestick formation joins upbeat MACD signals to favor the buyers. Sellers need to conquer 100-day SMA for entries. USD/TRY seesaws near the intraday high of 7.8671, currently around 7.8581, during the early Tuesday. The pair marked another daily closing below 50-day SMA but flashed gravestone doji candlestick formation on D1 play the previous day. The likely upside momentum gains clues from the quote’s sustained trading beyond 100-day SMA and bullish MACD. However, a successful break above 50-day SMA, at 7.9475 now, becomes necessary to recall the bull targeting the late-November top near 8.0510. Meanwhile, USD/TRY sellers need to refresh the monthly bottom near 7.7520 before targeting the 100-day SMA level of 7.6850. Overall, the quote gradually gains the upside momentum and hence bears should remain cautious. USD/TRY daily chart Trend: Further upside expected FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next WTI Price Analysis: Consolidating in a narrowing price range FX Street 2 years USD/TRY snaps two-day weakness despite stays below 50-day SMA. Bullish candlestick formation joins upbeat MACD signals to favor the buyers. Sellers need to conquer 100-day SMA for entries. USD/TRY seesaws near the intraday high of 7.8671, currently around 7.8581, during the early Tuesday. The pair marked another daily closing below 50-day SMA but flashed gravestone doji candlestick formation on D1 play the previous day. The likely upside momentum gains clues from the quote’s sustained trading beyond 100-day SMA and bullish MACD. However, a successful break above 50-day SMA, at 7.9475 now, becomes necessary to recall the bull targeting the late-November… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
