USD/TRY’s technical outlook appears constructive. Potential bull pennant, golden cross seen on the 1H chart. RSI flattens just below the overbought region, points to more gains. USD/TRY holds the higher ground while trading just below the 8.0 level in Asia this Tuesday, as the bulls gear up for the next push higher. Looking at the technicals, the hourly chart looks promising for the cross, as it on the verge of a bull pennant breakout as well as confirming a golden cross. The 50-hourly moving averages (HMA) is seen cutting the 200-HMA from below, as of writing. A golden cross confirmation could add credence to the potential bull pennant breakout, opening doors for a test of 8.20 and beyond. USD/TRY: Hourly chart developing story …. 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 USD/CAD Price Analysis: Depressed inside short-term trading range below 1.3100 FX Street 3 years USD/TRY’s technical outlook appears constructive. Potential bull pennant, golden cross seen on the 1H chart. RSI flattens just below the overbought region, points to more gains. USD/TRY holds the higher ground while trading just below the 8.0 level in Asia this Tuesday, as the bulls gear up for the next push higher. Looking at the technicals, the hourly chart looks promising for the cross, as it on the verge of a bull pennant breakout as well as confirming a golden cross. The 50-hourly moving averages (HMA) is seen cutting the 200-HMA from below, as of writing. A golden cross confirmation could… 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.
