USD/TRY extends the previous day’s downward trajectory, wavers around the day’s low off-late. MACD flirts with the bears, weekly support line challenge further downside. USD/TRY eases to 7.9314, down 0.28% intraday, during Thursday’s Asian session. In doing so, the pair extends Wednesday’s pullback from 200-bar SMA as MACD eases towards the red. However, an upward sloping trend line from Friday, at 7.8615 now, probes the USD/TRY sellers, for now. Also acting as the key downside filter is an area including November 11 low and November 17 high around 7.7835/7970. Alternatively, an upside clearance of 200-bar SMA, currently around 8.0080 needs a clear break above 61.8% Fibonacci retracement of November 06-19 downside, at 8.1705, to recall the USD/TRY buyers. Following that, the November 10 high of 8.3875 will act as an intermediate halt before directing the bulls to the monthly high near 8.5815. USD/TRY four-hour chart Trend: Further weakness 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 S&P 500 Futures holds above 3,600 despite virus woes, fears of US-China tussle on Thanksgiving Day FX Street 2 years USD/TRY extends the previous day’s downward trajectory, wavers around the day’s low off-late. MACD flirts with the bears, weekly support line challenge further downside. USD/TRY eases to 7.9314, down 0.28% intraday, during Thursday’s Asian session. In doing so, the pair extends Wednesday’s pullback from 200-bar SMA as MACD eases towards the red. However, an upward sloping trend line from Friday, at 7.8615 now, probes the USD/TRY sellers, for now. Also acting as the key downside filter is an area including November 11 low and November 17 high around 7.7835/7970. Alternatively, an upside clearance of 200-bar SMA, currently around 8.0080 needs… 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.
