The USD/TRY charted another lower high as it retreated from the Sept. 18 high of 6.4654, adding credence to the bearish pennant breakdown witnessed on Sept. 12. What the bears need now is a break below the Sept. 13 low of 5.98. If confirmed, it would establish a lower price low and open the doors to a deeper drop to 5.68 (Aug. 16 low). On the higher side, acceptance above the trendline trending south from the Aug. 13 high and Aug. 30 high would put the bulls back into the driver’s seat. Daily Chart Spot Rate: 6.10 Daily High: 6.1157 Daily Low: 6.0763 Trend: Bearish Resistance R1: 6.2130 (10-day moving average) R2: 6.4654 (Sept. 18 high) R3: 6.5564 (Sept. 13 high) Support S1: 5.99 (Sept. 13 low) S2: 5.9068 (50-day moving average) S3: 5.6864 (Aug. 16 low) Â 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 Crypto market overview: Bitcoin stuck under $6,500, while Bitcoin Cash gains 21% in a single day FX Street 4 years The USD/TRY charted another lower high as it retreated from the Sept. 18 high of 6.4654, adding credence to the bearish pennant breakdown witnessed on Sept. 12. What the bears need now is a break below the Sept. 13 low of 5.98. If confirmed, it would establish a lower price low and open the doors to a deeper drop to 5.68 (Aug. 16 low). On the higher side, acceptance above the trendline trending south from the Aug. 13 high and Aug. 30 high would put the bulls back into the driver's seat. Daily Chart Spot Rate: 6.10 Daily High: 6.1157… 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.
