USD/TRY Price Analysis: Bears look firmer below 50-EMA, 13.70 eyed By Sagar_Dua24 USDTRY Breaking Technical Analysis SupportResistance RelativeStrength
On a 15-minute scale, USD/TRY has witnessed a steep fall after forming a bearish divergence, in which the price made the higher high from 14.11 to 14.13 but the Relative Strength Index oscillator didn’t follow the same structure and made lower high in Wednesday’s trading session.
Generally, a consolidation phase denotes the placement of offers by the market participants who didn’t capitalize upon the initial rally or those investors place bids, preferring to enter in an auction once the bearish stage sets in. On the contrary, bulls can take the charge if the spot pierces 50-EMA at 14.40 on the upside, which will send the pair towards the 14.15 area - the confluence of Wednesday’s high at 14.13 and February 24 average traded price of 14.19.Information on these pages contains forward-looking statements that involve risks and uncertainties.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
GBP/USD Price Analysis: Bears eye a trip to below H1 support to test 1.3330sThe W-formation is a reversion pattern that would be expected to draw in the price towards the neckline for a retest of the structure as illustrated a
Read more »
AUD/USD Price Analysis: Bulls are stalling at key hourly resistance, bears eye 0.7280s and belowAUD/USD has started to be distributed at a critical level on the hourly chart around the psychological 0.73 figure. The price has extended its advance
Read more »
USD/JPY Price Analysis: Extends its losses below 115.00 amid plummeting US Treasury yieldsThe USD/JPY is under pressure for the second day in a row amid the market’s angst over Russia-Ukraine war tussles. Furthermore, the 10-year T-note clo
Read more »
USD/CAD bears are in control as commodities skyrocketUSD/CAD is stalling on the downside as the pair moves in toward the critical daily support area which had been highlighted in the prior session's anal
Read more »
US Dollar Price Action Setups: EUR/USD, GBP/USD, AUD/USD, USD/CADEUR/USD just set a fresh 20-month low and the USD continues to see a war bid, even with yields falling aggressively as rate hike bets get re-priced in the face of global conflict.
Read more »
GBPUSD Forecast, News and Analysis - FXStreetCheck our updated for GBPUSD News including real time updates, forecast, technical analysis and the economic latest events from the best source of Forex News.
Read more »