USDTRY potential reversal due to negative divergence
Technical ;
There is a clear negative divergence in MACD , STOCH & Price indicators at USDTRY charts, indicating a potential reversal here.
if USDTRY closes the day below 7.10, we might see 6.60 as a new target.
Socio-political ;
news about a swap-line agreement will be decisive for the direction of the trend. An agreement may lead to a large gap down.
Gut-Feeling ;
USDTRY may head to 6.60 soon.
There is a clear negative divergence in MACD , STOCH & Price indicators at USDTRY charts, indicating a potential reversal here.
if USDTRY closes the day below 7.10, we might see 6.60 as a new target.
Socio-political ;
news about a swap-line agreement will be decisive for the direction of the trend. An agreement may lead to a large gap down.
Gut-Feeling ;
USDTRY may head to 6.60 soon.