Mid-Term Forecast Trading suggestion: . There is a possibility of temporary retracement to suggested support line (7.4086). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis: . USDTRY is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 41.
Short-Term Forecast Trading suggestion: . There is a possibility of temporary retracement to suggested support line (7.4123). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis: . USDTRY is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 70.
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@ForecastCity, are you sure the market is beginning of uptrend???
ForecastCity
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@Josef_anderson, USDTRY is in a range bound and the beginning of uptrend is expected.
Josef_anderson
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@ForecastCity, how can we be sure about possibility of retracement?
ForecastCity
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@Josef_anderson, There is a possibility of temporary retracement to suggested support line 7.4123. if so, traders can set orders based on Price Action and expect to reach short-term targets.
Josef_anderson
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@ForecastCity, Thank you very much for your guidance