USD/TRY 4H Chart: Channel Up

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
USD/TRY cross has been also showing a strong positive development. This pair has been gaining value since the last week of January when the 200-period SMA at 2.31 managed to provide pair's bulls will strong impetus. However, at the moment the US Dollar is undergoing a period of correction against the Turkish Lira, meaning that we should see some bearish development in the near-term. This particular idea is broadly shared by 74% of market participants. Despite that, both short and medium-term technical indicators are giving distinct bullish signals, therefore doubting the pair's ability to breach the closest support at 2.61 (monthly R2), which it has already failed to cross for two times.
© Dukascopy Bank SA
Back to articles

Actual Topics

Tue, 17 Mar 2015 08:53:03 GMT

USD/DKK 1H Chart: Channel Up

The rate at which the US Dollar has been appreciating relative to the Danish Krone since the beginning of March has moderated, leading to formation of a bullish channel. At the moment the currency pair is trading in the lower part of the pattern, meaning the risks are skewed to the upside. Moreover, most of the technical indicators, especially on

Mon, 16 Mar 2015 15:15:11 GMT

USD/SGD 1H Chart: Channel Up

Even though the long-term outlook for US/Singapore Dollar currency pair remains fairly positive, in the next upcoming hours the American currency is likely to under-perform its Asian peer. Just recently, the cross has bounced to the downside as the resistance was created by the up-trend around 1.3940. For now the pair has already breached the daily pivot point; however, some problems

Subscribe to "Fundamental Analysis" feed

订阅
欲了解更多有关杜高斯贝银行差价合约/外汇交易平台，SWFX和其它相关交易详情，
请致电我们或要求回电。
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
欲了解更多有关杜高斯贝银行差价合约/外汇交易平台，SWFX和其它相关交易详情，
请致电我们或要求回电。
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.