USD/TRY surge reaches above 15.00

Note: This section contains information in English only.
Source: Dukascopy Bank SA


Since the review of the surge of the USD/TRY done on November 17, the rate has surged additional 43.10% or 45,910 base points. Most recently, the pair broke the resistance of the 15.00 level

In regards to the near term future, a continuation of the surge could find resistance in round exchange rate levels. Note how resistance was provided by the 13.00 and 14.00 levels. Due to that reason, the 16.00 and 17.00 levels might act as resistance.

However, a retracement down would most likely also react to round levels. For example, the 12.00 mark provided support in late December, when the pair bounced off the 13.00 level.
Back to articles

Actual Topics

Fri, 17 Dec 2021 09:06:21 GMT

USA 500 index books new high

On December 16, the USA 500 index booked a new all time high, as it touched the 4,750.00 mark. However, the new high level provided resistance and a retracement to the 4,650.00 level occurred. In the case that the index continues to decline, it could look for support in the 50-day simple moving average near 4,600.00. Further below the

Thu, 16 Dec 2021 08:09:01 GMT

Tesla passes retracement level

The stock price of Tesla recently passed the 61.80% Fibonacci retracement level of the 2021 low and high levels at 975.35. On Wednesday, December 15, it appeared that the price had confirmed the level as resistance. Meanwhile, the 2021 high levels and November low levels reveal a channel down pattern, which has guided the price for more than a

Subscribe to "Fundamental Analysis" feed

Subscribe
Per scoprire di più sulla piattaforma di Dukascopy Bank per Forex/CFD, sul SWFX ed altre informazioni relative al trading,
la preghiamo di contattarci o richiedere di essere contattato (callback request)
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.
Per scoprire di più sulla piattaforma di Dukascopy Bank per Forex/CFD, sul SWFX ed altre informazioni relative al trading,
la preghiamo di contattarci o richiedere di essere contattato (callback request).
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.