(17 October 2019)USD/TRY Watch 5.8530.

(17 October 2019)USD/TRY Watch 5.8530.

17 October 2019, 09:00
Jiming Huang
0
24

tr
Pivot
 (invalidation): 5.8930
Our preference
Short positions below 5.8930 with targets at 5.8670 & 5.8530 in extension.
Alternative scenario
Above 5.8930 look for further upside with 5.9100 & 5.9300 as targets.
Comment
Technically the RSI is below its neutrality area at 50. The pair has posted a bearish pattern of
lower highs while being capped by the descending 20-period moving average.

(By Swissquote TRADING CENTRAL)

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