Norsefx

USDTRY Double top and trendchannel retest.

Singkat
FX:USDTRY   Dolar A.S. / Lira TurkI
The pair has traded sideways in a range between 3.9 and 3.4 since January 2017.

Price printed a channel blow-off top in January 2017 with intervention from the government amongs other things.
Price have now traded above the january highs and rejected 8 daily sessions in a row.

The TCMB (The Central Bank of the Republic of Turkey) defended their currency at these levels once before, odds are that they will do it again.


Technicals:Double top - trendchannel retest - 8 daily sessions in a row unable to break above 3.9 and stay above.


Looking for a move down to lower trendline support.
This trade also provides positive carry, so each day, this position will generate swaps.

Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.