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Technical Analysis
Navigation FX - Technical & Fundamental Analysis
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[QUOTE="Navigation FX, post: 117947, member: 39595"] [SIZE=6][B]USD/TRY – TRIANGLE FORMATION, BREAKOUT[/B][/SIZE] In the last week week of the year we have seen an increase in US dollar vs. TL. We see that the Turkish Lira has been depreciating against the US dollar against more than other emerging market currencies. The past few days have shown that buyers remain control in this parity, breaking upwards in a triangle formation. We see RSI flipping over, reaching towards 70 indicating that buyers are continuing their stance. Important places to note are 3.55-3.56 and 3.5960 resistances, where these points will react to increases... For more: [URL]http://www.navigationfx.com/usdtry-technical-analysis-2/[/URL] [IMG]http://www.navigationfx.com/wp-content/uploads/2016/12/USDTRY-1.png[/IMG] [/QUOTE]
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