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USD/NOK 4H Chart: Channel Down

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Feb 15, 2016.

  1. Sandra S.

    Sandra S. Forum Member

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    USD/TRY 4H Chart: Triangle Comment: USD/TRY has recently broken through the 15-month up-trend, which implies a strong negative long-term bias. In addition, there is a triangle emerging after a sell-off, further strengthening the case for weakening Dollar. USD/TRY is expected to close beneath 2.93 and resume the decline. And while the rate is highly likely to pass through the monthly S1 and February 4 low, bears might find it difficult to push the price beneath the 2.87/2.86 demand area. There,

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