Confirming you are not from the U.S. or the Philippines

Dengan memberikan pernyataan ini, saya mengaku dan mengesahkan bahawa:
  • Saya bukan seorang warganegara atau pemastautin A.S.
  • Saya bukan warga Filipina
  • Saya tidak memiliki secara langsung atau tidak langsung lebih daripada 10% saham/hak mengundi/faedah pemastautin A.S. dan/atau di bawah kawalan warganegara atau pemastautin A.S. yang dilaksanakan dengan cara lain
  • Saya tidak berada di bawah pemilikan langsung atau tidak langsung lebih daripada 10% saham/hak mengundi/faedah dan/atau di bawah kawalan warganegara atau pemastautin A.S. yang dilaksanakan dengan cara lain
  • Saya tidak berafiliasi dengan warganegara atau pemastautin A.S. dalam terma Bahagian 1504(a) FATCA
  • Saya menyedari akan liabiliti saya kerana membuat pengakuan palsu.
Untuk tujuan pernyataan ini, semua negara dan wilayah bergantung A.S. adalah sama dengan wilayah utama A.S. Saya memberi komitmen untuk mempertahan dan tidak mempertanggungjawabkan Octa Markets Incorporates, pengarah dan pegawainya terhadap sebarang sebarang tuntutan yang timbul dari atau berkaitan dengan sebarang pelanggaran pernyataan saya ini.
Kami berdedikasi terhadap privasi anda dan keselamatan maklumat peribadi anda. Kami hanya mengumpul e-mel untuk memberi tawaran istimewa dan maklumat penting tentang produk dan perkhidmatan kami. Dengan memberikan alamat e-mel anda, anda bersetuju untuk menerima surat sedemikian daripada kami. Jika anda ingin berhenti melanggan atau ada sebarang soalan atau masalah, tulis kepada Sokongan Pelanggan kami.
Octa trading broker
Buka akaun dagangan
Back

USD/TRY Price Analysis: Bears pause around seven-week low amid oversold RSI

  • USD/TRY seesaws in a narrow range after four-day downtrend.
  • Sustained break of key support lines, 100-DMA keeps sellers hopeful.
  • Bulls need a clear break of $8.4550 for fresh entry.
  • Turkish CPI for July may extend corrective pullback.

USD/TRY treads water around $8.3563 amid early Tuesday. The Turkish lira (TRY) pair dropped to the lowest since June 14 after breaking ascending trend lines from late April and mid-February, as well as 100-DMA, the previous day.

However, oversold RSI conditions seem to probe the pair sellers around multi-day low, not to forget the pre-data caution. That said, Turkey is slated to release July month’s Consumer Price Index (CPI) at 07:00 GMT on Tuesday. Market consensus favors softer prints of 1.54% on MoM versus firmer yearly figures of 18.5%.

Even if the data trigger the corrective pullback towards challenging the immediate hurdle, namely 100-DMA level of $8.3825, USD/TRY bulls remain unconvinced till the quote stays below a convergence of the previous support lines near $8.4550.

Following that, a descending resistance line from late June, near $8.5860, will be important to watch.

Meanwhile, sustained weakness could direct USD/TRY prices to June’s low of $8.2775 before the late April’s swing low near $8.1300 gain the market’s attention.

Overall, USD/TRY remains bearish ahead of the Turkish CPI data but RSI conditions may help the countertrend traders if economics weaken the TRY.

USD/TRY: Daily chart

Trend: Bearish

GBP/USD consolidates below 1.3900 as USD rebounds

GBP/USD edges higher on Tuesday’s Asian trading session. The pair made a high near 1.3935 in the previous session but failed to holds the gains. At th
Baca lagi Previous

Australia RBA Interest Rate Decision meets forecasts (0.1%)

Australia RBA Interest Rate Decision meets forecasts (0.1%)
Baca lagi Next