LiteForex - Analytics

LiteForex

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USD/TRY: Fibonacci analysis on 01.03.2016

The price might turn up and start growing.

On the 4-hour chart, the price broke down the level of 2.9538 (38.2% correction) and the 50.0% fan line, directed up. However, the fall would continue only if the level of 2.9427 (50.0% correction) is broken down. In this case, the price might reach the levels of 2.9317 (61.8% correction), 2.9190 and 2.9080. If the price rebounds from the level of 2.9427, it would move up to 2.9538 (38.2% correction), 2.9673 (23.6% correction) and 2.9895.



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