LiteForex - Analytics

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    USD/TRY: technical analysis on 13.10.2015

    On the daily chart, the price is moving up from the bottom MA of Bollinger Bands. A long-term uptrend does not seem to be broken yet as EMA130 is still directed up, while the RSI failed it support at 31.6. However, there is a chance that the pair has formed a double top formation earlier in September. 

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