LiteForex - Analytics

    LiteForex

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    USD/TRY: technical analysis on 24.11.2015

    On the daily chart, the pair is growing from the lower MA of Bollinger Bands towards the middle MA of the indicator. The price remains above the EMA130 that is horizontal, but below the EMA65 and EMA13 heading down and just underneath the 50% Fibonacci retracement. The RSI shows a choppy movement in the Bearish zone, currently breaking out its MA’s. The Composite is about to test its MA’s.

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