7640871 7/12/2017 5:18 PM, USD/TRY intraday: below its lower Bollinger band


Our pivot point stands at 3.6204.


Our preference

: the downside prevails as long as 3.6204 is resistance.


Alternative scenario

: above 3.6204, look for 3.6359 and 3.6451.


Comment

: the RSI is below 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the pair is trading under both its 20 and 50 MAs (respectively at 3.6111 and 3.6182). Finally, the USD/TRY is trading below its lower Bollinger band (standing at 3.6036).


Supports and resistances

:

3.6451 **

3.6359 *

3.6204 **

3.6143

3.5990 last

3.5806

3.5714 **

3.5622 *

3.5530 **