Posts tagged 'EURTRY'

Last week's strong move higher in USDTRY was the 3rd up week in a row - extending the rally from September's low for 2017. Our medium term signals had been bearish since April with the market falling by 16 big figures at the low. But the important aspect of last week's rise was confirmation of a... read more

Last week's strong improvement of 10 big figures, using the 21 week moving average as a platform, has renewed the positive bias in EURTRY that dominated the 2nd half of 2016.For the past 2 months EURTRY has traded around the 13/21 week moving average area but, despite a negative RSI crossover, has not effectively breached it... read more

Our assessment of the trend for EURTRY has been bullish since July 2016 after the spot crossover of the 21 week moving average (a golden cross) confirmed a marginally earlier cross in our RSI indicator.Throughout the latter part of 2016 and the beginning of this year, those averages, and even the 13 week line, have supported... read more

The setback from January's all-time high in EURTRY has reached key levels, and the reaction to those levels is likely to confirm or change the medium term bias. A bullish trend was clear throughout the latter part of 2016 with the strength of the uptrend emphasised by a hugging of the upper band of the weekly... read more

Our view on both EURTRY and USDTRY has been consistently positive since last July’s bullish triggers in spot and RSI.  USDTRY rose more than 30% to last month’s high and EURTRY 25%. These gains have been supported by the 13 and 21 week mvg avgs and, for the most part, have tracked the upper band of... read more

This year so far has been dominated by a steady rise in EURTRY. This has reached more than 52 big figures from low to high. But we now believe that this trend of higher lows and higher highs is under threat and that EURTRY is approaching Crunch Time. This is because the latest decline from June's... read more