USDTRY

Dollar Turkish Lira raised as assumed and the bullish state seems to continue, this week, as well…

If it trades above 5.77 level, it may break 5.7900-7955 range, to target 5.8800 resistance…

Do not forget that it’s very cheap on monthly term & may target 6.8358 !

Final note; a minor set-back till 5.74 level on upcoming Monday, should not be shocking…

Support is at 5.7312 level…

EURUSD

Euro was being monitored to see the direction after last week’s “doji” formation…

This week, above 1.1058 level, it may wana see if any sellers left at 1.1129 resistance… If there’s not any left, it shall target 1.1175-1179 range.. If there’s enough sellers, it may turn down…

Be careful with upcoming Monday’s possible decline between 1.1050-1.1000 range but do not ignore the fact that it is very cheap, on monthly basis…

XAUUSD

Gold continued declining as forecasted last week

This week, it shall break 1473 level to test 1481.49 resistance on its way to 1500 psychological target, as long as it stays above 1462 level…

Be careful with the monthly bearish tone!

Support is at 1447 level…

Stay tuned-in !

Leave a Reply

Your email address will not be published. Required fields are marked *