USD TRY Anticipating a Bullish Run
July 1st, 2009 Posted in Analyst Picks
• Below is the hourly chart for the USD/TRY by ForexYard.
• The indicators used are the Slow Stochastic and RSI.
• Point 1: There is a “doji” candlestick formed in the chart, indicating that a reversal should take place.
• Point 2: The RSI signals that the price of this pair currently floats in the over-sold territory, suggesting upward pressure.
• -Point 3: The Slow Stochastic indicates a bullish cross, which also supports the upward notion.
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