4 Global Market Updates- 22 September, 2022
In this article, we have covered the highlights of global market news about the USD/TRY Pair, AUD/USD Pair, EUR/USD Pair and USD/CAD Pair.
USD/TRY Price Analysis: Hovers near all-time highs at 18.40, suggesting a minor correction.
The USD/TRY pair is trying to break above the consolidation that occurred in the early European session in a limited range of 18.30-18.40. After rising over the crucial level of 18.25, the asset has been held by bulls for the last week. On Wednesday, the major printed at a new record high of 18.41 despite aggressive Federal Reserve (Fed) policies.
The USD/TRY pair has re-entered the record highs on a daily basis after surpassing the high of 20 December 2021 at 18.39. The asset is now trading at all-time highs at 18.40, but the likelihood of a little pullback is increasing as the upward momentum shows symptoms of tiredness.
The 20- and 50-period Exponential Moving Averages (EMAs), which are scaling higher and are at 18.24 and 17.95, respectively, add to the bullish filters.
Comments
Post a Comment