December 2-6, 2019 Week

USDTRY

Dollar Turkish Lira ‘s time as to decide which direction to rally is almost ending !

This week, it shall break 5.79 psychological level, above 5.74 level and target 5.9250 level..

 

Support is at 5.70 level..

EURO

Euro was expected to decline with the target of turning the direction, last week which made ‘doji’ formation..

This formation is either the half way on its decline or the turning point as to turn the direction…

How to know which one it shall be?

If it breaks 1.10969 level, above 1.10322 level = it’s a turning point…

 

Otherwise, if it trades below 1.10143 level, it shall decline further to 1.0946 level…

GOLD

Gold declined as expected last week…

It  may continue declining limitedly, below 1469 level, as to find enough buyers to turn the direction upwards and to target 1481-1487 range, in short term…

 

Support is at 1450-1445 range…

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