USD/TRY Daily Candlesticks & Ichimoku Chart –   SHORT  

TRY has been extremely resilient against the USD in recent days despite weakness in other Emerging Market currencies. USDTRY is poised to close below the daily Ichimoku cloud soon. The downtrend is about to begin in earnest.

Vee, our Founder/CIO highlights patterns/formations on selected chart(s) every week which may have the potential to turn into trading opportunities. These charts are first sent out on Monday of the week to members subscribed to THE LONG & SHORT OF IT, which helps you to filter out the noise and condense only what’s important in the markets for the week ahead.

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