Free Trial
USDCAD TECHS

Remains Vulnerable

AUDUSD TECHS

Northbound

US TSYS

Late SOFR/Eurodollar/Treasury Option Roundup

EURJPY TECHS

Holding On To Its Recent Gains

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

CEEMEA FX Price Signal Summary - USDTRY Uptrend Still Intact

EMERGING MARKETS
  • USDZAR is holding on to its recent gains. Despite a move higher, the downtrend remains intact and this week’s gains are considered corrective. The recent breach of 16.7815, the Jan 4 low, confirmed a resumption of the bear trend. This paves the way for a move towards the 16.50 handle next. Moving average studies are in a bear mode position, highlighting a dominant downtrend. Firm resistance to watch is at 17.4343, the Jan 6 high. A break would alter the short-term picture.
  • The primary trend direction in USDTRY is unchanged and remains up. The 18.7000 handle has been breached and the focus is on the 18.8000 handle (pierced) and 18.9000 further out. The 20-day EMA, at 18.7384 marks the first support.
120 words

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.
  • USDZAR is holding on to its recent gains. Despite a move higher, the downtrend remains intact and this week’s gains are considered corrective. The recent breach of 16.7815, the Jan 4 low, confirmed a resumption of the bear trend. This paves the way for a move towards the 16.50 handle next. Moving average studies are in a bear mode position, highlighting a dominant downtrend. Firm resistance to watch is at 17.4343, the Jan 6 high. A break would alter the short-term picture.
  • The primary trend direction in USDTRY is unchanged and remains up. The 18.7000 handle has been breached and the focus is on the 18.8000 handle (pierced) and 18.9000 further out. The 20-day EMA, at 18.7384 marks the first support.