Trading strategy and signals for the currency pair USDTRY 4-5-2017 by AzaForex forex broker, best forex trading strategy

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Turkish lira in the forex market has always been very sensitive to political news, and in Turkey it's very unsettled. Plus, Turkey does not give up the dream of getting into the EU once, which means it is targeting the Euro, which is also weakening against the dollar. The US currency continues to beat the lira in the forex market, where all attention is now focused on this pair. Also, we should not forget that the Central Bank of Turkey is trying to curb the huge external pressure on its rates. Replenish your account with a forex broker, because it's time to fly ahead, for profit. The dollar price in relation to other currencies traded on the currency exchange slowly went up. The chart shows that the price moves all the time from the upper border of the corridor to the bottom. Now the growing movement resumed with a new force. Profit of 700 points is a worthy investment in the foreign exchange market.


The price is above a simple moving average 200 MA and 20 MA indicating bullish trend.
The MACD trend indicator is above zero level now, indicating bullish movement.

If the resistance level is broken you can use the following recommendation:
•    Chart timeframe: Day
•    The trade recommendation: Buy
•    The level of entry into long position: 3.6900
•    The level of profit and close the position: 3.7600 (700 pips)

Precious metal GOLD 
Opportunity to buy if the price crosses the resistance level 1261

Forex currency pair GBPUSD
Opportunity to buy if the price crosses the resistance level 1.2500

Forex currency pair USDCHF
Opportunity to buy if the price crosses the resistance level 1.0040

Forex currency pair EURUSD 
Opportunity to buy if the price crosses the resistance level 1.0690