02.03.2020 Market Analysis Forex

USDTRY 02.03.2020 Market Analysis Forex In the fourth trading day of the week, the country's economic confidence index was followed, while durable goods orders and growth data were followed in the USA. In the last trading day of the week, Turkey's economy in the last quarter of last year by 6 percent, and 0.9 percent for the whole year grew above expectations. During the day, personal income rose by 0.6 percent in January in the US and 0.2 percent in spending, while Michigan Consumer Confidence rose from 99.8 to 101 in February. While the increasing concerns of the global markets coronavirus were followed, Turkish assets were observed to be under pressure with my increasing income in Syria. With the developments followed at the end of the day, it was observed that the exchange continued its upward movement. When analyzed technically, it was observed that the Dollar continued to be determinant at the 6.23 level. If the upward trend in the exchange rate continues with the upward purchases, the levels of 6.26, 6.29 and 6.32 are important resistance levels to follow. 6.20, 6.17 and 6.15 support levels can be followed in the downward movement of the potential sales and the downward trend in the exchange rate. [mstock id = "1597"] EURTRY On the fourth trading day of the week, while the economic confidence index was followed in the country, consumer confidence data was followed in the Euro Area. In the last trading day of the week, Turkey's economy in the last quarter of last year by 6 percent, and 0.9 percent for the whole year grew above expectations. During the day, the German inflation pre-consumer price index rose 0.4 percent on a monthly basis and 1.7 percent on an annual basis. At the end of the day, it was observed that the Turkish assets were under pressure with my increasing income in Syria, and the cross continued its upward movement on the eighth consecutive day as the concerns of the coronavirus spreading in the global markets continued. Technically, it was observed that the cross continued to be decisive at the 6.87 level. If the upward trend continues as long as the 6.84 support level remains above, the 6.90, 6.93 and 6.96 levels are important resistance levels to follow. For the possible sales and the downward trend in the exchange rate, support levels of 6.84, 6.81 and 6.78 can be followed. [mstock id = "1528"] EURUSD On the fourth trading day of the week, consumer confidence data was tracked in the Eurozone domestically, while durable goods orders and growth data were followed in the USA. On the last trading day of the week, the German inflation rose by 0.4 percent on a monthly basis and 1.7 percent on an annual basis. During the day, personal income rose by 0.6 percent in January in the US and 0.2 percent in spending, while Michigan Consumer Confidence rose from 99.8 to 101 in February. While the concerns of the coronavirus spreading in the global markets continued at the end of the day, it was followed that the parity continued to move upwards with the optimistic data announced in Germany. When analyzed technically, it was observed that the pair continues to be determinative at the 1.1040 level. If it remains above the support level of 1.1010, 1.1070, 1.1100 and 1.1130 levels are important resistance levels to follow, respectively. In case of downward movement of the pair, support levels of 1.1010, 1.0990 and 1.0960 can be followed. [mstock id = "1171"] XAUUSD On the last trading day of the week, it was observed that Ounce of Gold deepened its losses at the end of the day despite the spreading coronavirus and concerns that the spreading coronavirus would harm the global growth and the sharp decline in stocks and record decline in US ten-year bond interest rates. Technically, it has been observed that Ons Gold continues to be decisive at the level of $ 1578. In the event that Ons Gold continues its downward movement with decreasing demand, 1565, 1552 and 1540 levels are the important support levels to follow. In case of a possible upward move, resistance levels of 1588, 1600 and 1610 can be followed in the short term. [mstock id = "1605"] GBPUSD In the fourth trading day of the week, durable goods orders and growth data were followed in the USA. On the last trading day of the week, while relatively weak data flow continued in the UK, Michigan Consumer Confidence rose from 99.8 to 101 in February, while personal income rose 0.6 percent and expenditures increased by 0.2 percent in January. As concerns about the coronavirus spreading in the global markets increased during the day and fears of the disagree Brexit, it was observed that the GBP / USD parity continued its downward movement with the recovery observed in the Dollar at the end of the day. Technically, it was observed that GBP / USD continues to be determinant at 1.2820 level. As long as the downtrend in the parity continues, sales to come as long as they remain below the resistance level of 1.2880, 1.2760, 1.2700 and 1.2650 are important support levels to follow. 1.2880, 1.2940 and 1.2990 resistance levels should be followed in the upward movement of the potential purchases and the trend in the parity. [mstock id = "1603"] USDJPY In the fourth trading day of the week, durable goods orders and growth data were followed in the USA. According to the statement made by the Central Bank of Japan on the last trading day of the week, it did not change the bond purchase intervals and frequencies planned for all maturities for March compared to the previous month. In the USA during the day, while personal revenues increased 0.6 percent and expenditures increased by 0.2 percent in January, Michigan Consumer Confidence increased from 99.8 to 101 in February. While concerns about the coronavirus spreading in the global markets increased, it was observed that the USD / JPY parity deepened the losses at the end of the day despite the record decline in US ten-year interest rates. Technically, it was observed that USD / JPY parity continues to be decisive at 107.90 level. If the downward trend continues as long as it remains below the resistance level of 108.30, 109.40, 107.00 and 106.60 levels are important support levels to follow. If the upward trend in the pair is likely to be upward and possible purchases, 108.30, 108.80 and 109.20 resistance levels can be followed. [mstock id = "1527"] CRUDE OIL The coronavirus, which is spreading rapidly on the last trading day of the week, continues to fall due to concerns that it will have a great impact on global economic growth. While the disagreement on 'supply shortage' continues at OPEC, the group will meet in Vienna this week. Technically, it was observed that Crude Oil remained determinant at $ 45.20. 43,80, 42,40 and 41,20 are important support levels that should be followed if the downward trend in Crude Oil continues as long as sales remain below the 46.60 resistance level. 46.60, 48.00 and 49.20 resistance levels can be followed in the upward movement of the trend with possible purchases. [mstock id = "1600"] 1tr XAGUSD In the last trading day of the week, despite the concerns that the spreading coronavirus would harm global growth, the statements of the World Health Organization and the record decline in US ten-year bond interest rates, Silver was observed to have deepened losses at the end of the day, similar to Gold. Technically, it was observed that Silver continued to be decisive at the level of $ 16.60. If the downward trend continues with the sales that may come as long as it remains below the resistance level of 16.85, 16.35, 16.10 and 15.80 are important support levels to follow. In the upward movement of the probable potential and the trend in Silver, resistance levels of 16.85, 17.10 and 17.35 should be followed.