USDTRY 18.02.2020 Market Analysis Forex

USDTRY 18.02.2020 Market Analysis Forex It was followed that President Erdogan and US President Trump had a telephone conversation on regional developments. On the first trading day of the week, T.C. The Central Government budget balance announced by the Ministry of Treasury and Finance posted a surplus of 21.5 billion TL in January. During the day, while the markets in the USA remained closed due to the holiday, it was observed that the currency continued its downward limited movement at the end of the day with the developments in the country and the relatively decreasing geopolitical risk. When analyzed technically, it was observed that the Dollar continued to be determinant at 6.04 level. In the event that the trend in the exchange rate continues with the downward movement along with future sales, the levels of 6.02, 6.00 and 5.98 are important support levels to follow. 6,06, 6,08 and 6,10 resistance levels can be followed in the upward movement of the trend in the exchange rate and possible purchases. [mstock id = "1597"] EURTRY While the current balance data was followed in the last trading day of the past week, leading growth data was followed in Germany and the Eurozone. On the first trading day of the week, weak economic data flows in the Eurozone continue, while the Turkish Republic's The Central Government budget balance announced by the Ministry of Treasury and Finance posted a surplus of 21.5 billion TL in January. It was observed that the developments and the decreasing geopolitical risks followed during the day continued the limited losses of the cross on Turkish assets. Technically, it was observed that the cross continued to be decisive at the 6.55 level. If the downward trend continues as long as it is below the 6.57 resistance level, 6.53, 6.50 and 6.48 levels are important support levels to follow. 6,57, 6,59 and 6,62 resistance levels can be followed in the upward trend in the exchange rate with possible purchases. [mstock id = "1528"] EURUSD While the pioneering growth data was followed in the Euro Zone on the last trading day of the past week, Retail Sales and Industrial Production data were followed in the USA. Weak economic data continued in the Euro Zone on the first trading day of the week, while markets in the US were closed for holiday reasons. While the concerns of the virus spreading in the global markets continued during the day, it was followed that the parity continued downwards with the developments observed at the end of the day. Technically, it has been observed that the pair continues to be decisive at the 1.0830 level. If it remains below the 1.0860 resistance level, 1.0810, 1.0780 and 1.0760 levels are important support levels to follow, respectively. In case of an upward movement of the pair, resistance levels of 1.0860, 1.0890 and 1.0915 can be followed. [mstock id = "1171"] XAUUSD On the first trading day of the week, while the markets in the USA remained closed due to President's Day, investors' attention was observed to focus on explanations with different evaluations on the pace of the epidemic. While the concerns of the virus spreading in the global markets continued during the day, it was observed that Gold continued horizontally with the developments observed at the end of the day. Technically, it was observed that Ons Gold continued to be decisive at the $ 1586 level. If Ons Gold continues its upward movement with increasing demand, 1592, 1598 and 1605 levels are the important resistance levels to follow. In case of a possible downward move, 1580, 1574 and 1568 support levels can be followed in the short term. [mstock id = "1605"] GBPUSD Weak economic data continued in the UK on the first trading day of the week, while markets in the US were closed for Presidents Day. While the concerns of the disagreeable Brexit and the spreading virus continued throughout the day, it was followed that the GBPUSD parity continued downwards on the second day with the developments observed at the end of the day. Technically, it was observed that GBP / USD continues to be determinant at the 1.3000 level. As long as the downtrend in the parity continues, sales to come as long as they remain below the resistance level of 1.3040, 1.2970, 1.2940 and 1.2900 are important support levels to follow. 1.3030, 1.3060 and 1.3100 resistance levels should be monitored in the upward movement of the potential purchases and the trend in the parity. [mstock id = "1603"] USDJPY On the first trading day of the week, the markets in the US remained closed due to Presidents Day, while the Japanese economy shrank 6.3 percent year-on-year in the fourth quarter of 2019 compared to the previous quarter. Thus, Japan recorded the toughest shrinkage of more than five years. While the concerns of the virus spreading in the global markets continued during the day, it was followed that the USD / JPY parity continued upwards on the second day with the developments observed at the end of the day. When analyzed technically, it was observed that USD / JPY parity continues to be determinant at 109.80 level. If the upward trend continues as long as the 109.70 support level remains above, 110.00, 110.30 and 110.50 are the important resistance levels to follow. If the possible sales and the downward trend in the parity are down, 109,70, 109,50 and 109,20 support levels can be followed. [mstock id = "1527"] CRUDE OIL On the first trading day of the week, the markets in the USA continued to be closed due to Presidents Day, and it was observed that they achieved their biggest weekly earnings since September in the early hours of the day. As a result of the decrease in the hopes that the OPEC + coalition will convene immediately after the virus during the day, it was observed that Petrol continued its horizontal course with the developments followed. Technically, it was observed that Crude Oil remained determinant at $ 52.10. 52,80, 53,45 and 54,20 are important resistance levels that should be followed if the upward trend in Crude Oil continues, as long as it remains above the 51,40 support level. 51.40, 50.50 and 49.80 support levels should be followed in the downward movement of the trend with possible sales. [mstock id = "1600"] XAGUSD While worries about the effects of coronavirus continued on the last trading day of last week, it was followed that Silver continued its upward movement at the end of the day. On the first trading day of the week, markets in the USA were closed for Presidents Day. While the concerns of the virus spreading in the global markets continued during the day, it was observed that Silver continued upwards on the third consecutive day with the developments followed at the end of the day. Technically, it was observed that Silver continued to be decisive at $ 17.80 level. If the upward trend continues with the purchases that may come as long as it remains above the 17.65 support level, 17.95, 18.10 and 18.30 are important resistance levels to follow. 17.65, 17.50 and 17.30 support levels should be followed in the downward movement of the possible sales and the trend in Silver. Source: AHL Analysis