EUR/TRY - One of my favorite crosses, is close to strong resistance. The consolidation since the 228.49 low has dragged on longer than I expected, but this is one of this Cross advantages, as this forward premium works to your advantages in periods of consolidations.I don't expect strong resistance in the 238.00 - 238.75 area to be broken and expect this area to protect the upside for a break below 233.80 to confirm the next part of the decline towards the double-top target near 221.26.
CAD/TRY - Another TRY-cross I keep a close eye on. Here we most likely is building a major S/H/S top and the right shoulder is likely almost done. I do expect it to finish in 183 - 184 area for a break below 180.00 which will confirm a new test of the neck-line support near 175.50.I would trade this cross a little aggressive and sell in the 183 - 184 area with a stop at 189 or upon a break below 180.00 with a stop just above the top of the right shoulder.
You should also keep an eye on AUD/TRY and NZD/TRY.
What's a good CAD software program for students interested in Interior Design/Decorating?
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