Don’t waste your time – keep track of how NFP affects the US dollar!

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.

Join the Facebook community of FBS!

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Email tooltip

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

FBS Mobile Personal Area


USD/TRY: at 16-month resistance

USD/TRY: at 16-month resistance

Information is not investment advice

Long term

While the battles between the USD and its European and Asian counterparts keep going, the currencies of the developing countries show little resistance to the US dollar. The Turkish lira is one of them.

Coronavirus and the oil price war changed little for the upward tendency of the USD/TRY. Currently, it trades at 6.83 where it tests the 16-month resistance. In the long term, the currency pair has all it takes to reach its all-time high at 7.05 and go further up.


Short term

If the dynamics of this currency pair performance keep their pace, the resistance of 6.83 will not take long to get broken. The Awesome Oscillator suggests that the upward movement has not reached its local peak yet, and is likely to continue in the same direction until it reaches the ranges of 6.90. At that level a bearish reversal may be expected. In this case, the support of 6.74 enhanced by the 50-MA will be there to check the downward movement. Additional support may be placed at 6.62 with reference to 100-MA, just in case of severe turbulence. The latter is unlikely, though, but it is better to be prepared for this kind of scenarios.


                                                                                             LOG IN


How will ECB Drive EUR?

What will happen? The European Central Bank will present the monetary policy statement on June 22…

USD/CAD Reversal Pattern

After a notable rally all the way to 1.28, USD/CAD dropped back to 1.2730 yesterday, confirming our outlook mentioned a few days ago about the need for a downside retracement before the upside trend resumes.


New Trend in Tech Stocks?

When Twitter Inc. and Snap Inc. posted quarterly revenue that blew past analysts’ expectations, the results bumped up the shares of the two of their larger rivals: Facebook Inc. and Alphabet Inc.

EUR/USD Holding After ECB Decision

EUR/USD managed to rise for a very short period of time right after the ECB decision to as high as 1.1798 before declining and giving away its entire gains.

Choose your payment system

Learn more


Please fill in the form below so we can contact you

Select the best time for us to call you. We give calls from Monday to Friday in suggested intervals. In case we couldn't get through, we will try again at the same time the next day. For getting real-time assistance, use FBS chat.

We provide only English-speaking callbacks. If you prefer any other languages, contact the support team.

We will call you at the time interval that you chose

Change number

Your request is accepted.

We will call you at the time interval that you chose

Next callback request for this phone number will be available in 00:30:00

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later