USD/TRY yesterday remains range-bound near $12.40 heading into Monday’s European session. The Turkish lira (TRY) pair snapped a two-day downtrend the previous day while staying past a weekly ascending support line. Given the MACD line teasing bullish cross, as the quote remains above the short-term rising support line, USD/TRY buyers are likely to aim for the...
A long Term uptrend daily channel may control the trend.
As you can see in the previous price actions after the interference of the Turkish Lira it seems that the Currency has gotten a Chronic Disease now. The fast bounce back conclude that there is globally no trust within the Turkish Economic Politics. As the Minister of Treasury has already been replaced within 3 years and the independence of the Turkish Central...
USDTRY Ascending Triangle; Trend Line; Exponential Moving Average
The chart pretty much explains itself. If the Turkish Central Bank can't interfere at the right time and place, we'll be seeing the Turkish Lira losing even more value and USD becoming equal to 8.70 Turkish Liras in December. Then we might see a retraction just like Bitcoin as the parabolic growth becomes unsustainable.
USDTRY is still trending upwards. Recommendation is to continue to open long positions with a trailing stop loss. Some traders may forgo trading the Turkish Lira due to spreads; but I am focusing on the net profits on this idea. Since April 2021, USDTRY currency pair has been going up.
Hello If breaking 490 down TRY will probably reach 430. After that, it can reverses up until 845 or more (900) if the bottom of the bleu corridor won't present kind of brake to that uptrend. So, that what i think Kep in mind, that i'm not exploiding a magic cristal ball, but i try to be more efficient and more rational in my trading way. Thank you and good luck
USDTRY (Turkish Lira) Foreign Currency Trend: Up Level: Diagonal Level, EMA 10 Level, EMA 20 Level
This is for entertainment purpose only. If we consider Elliott Waves count on a Point and Figure Chart, one may see a possible wave count. The count is imaginary which may reflect the current and future sentiment on the Turkish Lira Trend.
As you can see in the chart, the price is repeating it's movement from 2018 and reaching to the channel's top line. The possible targets are 13.25 and 14 and based on the chart it's now to risky to buy USDTRY.
As you can see in the chart, it can be end of a big trend. I think 12.07 is still possible, if it does not break this trend, possible scenario is to pull back to 8.9 in 2 years period.
Could this uptrend channel control the trend? What happened if the pair breaks the upper trend line?
it seems that the elliot theory on usdtry is going to touch a 2h at fib retracemenet. usd try is going to bear it to 10 then it will raise up to more than 11.
This my USD/TRY ideas. This was the trend I followed for Turkish Lira's
Currency markets were becalmed in early Asian trade on Monday. The only action was on the Emerging Markets with the Turkish Lira hitting an all-time low. Against the US Dollar, the TRY (Turkish Lira) hit a record low of 9.85 so far in early Asia. * Turkey 2021 inflation target raised to 18.4% from 14.1% * Miners lead losses in China, Russia as commodity prices...
Taking the deteriorating political and economical climate in Turkey into consideration together with strong DXY, first I expect a small pullback for a retest and a strong invalidation for downtrend and beginning of highly anticipated bullish rally. A resultant median of two scenarios is also highly possible. Not financial advice. DYOR & trade responsibly.
Ulaşabileceği en yüksek fib seviyesine ulaştı. En yüksek fib seviyesinden kastım, bu hesaplama (8.65 seviyesinden reversal) , wickleri dahil ederek ve standart olarak hesaplanması gereken swing low yerine bu swing low'dan bir önceki swing low (ara düzeltmenin swing low seviyesi) kullanılarak yapılan fib hesaplamasının sonucudur. TRY çok olumsuz haberlere rağmen...
Turkey's central bank's interest rate cut managed to raise the dollar parity to an all-time high Next November is the time for the Turkish state to pay its foreign debts. Even if the central bank keeps the interest rates constant until the end of the year, it is possible for the exchange rate level to reach 13.60 due to the payments to be made in November.