just an analayze. in the medium Term,the lira appears to continue to depreciate against the Us Dollar.
DXY tepki alımları alsada genel dxy trendi aşağı yönlü. Dolar tl paralel kenar üst sınırlarını test edicek ve kritik bölgede bulunmakta eğer kanal üst sınırlarından tepki yemesi halinde 1w/1mo. sfp oluşturabilir ve kısa-orta dönem düşüş trendi başlatabilir eğer kanalı yukarı yönlü kırması halinde bir başka s/r flip gerçekleşecek ve parabolik gitme şansı var....
Usd turkish-lira after getting the record price and can make some stability at here so i think will make a retest to down and then will try to continue their upward. —— Downtrend Entry: under 8.85 Tp.: 8.79 & 8.74 & 8.65 Sl.: 8.93 —— My previous idea about USDTRY : in the below.
TRY has been weakening against USD for a long time. Last week, Turkish Central Bank slashed its key interest rate to 18%, and the inflation in the country is more than 19%. From USDTRY log chart we can see the clear uptrend and the price movement is tightening forming a rising wedge. The ratio is climbing but with lower and lower momentum. RSI is also...
How to Calculate Andrews' Pitchfork Andrews' Pitchfork can be easily applied to price charts without a specialized drawing tool. Point 1: starting point of uptrend or downtrend. Points 2 and 3: reaction high and reaction low in the uptrend or downtrend. Point 1 = starting point of median trend line. Distance between Points 2 and 3 = channel width. Draw and extend...
I'm waiting for USDTRY parity a fix soon. this is my idea, not recommended.
I see a trade on this exotic pair. I am highlighting an entry method I use to find entries and exits of sound setup patterns using Japanese Technical Analysis . 1% Risk - 2:1 RR
USDTRY the price faild to stable under 8.46 and now will get the 8.61 —— Tendency: upward Entry: above 8.46 Tp.: 8.61 Sl.: stable under 8.46
Hello Traders, Today, with the outperformed growth data, Turkish Lira gained around 1% made a successful retest to the breakout zone of formed ascending triangle. I expect that the currency will gain momentum to finalize the movement through the target of the continuation pattern. My target area for the currency is $8.95-$9.00. 8.95 is a nice level to take...
It broke 7.26 in 92 days and increased by 18%. Until 8.57, it was the same price again after 203 days. If it breaks this place as well, it is not surprising to see double digits.
We caught a great trade from March going long (Profit/Loss Box Remains) I just don't see the economic situation getting better anytime soon for Turkey. I am actually living in Turkey currently, it's a lovely country with wonderful people, food and and and.... I see the break north, on a technical level the "Rising Wedge" pattern illustrated. Keep on...
Chart looks clean and easy. Make your own decision
Watch for breakout. Target 9.00
As we can observe the higher lows into the Resistance that signifies the strength of the trend THE PRICE WILL KEEP RISING
1hr double bottom 4hr 1-2-3 pattern forming daily fib bounce off key zone Will see highs met I am no longer affiliated with the blood suckers @forexalphas which re branded to @MarkeApes after they blew their last fxpool :D
Timeframe on 4h: In previous idea we said the turkish lira will be destroyed and will get the 8.41 then 8.53 till now breaked 8.41 but now we will wait to get 8.53 1.Stabilize Above 8.3800 will get a new price upward 2.Stabilize under 8.3700 will get down till the channel