This is technical analysis of the current FX:USDTRY (US Dollar/Turkish Lira) Pair. TP (Target): 9 TRY SL (Stop Loss): 7.7 TRY This is not financial advice.
Timeframe 4H: Above the channel will get 8.388 Under the channel will get 7.740
The Short to M/T"s crucial level is 8.5, sustain trading above this level we may see 9 or higher. Failure to comfortably penetrate up and sustain trading above 8.5 leads to 6.5 area during the coming months.
i think in this summer xrp is 4 dollar. NFA!
1-Above 7.950 will get 8.388 then 8.530 2-stabilize under 7.900 will get 7.741 .. ———————- But first option upward have more probability because make it stable above 7.95 and 8.130 this price is recommended to get 8.30 then 8.50 ,,, But another side downward should be break the 7.74 to take strong sell
This macro event can accelerate #Bitcoin to new highs; Turkey has no regulations or taxes on crypto. If you lived in Turkey and this was happening, gold is confiscated...what would you do?
I posted this long Idea based off this green trendline shown, back in February. Price reacted to that level, but more importantly are the Macro events in Turkey at the moment. I see the trade long. I have highlighted a 2:1RR with 1% Risk. This is a 12 hour chart...I am stepping back in timeframes to wash away some of the silliness in the market, it's helping.
EN- DXY, which has been bearish for a very long time, has recently been on the rise. While it's a strange situation these days where incentive packages are always and everywhere, this is the truth. Dollar index MA200, (now Daily MA200: 92.585) which it could not break for a long time, is a critical point. If the confirmation that this point is broken, people's...
It’s 2007, you are sitting at home watching the Eurovision Song Contest and this dude from Turkey, Kenan Doğulu, completely rocks the show with his song “Shake It Up, Şekerim (my sugar)”! Fast forward 14 years, a lot of shaking is happening in the Turkish Lira against which the Euro gained massively recently. As it stands right now, we expect the Euro to hit...
The Turkish Lira has recovered heavily from November onwards – well, in relation to the catastrophic losses of the last years. However, this recovery should be over now. As we have landed in the target zone between 8.630697₺ and 8.145568₺, we expect the Euro to come back and valuate against the Turkish Lira. Here, we expect to get more than 10₺ for each Euro in...
You have any hesitation above the chart Have any glitch on the TRYJPY monthlies price chart ? i hope traders can properly indentify my charting glitch ! TRYJPY expectation is rights? TRYJPY will be gone moon ! #TRYJPY Where will be arrived? TRYJPY BULL prive movement prediction ready i believe that . TRYJPY mine own perspective so what's your opinion on the...
Lira is the best performing EM currency against US dollar at the moment. Not a surprising move after unorthodox monetary policy by CBRT. However I do think we are pretty close to a rebound from here. AB=CD move and daily demand zone area crossing, this is where I will be looking for bullish price action.
USDTRY USD TURKISH LIRA - BULLISH DIVERGENCE ON Daily Chart
yo guys here we are again! as you can see in the chart we have flag pattern and near supply zone and wave 3 of eliott! the 3 eliott wave will go down for 1 percent of fibo eXT, so we expect the price go near 7.0000 and next reverse for the wave 4!
It is pretty debatable but lira may hit an ATH or at least lira had a local top. The fundamentals are bleak or against the lira but US dollar's depreciation has a limited impact on the trend. Moreover, Wyckoff's schematics, in particular distribution, supports the idea. 7.15 will be a quite important support. 6.07 and 5.12 will then be important levels to follow.