USDTRY had touched the support level and formed a falling wedge pattern. If it breaks through the resistance line, it will target previous high. Best regards EXCAVO
fake break and the first goal is 8 and the next goals are 9 and !
📌 Turkish Lira for the Yearly Close The strong points of the rally which we went into more detail was an absolute momentum move; the flow was a force to be reckoned with and undermined all sides of the Turkish banking system, collapsing like a house of cards. After 2019 the helplessness of Turkey's Erdogan was quite something. My dear readers, populists...
I posted a monthly chart for the Dollar a few months back that showed the Dollar will continue to lose value in the future. This will obviously not happen overnight, but I expect over the course of 2021 the dollar will continue to it downtrend. Looking at the Turkish Lira monthly chart, we see bullish divergence, and several indicators showing strength. If you...
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As I have posted last week, Turkish Lira has started its correction against USD. But not 7.8000 is my support level, which will be hard to cross, if there will not be strong fundamental advantage. We can expect 8.0000-7.8000 range for next several weeks. I will update analysis if there will be some crutial news. Terms and short forms! T - Trendlines...
My expect movement on TRY has started. Compared to my last post, check the link below Terms and short forms! T - Trendlines (T1,T2... etc.) S - Supprt levels (S1,S2... etc.) R - Resistance levels (R1,R2... etc.) TP - Take Profit SL - Stop Loss F - Fibo Levels (F23,F61... etc.) Check out my next stream "Group from Moving averages based on Fibonacci...
Analysis based on Fundamentals and Price Action. With risk Management you Will NEVER loss. Thank you.
The Chart speaks for it self!
U.S. Dollar / Turkish Lira Daily Chart The L/T trend may show an all time high in the corner. Elliott Wave count may support this scenario.
TRY can be stabilized before christmas, due to sales and tourism turnover increase. 9.0283- 8.1985 is the range for next several months if there will not be any fundamental changes as international policy of Turkye is under strong tension. A lot depends on fiscal policy and fundamental changes in the economic structure, than monetary policy. Terms and short...
U.S. Dollar / Turkish Lira Monthly Chart Has the Lira achieved a historical bottom against the US Dollar? The chart pattern and a possible Elliott Wave count may suggest so.
Price has reached our both targets T1 and T2 Still long on USD TRY, there is no any arguments why TRY can be stabilized Check out the educational stream about pattern Sperandeo www.tradingview.com
Biden win scenario has been bought till now. After elections nightmare for Turkish Lira will be over until at the end of the March 2021. Re-test of new resistance level of 7,2-7,30 FX:USDTRY
Hello traders, the readings on RSI and ATR, as well as the angle of the current hyperbolic move, make for difficult incentives for holding a long trade on EUR/TRY: therefore, I closed my trade about 50% through the profit target and made a healthy catch (over 26k). In this video the key points discussed are: - ATR divergence/waning (multi-timeframe...
Cup handle target completed. US sanctions already in the price now. fast price approach will take a powerful pullback because it has 8 weeks of new highs. ready to pull back to 7,50-7,30 area Correlated pair eurtry almost reached 10.00 psychological level
In this video I am looking at the relationship between EUR/TRY and the i-shares MSCI Turkey ETF, which allows us to look at volume data as a proxy for momentum in EUR/TRY, specifically addressing the following question: - is the MSCI Turkey ETF selling overdone? - what does the daily and weekly ETF's RSI tell us? - with the index reaching the 2018 lows, is there...