TRY

The pair is trading within a Channel Up on 1D (RSI = 62.022, MACD = 0.054, Highs/Lows = 0.0493) since the August bottom. It is currently in the process of pulling back for a Higher Low and that will be our opportunity to buy. TP = 6.1000. Notice how when the RSI turns sideways it denotes a Channel pattern, both on the downtrend and uptrend. ** If you like...

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Turkish lira has already touched our target R1 - 5.9389, now trading in range 5.8446/9389. Next target is 6.0022. Tramp is going to implement sanctions against Turkey and defiantly this fact will beat Turkish currency.

Once again, the lira is poised for weakness. - The USD/TRY pair triggered an inverse H&S pattern, projecting a profit target at the 6.20 mark, with an intermediary target at 6.00 (round-number + horizontal resistance zone). - The pair completed a pullback to the broken neckline, validating the inverse H&S pattern. - A shorter-term horizontal support level lies...

Our risk / reward ratio is 0.28 in the first field and 0.09 in the second field. There was a close above 5.84. Long positions can be tried in small lots. However, losses can be a bit high since the bar cannot be sure without closing, so stoploss should be placed directly at 5.81 or 5.84. Our sales level for the first area is 6.095. If the first area breaks down,...

FX:EURTRY *** DISCLAIMER *** Any and all commentary, research, analyses, or other information published by me on this website are provided as general market commentary, and do not constitute investment advice nor a solicitation and there are no guarantees associated with them. I am not liable for any loss or damage, including without limitation, any loss of...

end of 2019 6.0-6.2 end of 2020 7.84-7.88

Looks totally clear... Indicators are getting ready to smash Turkish Lira more... Macd on the weekly about to move to positive territory... Resistance from that trend line will break and pump the price up...

I drew the main channel on KST. Must watch carefully. The upward reaction would be much more severe, but the downward reaction should be evaluated. If I see anything about it, I'm gonna give url to the new idea under this area.

Turkish lira started its downtrend rally and will drop to 600 against USD. One of the main force of Turkish economy is tourism and as touristic season is over in this county and foreigners are spending less money - local currency will drop a bit. Also the second argument is Turkeys plan to attack Northern Syria, which is a huge damage on financial and currency...

*** DISCLAIMER *** Any and all commentary, research, analyses, or other information published by me on this website are provided as general market commentary, and do not constitute investment advice nor a solicitation and there are no guarantees associated with them. I am not liable for any loss or damage, including without limitation, any loss of profit, which...

update on the previous analysis

Descending triangle, one of the sell signal technical patterns is visible on D chart. Still, MA200 is a reliable support area. RSI is below 50 levels. My play is sell, with S/L at 5.70 and T/P at 5.43

Short term scalping opportunity - don't forget to set stops

There is a huge potential for the currency usdtry to test August 2018 levels.

After breaking the triangle a short trade is an option.

Long-term movement

Expecting another short term sell here