WELL WELL WELL. The USD has some strength this week. Looks like this cross pair will follow USD/TRY to the heavens.
I previously had the this pegged to go short. It fell to the 50 ema on the 15 min chart and then just took off! Lol.
Following the massive plunge on October 8, TRY/JPY entered a period of consolidation in the result of which an ascending wedge was formed. The rate tested its lower boundary late on Monday and has since re-gained some lost positions. Taking into account that this pattern was preceded by a wave down, a breakout should occur to the downside.
As apparent on the...
Following a massive upward leap of the USD/TRY exchange rate late in October 8, the rate has retreated slightly, thus standing near the 3.67 mark early on Friday. This downward-sloping movement has formed a falling wedge in the bounds of which the US Dollar is trading in a short-term channel up.
The rate has diminished its trading range and is currently located...
Tom Demark count gave a green 2 on the monthly chart. This is a clear buy signal. This happens very rare on a monthly level. Green 2 on a monthly chart means we will have up to 7 months of uptrend.
Weekly and daily charts confirms this as well.
Previous ATH was 3.94320, I expect this will be broken soon, as double tops near ATH are unicorns.
In the upcoming...
i think the cypher pattern has began to form on TRYUSD market
i have started a trade at 3.62 and waiting for next week as i think it will bearish till 3.58 and ultimately to 3.54
will update you
USD/TRY was trading in a short-term ascending channel prior to breaching this pattern on Tuesday. This breakout south should point to a possible price decline in the upcoming trading sessions. The pair falling below the 55– and 100-hour SMAs adds some ground to the bearish sentiment.
Meanwhile, the pair is currently trading in a symmetrical triangle which has...
The common European currency has been trading against the Turkish Lira in two ascending channels simultaneously. The junior pattern was formed as a result of the rate remaining at a relatively stable position during the past two weeks. As apparent on the chart, the Euro has failed to overcome a resistance area located near the 4.2189 mark.
During the last...
keep your eyes open for a break through support and trendline here for a possible short trade...
but keep in mind we need a break n close of h4 candle ... be aware of a bounce from support and continuation to the upside ..
letz wait ,see and react
The bearish sentiment that had dominated the market since early August was reversed last week when the US Dollar started to appreciate against the Turkish Lira. As a result, a short-term ascending wedge was formed.
Trend indicators suggest that the up-trend is still solid; however, other types of indicators favour a possible downside momentum. In case it is only...
The recent depreciation of the US Dollar against the Turkish Lira has confined the rate in a short-term descending channel. For most of the time, the rate remained in the upper part of the given pattern until Friday when a speech of the Fed Chair Yellen resulted in a plunge for the American currency.
The pair has since returned in the middle of the pattern and...
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Hola
Amazing times.
It started look like same to me. Volatility @ record low levels.
Waiting to buy breakout strongly.
It started to go down to low bollinger band.
A few days or weeks left for breakout.
Amazing times.
It is so clear.
It is coming.
