This week has seen the USD/Turkish Lira exchange rate drop from a high of 18.25 TL per Dollar to a close at 11 TL per Dollar. In my previous idea published in January 2021. The concepts I laid out in that idea are still valid. The curve I drew still holds intact. RSI is still rising in the parallel channel. The recent spike has seen RSI reach even higher value...
This is just a quick look at the USDTRY pair. I'm evaluating the recent recovery of the Turkish Lira versus the dollar from about 8.5 TL per dollar to 7.3 TL. In my estimation, this recovery has not shown enough strength to continue. We can see that as soon as it touched the bottom of the drawn curve, RSI has reached the bottom of its parallel channel. That's as...
i think Turkish lira in coming down again all goverement can be force anything in future its not financial advice just idea from chart
Inflation is running hot in Turkey at 21% YoY & soon to surpass the 2019 high of 25%. And yesterday the central bank, or dare we say President Erdogan, cut the weekly repo rate by 100 bp to 14%. His theory is that lower rates will tame inflation. And the Turkish Lira promptly hit an all-time low against the US dollar. President Erdogan for chair of the US Fed, anyone?
50% gains in a month - bullish! Tough times ahead for the Lira.
US dollar vs Turkish-Lira , again and again upward. —- Upward Above 14.11 Tp.: 14.62 & 14.95 & 15.45 Sl.: 13.75
As you can see in the previous price actions after the interference of the Turkish Lira it seems that the Currency has gotten a Chronic Disease now. The fast bounce back conclude that there is globally no trust within the Turkish Economic Politics. As the Minister of Treasury has already been replaced within 3 years and the independence of the Turkish Central...
The chart pretty much explains itself. If the Turkish Central Bank can't interfere at the right time and place, we'll be seeing the Turkish Lira losing even more value and USD becoming equal to 8.70 Turkish Liras in December. Then we might see a retraction just like Bitcoin as the parabolic growth becomes unsustainable.
Back on March 31 of this year I posted this charts below. Unfortunately I had tried to demonstrate the imamate collapse of the TRY and posted the chart of TRYUSD instead of posting the correct ticker USDTRY. As such I marked long TRYUSD instead of Long USDTRY. None the less the comments do not signal bullish for the TRY. it has lost 40% of its value in just days...
We are observing a long-term trend of the depreciation of the Turkish currency. According to the Trend-Based Fib Extension, the 161.8% level is a good resistance and a target for the bulls. At the moment, USDTRY is pressing its ATH and consolidating under it. I expect an impulse breakout and a continuation of the uptrend. Best regards EXCAVO
This my USD/TRY ideas. This was the trend I followed for Turkish Lira's
In the traditional Turkish calendar, there are only 2 zodiac animals. Next year seems to be bull.
Bir ülkenin varlıkları nasıl suni krizler ile yok paraya satılır.
Anadolu Efes USD bazında tarihinin en düşük değerinde
The direction of USDTRY it will try to stable above the resistance level to continue their upward trend . Upward above 9.47 Target.: 9.54 & 9.61 & 9.70 Sl.:
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.