USDTRY is following its yearly trend, as of now it should go much higher - $7.3-7.5, then we could see some correction, but in future probably $9 will see
We can open Buy after the breakout and pullback to the Support/Resistance Zone. The trend is bullish now, that's why it's a huge chance the price will continue to rise. Potential profit will be 3 times bigger than the risk. Push like if you think this is a useful idea! Before to trade my ideas make your own analysis. Write your comments and questions here! Thanks...
While the emotional crowded is full focussed on the S&P, CoronaVirus, Crypto, "exotic" currencies are all dropping hard. Economic slowdown ==> The poor end up in the street first. Turkish people really hate it when I call their country a third world country. They are in denial poor guys, and have been for decades. Just the way it is not my fault. Parts of europe...
Symmetrical triangle violated ---- check Fib level 0.705 taken out via double bottom ---- check Upside previously tested via long wicks ---- check Fundamental (news, macro etc) ----- check Where do you think $TRY is going soon? Not financial advise, course.
Please support this idea with LIKE if you find it useful. Price formed an Ascending Triangle, that is a bullish pattern. We can initiate a long position if there is a confirmed breakout of Resistance level. Thank you for reading this idea! Hope it's been useful to you and some of us will turn it into profitable. Remember this analysis is not 100% accurate....
USD/TRY daily chart.
Even though financing rates against Lira are quite painful, we believe it will take a day to complete this. Last time we spotted the move down even though we got stopped. Entry: 5.875 Stop: 5.835 Target: 5.93 Have a nice week! Follow for more.
Looking at the Turkish Lira's developing MSCI Emerging counterparts, it was very fragile in a financial quarter of time, and 10-year bond yields did not increase.(TR10Y) This could make the Turkish Lira vulnerable to attacks. Although this analysis includes a low Risk / Reward ratio, I have shared it as a roadmap for lower time periods. Because the risk /...
Hey Traders, I hope everyone is having a good time as the year is ending and new one is beginning soon; I saw this market or the dollar-Lira which the market has broken the resistance area and then retested, if the market holds above this level and the breakout turns to be real one, then the Lira is going up, my target is the second resistance area which the wig...
The main trend is a very strong upwards however it's time to take some fuel from lower levels. Entry: 6.593 Stop: 6.63 Target: 6.52 Have a good week.
Just like our EUR/TRY idea, Lira looks bad in the larger frames but not before taking this correction. Entry: 5.943 Stop: 5.965 Target: 5.86 Have a nice week.
USD/TRY (Update) Ascending Triangle Breakout & Retest Done in Daily chart so Keep Your Eyes on it. I'm Expecting Uptrend in Coming days if Hold the Current Support. Target is Mentioned in the Chart. (Previous Top) Please like, subscribe and share your ideas and charts with the community!
expecting USDTRY pair back to 5.68. good luck.
Suddenly, the Turkish lira is experiencing accelerating weakness. EUR/TRY, for example, has been spinning higher lows and higher highs include this week's fresh breakout. These runs usually continue until some dramatic flourish with the Turkish lira losing a LOT within minutes. I won't be surprised to see a 10%+ move in the coming weeks. Note that those climactic...
USDTRY is bullish, moving in a rising channel and intertwined patterns&the probable of the Bearish Bat Pattern D leg's levels.. seems likely to rise probability on the medium-long term. Good luck!
Turkish Lira has finally broken above 5.8 resistance level. Now we can expect further bullish continuation to higher structure levels 5.85 5.90