Tendency upward. Now will try to break the 18.25 is the highest of the this pair and if break strong ressistance then will start a newstrong bullish trend. 20 21 are on desk in long term. *Please share your opinion on it, write in the comments. Dont forget some cheers bravo. " Teşekkürler.
USD/TRY broke the resistance of 17.97 and the area above it(green) which was previous resistance for a while. After the rate cut of the Turkish Central Bank, Turkish Lira lost value and USD/TRY index broke the psychological resistance of 18.00 I think we will see more choppy bullish price action because the RSI is overbough and MACD is decreasing in the 4H chart.
USD/TRY now looks to the CBRT - USDS/TRY clinches the second session in a row with gains on the back of the continuation of the bid bias in the greenback, always amidst persistent risk-off tone and helped further by rising US yields. - In the meantime, the lira is expected to remain under scrutiny ahead of the interest rate decision by the Turkish central bank...
Hello traders and arkadaslarim, This is an update of previous analysis (blow link). Everything is clear on the chart for you like always. So monitor the price's action in the circle. After breakout the resistance zone and fixation, we can buy and for lower risk after pullback. Good luck. If you like the idea, do not forget to support with a like and follow me for...
Doge to $4.20 and then 6.99 Iykyk Do Only Good Everyday
USD/TRY may end the uptrend for a period of time in a bear market correction. Either the bear market is in the going or the uptrend may still needs to make more uptick before the bear market resume. The wave count and chart pattern may give us a clue for the direction of the trend. Only sustain trading above 18 Lira to one US Dollar may destroy the bear market...
Hello traders and arkadaslarim, Everything is clear on the chart for you like always. So monitor the price's action in the circle. After breakout the resistance zone and fixation, we can buy and for lower risk after pullback. Good luck. If you like the idea, do not forget to support with a like and follow me for next analysis :) Write your comment and opinion below to me
The USD/TRY pair extended its dramatic turnaround from a record high touched earlier this week and continued losing ground through the mid-European session on Thursday. This marked the fourth successive day of a negative move and dragged spot prices to a six-week low, around the 10.20 region in the last hour. The pair, however, found some support at lower levels...
Economists look for further sharp Turkish lira depreciation. They forecast the USD/TRY above the 20.00 level in the second quarter of the year. 𝐓𝐡𝐞 𝐧𝐢𝐠𝐡𝐭𝐦𝐚𝐫𝐞 𝐚𝐟𝐭𝐞𝐫 𝐂𝐡𝐫𝐢𝐬𝐭𝐦𝐚𝐬: “We think that USD/TRY will rise to 16.25 by end-Q1 and breach well over 20 in Q2. However, this is when we expect the CBRT to start tightening, which should help bring the pair down to...
An analysis alone does not reflect the facts. It is not investment advice. If the ABCDE Pattern seen here exceeds the 17.15 resistance, it is 18.38. If it exceeds the 18.36 resistance, at 19.51, the short-term echoylation period begins. We put the point between 21.74 - 23.41 and the retreat begins. When we examine the other economic factor, we see that the value...
Looking to short from that blue zone. Want to see a rejection candle from the daily then play a limit entry with stop above blue zone. If we break through that zone then no trade.
USDTRY 4h just following blue channel. buy at bottom sell at top till to break
Turkey in financial crisis. if usd/lira cross 14.3, nothing can hinder it from 22 target rate. political disaster of President will cause huge inflation result in turkey economy.
USDTRY back to 9-9.30 area which converge with latest s/r flip line
Following our previous analysis, the Turkish Lira hit all our take profit points and began to consolidate on our resistance. I believe that traders look to exchange their Lira's for a more stable currency, hopefully one that that is performing better than the Lira before their investments become worthless. We saw the faith of investor in the Lira help boost the...
Hello Traders , Today I propose an idea that I would like to discuss with you as an equal, it is not a trading signal or advertisement, I simply expose myself as an everyday Illyrian Trader. Back to us and the desire to make money every day,every minute, every second ( comes to mind BINANCE:DOGEUSDT " WoW MuCh MoNeY " ) what do you think of this asset? ...
Some people have been pointing out to me that the Turkish stock market has been hitting all time highs consistently through 2021. However, this is only apparent when looking at Borsa Istanbul Index in Turkish Lira. Once you look at it in term of USD, it becomes quite clear that the opposite is true. The Turkish stock market has been hitting new lows consistently....