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....
The USDTRY improved after a massive freefall when the Turkish president announced changes in monetary policies. We have however seen traders be more bullish for the USDTRY although many traders sold the currency pair earlier this month. We have now seen multiple confirmation for a bullish run in 2022 with a breakout of the down trend on the H4 timeframe, a double...
USDTRY next support is around 10 lira per USD After that it will hit the old ascending channel
This is a classic example of risk management, if there is anyone who is over leveraged before the crash, the account must have been wiped out. I wish noone be in that position but if there is any survivor then probably a story to tell and help the community. Why I am inclined towards long. #1 : This is a retracement of the entire move from the beginning of...
USDTRY, now after stablizing at this zone, if the price can break 12.60 will be the strong upward, so now i expect will get upward slowly. —— Tendency: upward Entry: above 11.50 Target: 12.6 & 13.8 & 15.00 —————————————
Hello traders, Everything is clear on the chart for you like always. So monitor the price's behavior 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 for me
Turkish Lira Chart / US Dollar This is just an idea, and it depends on Turkey's economic policies.
Everyone wants to know where it's going...Why not just scalp these areas USDTRY THE MAIN FOREX PAIR that has been very active in the news in 2021. Generally speaking all main gaps get filled...Let's see where market should fined some two way auction. My main trading analysis is always through orderflow & volume profile . I mainly scalp Futures (ES & NQ) I have...
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...