in USDTRY we have a Falling market mostly 161.8% of Fibonacci retracement and then we can long it the 1 TP and of price crosses the TP Zone then we can see very high prices of Fib Projection keep an eye on the white Buy line please comment your opinions
Let's see if this is just a dream or reality... If it's a re-test then next month we will see a huge price action to the upside.
USDTRY Price today shows huge volatility and bulls find this current drop an opportunity. Turkey's lira goes into 'beast mode', strengthening 9% vs USD this morning, following a historic 25% recovery from record lows, after President Tayyip Erdogan unveiled a plan he said would guarantee local currency deposits against market fluctuations. Good Luck!
I predict in the previous analysis; It happened up to the end of Fibo 432. In other words, the wave3 is over and we need to correction. This correction can last up to ten Turkish lira due to the sharp drop of MACD in daily time, means it will going to middle bolinger bands or 0.70 fibo. So; after which we will have a very small correction one again. Good luck
USDTRY has broken the top channel line. The possible target will be 23-23.5 after a pullback.
The Turkish lira crashed to another record low on Friday and shot to the 16.85-90 region against its American counterpart during the first half of the European session. The strong move up over the past two days or so comes after President Recep Tayyip Erdogan announced on Thursday to raise the minimum wage by 50% starting next year. Erdogan also said that the...
you can double check the chart that's what i can see on my side and what i believe
U.S. Dollar / Turkish Lira 30M 16th December, 2021 The 30 Minutes Chart with rising channel, we wait and see if the pair manage to break the upper trend line. Rejection and sustain trading below the line may see a correction first down to 14.3 area.
Political and economical conditions are settled for a hyperinflation cycle in Turkey. Rampant inflation, panic hoarding of real assets, limits in banks, negative reserves excluding swaps, and crazy politicians. Compare it to the argentinian hyperinflation cycle, the patterns are the same. Short Turkish Lyra,we could see a small retrace here, but the cycle has...
A Possible wave count on $/TL 2H chart. The trend as shown may target 16.
USD/TRY yesterday remains range-bound near $12.40 heading into Monday’s European session. The Turkish lira (TRY) pair snapped a two-day downtrend the previous day while staying past a weekly ascending support line. Given the MACD line teasing bullish cross, as the quote remains above the short-term rising support line, USD/TRY buyers are likely to aim for the...
A long Term uptrend daily channel may control the trend.
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...
USDTRY Ascending Triangle; Trend Line; Exponential Moving Average
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.
USDTRY is still trending upwards. Recommendation is to continue to open long positions with a trailing stop loss. Some traders may forgo trading the Turkish Lira due to spreads; but I am focusing on the net profits on this idea. Since April 2021, USDTRY currency pair has been going up.
Hello If breaking 490 down TRY will probably reach 430. After that, it can reverses up until 845 or more (900) if the bottom of the bleu corridor won't present kind of brake to that uptrend. So, that what i think Kep in mind, that i'm not exploiding a magic cristal ball, but i try to be more efficient and more rational in my trading way. Thank you and good luck
USDTRY (Turkish Lira) Foreign Currency Trend: Up Level: Diagonal Level, EMA 10 Level, EMA 20 Level