Chart looks clean and easy. Make your own decision
This is technical analysis of the current FX:USDTRY (US Dollar/Turkish Lira) Pair. TP (Target): 9 TRY SL (Stop Loss): 7.7 TRY This is not financial advice.
This gap might be fulfilled pretty soon. NFA.
USDTRY Pin Bar + Exponential Moving Average + Horizontal Support and Resistance Level + Trend
The Short to M/T"s crucial level is 8.5, sustain trading above this level we may see 9 or higher. Failure to comfortably penetrate up and sustain trading above 8.5 leads to 6.5 area during the coming months.
Timeframe 4H: 1-Above dotted line (7.7500) BUY to get target blue line, 2-Under dotted line (7.7400) SELL to get target red line
EN- DXY, which has been bearish for a very long time, has recently been on the rise. While it's a strange situation these days where incentive packages are always and everywhere, this is the truth. Dollar index MA200, (now Daily MA200: 92.585) which it could not break for a long time, is a critical point. If the confirmation that this point is broken, people's...
TRY has been experiencing record-level volatility since November 2020, which proved increasingly difficult to make predictions for future behavior. Yet the recent price movements certainly prove 7.50 to be a major resistance level going forward.
TRY can get even weaker through mid 2021. strong recovery possible following it , especially after 2021.
Entry Price 7.53180 H4 Chart 05 MAR 2021 || 12:00 Entry Price 7.54954 H4 Chart 05 MAR 2021 || 16:00
Turkey is mostly known for its long history, culture, amazing cuisine and for stunning landscapes, but we have found out that it is also a great place for investments! As we have indicated in the chart, there is a trading zone between 8.630697₺ - 8.145568₺, in which we have entered this market on the long position. We expect the course to further increase sharply....
Trading suggestion: ". There is a possibility of temporary retracement to the suggested support line (7.00000). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . USDTRY is in a range bound and the beginning of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic...
Trading suggestion: ". There is a possibility of temporary retracement to the suggested support line (7.00000). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . USDTRY is in a range bound and the beginning of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic...
The Turkish Lira has recovered heavily from November onwards – well, in relation to the catastrophic losses of the last years. However, this recovery should be over now. As we have landed in the target zone between 8.630697₺ and 8.145568₺, we expect the Euro to come back and valuate against the Turkish Lira. Here, we expect to get more than 10₺ for each Euro in...
Hello everyone, if you like the idea, do not forget to support with a like and follow. USDTRY is approaching strong support in green from Daily so we will be looking for buy setups on lower timeframes. on H4: USDTRY is forming a channel pattern in red but it is not valid yet so we will be waiting for a third swing high to form around our upper red trendline...