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USDTRY

USDTRY- 16Nov2021USDTRY- 16Nov2021 On the monthly time frame , we could expect 3 white soldier candles forming. Hence a bullish momentum is expected for the rest of Nov21. We could expect its bullish trend to continue to at least strong 1st Resistance at 10.67160 before facing any bearish pressure. On the H4 timeframe, we could expect USDTRY to continue its bullish momentum to 1st Resistance at 10.26793. This is for personal record purposes only, not financial advise or solicitation of trade.
Long
by TTMFS
USD TRY long term view up to 10.60 - 12.00Currency markets were becalmed in early Asian trade on Monday. The only action was on the Emerging Markets with the Turkish Lira hitting an all-time low. Against the US Dollar, the TRY (Turkish Lira) hit a record low of 9.85 so far in early Asia. * Turkey 2021 inflation target raised to 18.4% from 14.1% * Miners lead losses in China, Russia as commodity prices fall * U.S. telecoms regulator revokes China Telecom’s authorisation Emerging market stocks slipped for a third session on Thursday as sliding commodity prices and fresh fears about U.S.-China ties weighed, while Turkey’s lira fell on a worrying divergence between the direction of inflation and monetary policy. With sliding base metal and basic material prices, miners led losses in most bourses. Heavyweight China stocks lost between 0.4% and 1.2%, while a 4% slump in Russian aluminium giant Rusal took Moscow’s MOEX index 0.9% lower, more than 2% away from record highs. Meanwhile, news of the U.S. telecoms regulator revoking China Telecom’s authorisation to operate late on Wednesday sparked fears about the fragile relation between the world’s two largest economies. A tit-for-tat tariff war between China and former U.S. President Donald Trump’s administration had roiled global financial markets and contributed to slowing economic growth. In debt markets, the average yield on EM local debt moved back above 5.6%, the highest since March 2020. While most EM currencies made muted moves against a steady dollar, Turkey’s lira dipped 0.7% after a three-day relief rally. The central bank raised inflation targets for the next three years, with 2021 year-end inflation now seen at 18.4%, up from an earlier forecast of 14.1%. “The argument that high inflation is transitory may be true elsewhere, but not in Turkey, which has experienced high inflation for over a decade,” said Tatha Ghose, FX analyst at Commerzbank. “No matter what (the central bank) writes in its statements about limited room available for further rate cuts, President Tayyip Erdogan will not be happy until rates have been cut to single digit... As the unconventional monetary policy experiment unfolds, we can see USD-TRY overshooting by a wide margin.” The currency has been the worst performing among EM peers this year, thanks to uncertain and unconventional monetary policy amid surging inflation by a central bank fast losing autonomy, as well as depleting foreign exchange reserves and strained ties with the West. South Africa’s rand traded flat as state power utility Eskom increased scheduled power cuts on Wednesday after further breakdowns at its coal-fired power stations. A report suggested it will require $30 billion to end its coal reliance. Eyes were also on local elections scheduled on Monday. A weak result for the ruling ANC party in Johannesburg or in Tshwane, which comprises Pretoria, would be a heavy blow for President Cyril Ramaphosa and his reform course, and is therefore also likely to affect the rand, said Commerzbank. USDTRY can be a profitable investment option. USD/TRY rate equal to 9.632 at 2021-11-03 (today's range: 9.593 - 9.658). ... With a 5-year investment, the revenue is expected to be around +62.89%. - SELLING PRESSURE PRICE 9.55 - 10.00 - FAIR BUYING PRICE 7.80 - 8.90 - Our option for #USDTRY is HOLDING LONG TERM. Do your research before any trade or any investment, make your own decision, be patient and look long term wisely. Please comment, like and follow if this post helped you. Thank you for your time. Have a profitable trading. | Review and analysis by Samadi.Finance |
Long
by AliSamadiTR
2
#USDT Dominance Bearish! ALTCOIN Pump Incoming?First of all this is the first time I am sharing a chart on USDT.D I finally decided to share this strategy with you all:- USDT Dominance is a good index to keep track of Altcoin trades. It's inversely proportional to the growth in ALTCOINS and BTC in general. If USDT.D Pumps it literally means all the money from BTC and ALTCOINS are moving into USDT which eventually leads to corrections in the market. IMHO you must always use this indicator for trading altcoins for the short-mid or long-term trades. Let's get to this Chart:- In this chart, you can see USDT.D is broken down and had a pump to retest the bearish flag. Which leads to some bleed in the market. I am sharing this secret with you because you are a member of this beautiful Cryptorphic Family! I want you to become a better trader and save yourself next time from getting rekt!! Hope you liked it, if you did do hit that like button and share your views in the comment section! Thank you #PEACE
CRYPTOCAP:USDT.DShort
by Cryptorphic
24
USD/TRY wave analysisUlaşabileceği en yüksek fib seviyesine ulaştı. En yüksek fib seviyesinden kastım, bu hesaplama (8.65 seviyesinden reversal) , wickleri dahil ederek ve standart olarak hesaplanması gereken swing low yerine bu swing low'dan bir önceki swing low (ara düzeltmenin swing low seviyesi) kullanılarak yapılan fib hesaplamasının sonucudur. TRY çok olumsuz haberlere rağmen bu seviyede takılmasının sebebi bu fib seviyesidir.. 9.90+ seviyesi psikolojik bir direnç olduğu için buradan bu seviyeyi test edip oradan geri dönüş yapması mümkün ama bu bence marketin yapısına aykırı olacaktır. Kırmızı ile işaretlediğim 8.40-8.90 seviyesine düzeltme bekliyorum. 7.80-8.10 seviyelerine kadar geri çekilme mümkündür, buralar geri çekilip tepki alacağı son fib seviyeleri.
Short
by baris3
2
FX markets to go on your radar this morningFirst off USD/TRY is heading north again. Following a diplomatic spat, the Turkish Lira has sold off again and we are out of resistance levels. So what can we use?? well you can always draw a trendline and see if there is a useable parallel line to draw. Which there is ! at 10.02 and this coincides nicely with psychological resistance at 10.00 (markets love round numbers). Do not stop there, when a market is out of resistance or support levels try to look at it on its crosses. A popular cross is TRY/ZAR and this is approaching 1.50! another key psychological level. Tighten up those stops in TRY! What else? EUR/CHF is approaching a pivot going back for years 1.0649/29, again tighten up those stops as we could well see some profit taking. Last but not least I shall be watching USD/JPY to see if it can lift off the 23.6% retracement at 113.31, we think it can do it! but definitely one to put on your radar... Good luck for the week! Disclaimer: The information posted on Trading View is for informative purposes and is not intended to constitute advice in any form, including but not limited to investment, accounting, tax, legal or regulatory advice. The information therefore has no regard to the specific investment objectives, financial situation or particular needs of any specific recipient. Opinions expressed are our current opinions as of the date appearing on Trading View only. All illustrations, forecasts or hypothetical data are for illustrative purposes only. The Society of Technical Analysts Ltd does not make representation that the information provided is appropriate for use in all jurisdictions or by all Investors or other potential Investors. Parties are therefore responsible for compliance with applicable local laws and regulations. The Society of Technical Analysts will not be held liable for any loss or damage resulting directly or indirectly from the use of any information on this site.
by The_STA
💡Don't miss the great buy opportunity in USDTRYTrading suggestion: ". There is a possibility of temporary retracement to the suggested support line (9.5217). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . USDTRY is in an uptrend, and the continuation of the uptrend is expected. . The price is above the 21-Day WEMA, which acts as a dynamic support. . The RSI is at 69. Take Profits: TP1= @ 9.6500 TP2= @ 9.7000 TP3= @ 9.8000 TP4= @ 9.9000 TP5= @ 10.0000 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex / Crypto trader? Now, It's your turn! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity_World
11