Because of MACD divergence, I expect the price go up to Fibonacci level of 50, then fall to the lowest point between the divergence .
USD is - still bullish, - has consistent volume, buys are slightly increasing since the beginning of the year. - made the bullish flag in previous year. - hit the bottom of the uptrend channel that validates the target zone at the top of the channel. - Turkish economy is still in fragile-five. Correction to 6.70 (Fib Level 0.236) is possible. It is up to you to...
USDTRY Buy between 6.8000 - 6.7700 Stop loss 6.74000 Target 7.08000
USDTRY 4H Strong Buy TP1: 6.87400 TP2: 6.92330 TP3: 6.9990 TP4:.7.16756 This is not investment advice Obviously I do not use sl , adjust according to your own account
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All eyes on risk markets and the recent rebound reaching its final stages of exhaustion. USDTRY not giving any gains back, continuing to attack the 7.00 important psychological resistance. Buyers calmly finishing their preparations for an appropriate welcome of the next risk headline, while local banks try everything they can to defend. Happy to sit long...
Not trading advice in any way. Falling wedge, sellinc climax, big wick trying to form a hammer. Macro for USD is stronger compared to TRY.
As Turkish govs announced shut downing tourism sector till august and 5% of GDP comes from tourism, Turkish lira had flied and can continue up to 7.57 after which, in our opinion, it will be the highest level in current year
Note USDTRY's 92 percent negative correlation with Crude Oil on weekly. Crude oil needs to to trend up for USDTRY to fall. Long terms trends seem to be effected by Crude Oil, as is the case with Mexican Peso and Thai Bath with which heavily Lira correlates (90 and 88 percent). It also has 97 positive correlation with the Natural Gas (XNGUSD) on 4 hrs. Price...
usdtry elliottwave perspective view Alternative 1) If it sees around 6.50 (green area) and turns up and is permanent on the red line (above 7.30), the rise started. Alternative 2) If it falls below the green area, it sees around 6.00 (pink area), the rise begins. 7.30 is also important in this. 7.30 must be exceeded for real rise. Alternative 3) Cannot hold in the...
As you see, current bullish move was already predictable from October 2019 using TD (DeMark) breakout projection no. 2. Now, price is facing very strong support - May central pivot range (CPR), May Camarilla S3 reversal level, yearly classic S2 pivot, yearly Fibonacci S3 pivot (did not plot the last 2 to have it more clear - but they are there) all at same point,...
I would consider buying USDTRY before the European session starts tomorrow morning 6-7 am UTC when spread is the smallest. The move is likely to end CAM R5, we broke the April roof. By the end of April we should be at ca 7.255. There also other technical reasons for this on which I will not elaborate. This pair has very high spread in the night and it will not...
TRY Has stabilized fundamentally and we have also technical support by pattern Sperandeo. First trendline is crossed, now target is T1 Trendline as first strong support.
#USDTRY seems to breathe a little after refreshing its peak point.. In the following process; We can observe a structure as I stated in the chart.. The targets in the chart should be followed in the medium term.. I think cup and handle will occur when correction phase is finished.. Disclaimer: Please do your own due diligence when it comes to forex-trading.....
Break time for TRY. Expecting short correction to 6.8000 until June, due to quarantine off and internal tourism. Pattern Speranteo is crutial to follwo in 2020. Sperandeo with T1, T2, T3 and T4
Hİ all, As we shared linked below you can see reaction of 1.618AB=CD and importance for Harmonic For your info Harmonic Trader