With the asist of economical situations and Syria operation, technical target is 6.92-7
The price above 200 MA, indicating a growing trend. The MACD histogram is above the zero lines. The oscillator Force Index is above the zero lines. If the level of resistance is broken, you should follow the recommendations below: • Timeframe: H4 • Recommendation: Long Position • Entry Level: Long Position 5.8500 • Take Profit Level: 5.9000 (500 pips) If the...
The exchange deals with the construction of the second part of a double fractal structure. If my current analysis is correct, the exchange rate may start to rise from the US $ 5.5536 correction level. The target price for this increase can be 6.70798 usd.
There is a huge potential for the currency usdtry to test August 2018 levels.
CUP AND handle pattern falling wedge lets buy after break up swing trading KSM FX
OANDA:USDTRY --------Details on the chart. Pipdify, Tamilkumar.
Due to short of cash in Turkey, USD is gaining power against TRY day by day. We can see some small corrections to support of chnanel like 5,78 - 5,80 but the trend is going upwards since 5,50's. Uptrending channel will meet with the resistance at the end of August and than we can see some steep movements probably upwards or maybe some corrections. Until than, I...
We can see on the half hour graph that USDTRY is forming a second pennant formation. We have to wait and see other indicators to support this move such as Parabolic SAR and RSI. Moving average is crossing the bollinger middle band as I'm publishing this. Volume is getting higher in each stick forms. Also bollinger bands narrowed down for a move. Target of this...
Last time MA50 crossed MA100 upwards @ 15.02.2019. Same thing possibly will happen today. Downtrend trend upper line broken. Weekly and monthly over-sold SL:5.63 TPs:Depicted with light green.(Take into account fibo resistance levels also.) Good luck
BASIC TREND FOLLOWING ON USDTRY WITH BUY&SELL POINTS
Due to Turkish holiday TRY will be traded weakly until Thursday. At these times, values can be more volatile. We can clearly see the bullish pennant formation on USD/TRY. Tomorrow we have to carefully watch the value. If it will break the pennants resistance, value may go up to 5,62-5,65 channel. We can see that there will be a steep movement from the narrowed...
Last stop for usdtry, Today or tomorrow, waiting for 5.48 first, then 5.45-5.44, then target is 6.39
This post is for educational purposes only. Trade at your own risk. Please refer to my previous analysis today (below). This gives a high level overview of long term what we can see happen in the market with this pair. We have a descending wedge forming, alongside trendline confluence, and a bounce off the 61.8 fib level. Trade at your own risk. As this is high...
I create a Fibonacci line. We on the support line and we have to ready long position. Because - Bull trend - Elections - Turkey economic and politic problems (First and the bigger problem is RTE) - Turkish lira is very useless and powerless - Turkey Central Bank thaw reserve