The daily chart has developed a FALSE BEAR FLAG pattern. The flag channel is wide ranging between 11.28 and low 9.12s. This type of pattern usually suggest a sharp upward move, and that is why BUYING is advised. the question is where we do we buy. My previous buy level was 11.50-12.00, but think we should lower that now. I feel we buy or add 10.25-10.75 and after...
After finishing impulse wave 1, we did corrective wave (stopped at 0.618 level) (2) and now according to my calculations, it should reach 24 which will be 1.618 extension of current level. I hate to say this, but it will reach 25 sooner or later in my opinion.
1st Target 18.03 2nd Target 18.55 This is my prediction for all people interested in lira Turkey
Following daily chart. It's a great area to buy again. TP 16.23 SL 9.5 area I am suggesting in spot since there are lots of volatility
USDTR buy level around 9 - 9,5 ------------------- Not a investment advice, just my idea.
This is just a quick look at the USDTRY pair. I'm evaluating the recent recovery of the Turkish Lira versus the dollar from about 8.5 TL per dollar to 7.3 TL. In my estimation, this recovery has not shown enough strength to continue. We can see that as soon as it touched the bottom of the drawn curve, RSI has reached the bottom of its parallel channel. That's as...
Well, it's been 4 years since I started this serie, you might want to check it out. PA will probably try 19-20, and after that we might have a consolidation period. Conjunctural sum might have worsened.
Following 4h chart I think 17.20 will be final destination - at least for a while
💰Fxone4all 💰 FOREX 💰 🟢usdtry (long ) buy now : 15.66/ 15.40 🔸TARGET💰 🔹 16.80 🔹17.52 🔹18.9
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...
Following 4h chart. Technically it's stuck inside the trianlge. But if it breaks the resistance, 16.94 will be the target. Please wait for break confirmation first.
Trading suggestion: ". There is a possibility of temporary retracement to the suggested support line (14.00). . 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...
Trading suggestion: ". There is a possibility of temporary retracement to the suggested support line (14.00). . 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...
Seems like Erdogan has no signs of slowing down on ruling Turkish Central bank. We all see what is it fraught with: Check out my analysis on this situation here: forexezy.com Despite a bullish view on USDTRY pair, I (like many others) wonder when will this end? Please, share your thoughts in comments bellow
The analysis I make is just an idea not an investment advice. Please manage your risk while trading and please make your investment decisions only by yourself.
Hello. The value of the tether in the weekly time frame is located at the bottom of the channel, creating a positive divergence And the second weekly candle is closing. Bloody days are predicted for Bitcoin
New record highs have been made by the USD/TRY in early trading as the Forex pair has climbed above 10.00000. A look at nearly any technical chart shows the Forex pair has been within the grasp of a long-term bullish trend, and this is not likely coming to an end soon. The question for traders is how the momentum of the USD/TRY can be taken advantage of in the...
The collapse of the Turkish lira? We will see crazy rises of the dollar against the lira, and he will not have mercy on her until he puts her in a coma