Important ! Any SWAP agreement with international central banks, such as ( FED , PBOC ..) . or any IMF agreement ( even it's a very very weak possibility ) will make this analysis cancelled > This is not an investment recommendation or any call to buy or sell It is just an analysis based on a study of the history of price...
dont forget to place stop loss
We have been observing a horizontal trend for a while in USDTRY.. In the four-hour chart, we see the ascending triangle pattern.. The falling wedge pattern is clearly noticeable in the RSI, and if the pattern works, the upward price movements may harden and the peak point of 7.20 can be tested.. Also; I think the reference values (54) and (45) in RSI are very...
With respect to my idea, Lira is going to collapse and it's last chance to buy dollar for the local investors. 2018 August was the 1st impulse, the final target is 13-14 area -not sure how quick it will be achieved though.
I think it is quite meaningful to analyze #USDTRY within the framework of market cycles rather than classical technical instruments.. From my point of view we are very close to the part where USDTRY will experience sharp increases in the market cycle.. If we approach the daily chart from a wide window, we can easily see that very similar movements are repeated...
As more measures by the Turkish bank, limiting the supply of TRY to specultors , USDTRY will retest 5.5 within 3-6 months. Inflation will probably go down with the huge decrease of oil prices and basic raw material.
TRY keep losing value everyday I expect a correction before a big move up
It has just surpassed the 6.79 level, and is now heading to the next level at 7.10. The MACD is also showing us some bull strenght, and it the candlesticks were strong surpassing the 6.79 lvl (forming two white soldiers, on the 4H chart, and i believe it'll get to three white soldiers) We can also see a strong bullish trend starting around the early days of...
Hello friends, I wish you all the best. I see the dollar as the 6.93 critical place. It is useful to be careful that it can throw 7.04 needles and close below 6.93. If closing above 6.93 comes, there is a possibility of going up to 7.36. This analysis is not investment advice. If my sharing has helped you and has an idea, you can like and support it.
USDTRY Monthly Long Prediction TP1: 6.87141 TP2: 7.95781 TP3: 9.05803 This is not investment advice Obviously I do not use sl , adjust according to your own account
Dolar TL 6.5TL de direnc görüp tekrar 6TL'lere gevseyebilir. Sonrasında 7 TL görülebilir. Fakat yaklaşık 1 sene sonra öyle bir düşüş dalgası olabilir ki 3.5TL'den 7TL'lere cıktığı gibi düşüş rallisi yapabilir. Unutmayın bu sene öyle bir sene ki yıllardır beyinlere yerleşmiş her ne varsa yıkılma zamanı. Finansal piyasalarda sok üstüne sok görme zamanı...
Ascending Channel Pattern Forming Now making Bear Flag in H2 which is Bearish Trend Continuation Pattern. Let see How Market Moove. ThankYou
We're seeing a significant and pretty clear divergence in the RSI and MACD on both the 1 hour and 4 hour charts indicating a potential trend reversal to the downside 618 fib. My trade entries will be shorts at 4.65 4.68 4.70 4.85 @ 25% of my initial risk size. I recommended trading with 5% of your stack on this particular trade. Take Profits...
Cup and handle target 6.233 Follow the support line for stop.
USDTRY 4H BUY POSITION PIN BAR FORMATION
USD/TRY After flipping the main resistance trend into Support The Pair is approaching Key Weekly Resistance zone Flipping This Zone into Support will open the door to test below level in the short term: 6.29 6.41 6.56 Rejection here then we Retest 5.9 as a potential Support imo, Weekly Close is very Important This is not Financial advise, Pure classical Chart...