The market does not show much movement for USDTRY, but looking at the market condition, it is more likely we see lower levels to come short-term. The market is slightly overbought for short-term time frame. Strategy SELL current @ 14.80-14.85 for a move back to 13.98. The mdium-term picture suggest higher and we may see 15.50-16.50. I would be rather SELL in...
We are building up upwards momentum a bit, and one could expect 15-50-16.50 to be reached in the near term, is my personal view. I am not a supporter of going long, because of costs factors associated with longs. The daily chart is overbought, and we should see a move back towards 14.00 once again. The weekly chart is kind-of neutral to upside, and not extremely...
Short-term we are overbought again, and yes, it will kind of reflect weakness in RUB and other currencies in the area. I feel, we may see correction back 14.00, so SELL current levels and take back at 14.00. medium-term ADD 14.75 and higher levels 15.50-16.50 for a medium term return 10.50-9.00.
The pattern starts looking as if we may see strong run up. Both daily and weekly chart has positive stochastic and we have established 13.98 as a base once again. I understand the cost nature of being long is not good, therefore rather we trade it only medium-term for now. SELL strategy is SELL 15.25 > 16.50 for now. I think we may see higher then 14.60 this...
The RSI is still very high 86.6 and the stochastic is positive. The scenario I feel is, that we will again move upwards short-term 14.50-16.00 (it's a medium-term view right) and we will only add or SELL in those ranges to create a valuable average for the down move to 10.50 -9.00 after the climb. The issue is, it is costly to be LONG and one cannot be sure...
We await until we reach 14.50-14.75 area to start SELL again adding to our medium-term short. The break above 13.98 will attract higher levels, and the USDRUB weakness will drag the pair higher as well. Strategy is SELL small increments 14.50-14.75 and next 15.50-15.75 and finally 16.50-16.75 if reached. the monthly chart strongly suggest we will correct back...
Today first time again to come out of neutral :) The stochastic is negative, and as long as we hold 13.90-13.92, we should remain short. The profit objective for the short-term trade is 11.65 for now.
The daily chart is a RANGE only with resistance 13.85 and if broken for any meaningful upwards move. The weekly chart is MID WAY and we have FIB. supports and resistances to play with (as shown). Judging MONTHLY CHART and WEEKLY CHART it feels we should be on SELL side, even if it moves little higher, these are ADDING levels only. I suggest SELL 13.50-15.50 range...
if usdt Breakout up side then Whole Market will ll bearish soon On 4Hour Timeframe USDT Dominence Forming A Bullish Flag And Otherhand Btcusdt Forming a Bearish Flag So Beacreful adjust Your Stop loss Not a financial Advice posible 32k and 29k in soon in days
Profit targets: 13,16 12,81 12,68 stop loss: 13,94 Have a nice day, Berk
We have not changed an inch almost on the currency pair, and that is worrying. It is like flipping of a coin in seeking direction. For now, SELL strategy better fit since we are near resistance 14.25 (14.3500 stop-loss) and also we are moving below the cloud coming sessions. This is usually a negative sign so I still believe we see lower 11.80-10.50...
In case today is a disappointing day, i.e. rate cut instead of no change, we will see higher USDTRY. For long-term this would be excellent, and I feel selling long-term between 13.50 and 15.75-16.50 is a good strategy. The monthly chart RSI is very high, and has not corrected much. A move higher will make it attractive for adding shorts. The objective is 9.6200...
We are still ranging with no major movements at all. This is always suspect, because we cannot be sure which way it will go. Basing on the MACD we are still have downside bias (as a lagging indicator). The stochastic is positive (not shown), and we are well protected resistances at 13.90-14.23-14.29 for now. The Donchian channel is closing in as well. Monday or...
Welcome to dream land. The range is same every day, but slowly we are moving below cloud by default. Maybe 3-4 more days and we will have 13.60 cloud resistance. Further, strong resistance 14.23. The Donchian support is only 10.20 for now. My view remains same, SELL current 13.25-13.75 range for a move back to 11.80 > 10.20 short-term. LONG-TERM SELL...
No change in view, and in fact rates are still the same as yesterday and the day before etc. Think we will see a move lower and short still the way to go. However, keep stop loss at 14.35 in case we break the upper range. Objective unchanged 11.80-10.75 short-term.
I am updating the strategy now the Monday has started. Further, someone requested me to forecast 1st and 2nd Quarter USDTRY so will try my best. The stochastic is currently negative again, and since we have fundamentally strong SELLING pressure upto 21st January and end of month, the cap is likely well protected 13.77-14.2500. Technically we have never been able...
We have been ranging for a while now, and the stochastic is negative. For a 4-hourly chart a negative stochastic can reach a 1.30 points down move to satisfy the stochastic. This means from 13.80 back to 12.50, and the cloud support is 12.00 right now. I suggest remain short, or go short current 13.8000-14.15 and keep stop-loss 14.35 still. Profit order...
The 4-hourly Ichimoku chart starts showing support for USDTRY upwards. However, the stochastic viewing historic performance, the stochastic is negative, and this shows we do have selling pressure. The open cloud support is at 13.00 right now, and this is what I mean by support for the USDTRY. For now remain short and keep stop-loss 14.2500 and if broken, we...