U.S. Dollar / Turkish Lira USDTRY

peterbokma

Before the major move down to 10.03, I suspect we will range between 11.75 - 12.75 short-term. The daily chart stochastic is turning positive, and likely we will retrace upwards towards 12.75, and maybe attempting the high again. My overall viewpoint is medium-term lower 10.03 - 9.50. I prefer to sell in a rally and not to venture long. Strategy is SELL or add...

Deep_Fud

Economy keeps crashing in the hands of "strong man" Erdogan, who has fired every Head of Turkish Central Bank who tried to stop him fulfill his own Turkish Dream of hyperinflation in which business is no longer possible as the cost of imports and commodities rises daily. Erdogan's genius policy in a world where growth and investment is stalling is to keep slashing...

TTMFS

USDTRY- 26Nov2021 On the H4 timeframe, prices were consolidating sideways yesterday. It could potentially be forming a bear flag to pull back to at least 1st Support at 11.41410. This is for personal record purposes only, not financial advise or solicitation of trade.

thecharttechnician

High poles can be read as reversal signals which may indicate that the bullish impulse move of late is at a stop/halt in the short/medium terms (bull trend is still intact).This indicates a correction period being underway like the previous two boxes as shown. Watch the support shown at 10.82. This is the critical support level. This analysis is not a financial advice.

sroshberwary_fx

USDTRY after entrancing of UAE to inside the Ankara it will be more dangerous and i expect it will be make a strong retest to because UAE it was a strong resistance to Turkey, also to removing or Out Qatar from Turkey

EXCAVO

We are observing a long-term trend of the depreciation of the Turkish currency. According to the Trend-Based Fib Extension, the 161.8% level is a good resistance and a target for the bulls. At the moment, USDTRY is pressing its ATH and consolidating under it. I expect an impulse breakout and a continuation of the uptrend. Best regards EXCAVO

baris3

I discovered that each time %50 retracement happened. This is an extended impulse wave 5 and instead of 161.80 increase it went up to 261.80% compared to wave 3 length. Or 361.80% compared to wave 4 length. In my opinion 5th wave can not extend more than this. (if it does, it would target 14.70, fundementally it looks not possible now but long term it is...

khashayarjamshidi

As you can see in the chart, the price is repeating it's movement from 2018 and reaching to the channel's top line. The possible targets are 13.25 and 14 and based on the chart it's now to risky to buy USDTRY.

arminav90

just an analayze. my opinion is still the same as before. price correction will be temporary. the lira will depreciate further in near future.

peterbokma

I know it's scary, and the reasons are clear. The Turkish Central Bank actions under high inflation and the response by the leadership has placed the financial market community in a rage and fear mode. However, herd mentality does not always pay, and as shrewd investors, we should take a logical approach to the market. Use technique and a dose of common sense....

Symbio_X

Hello. According to my (theoretical) Model, Lira is Trading in a exponential downward curve channel and about to drop arround 50% soon. Its currently Trading near the Support Curve, after we saw a 2nd Retest and i think its about time we go to median and Resistance Curve. Thats where i plan to buy Lira. Personally not shorting Lira. Its pretty theoretical yet,...

sroshberwary_fx

USDTRY, Turkish Lira break the high record each day each hours, so it’s a breakdown of the currency, I expect all time will record the highest till stablizing or making a zone to stable it. ——— Will record new target 12.50 and 13.00

arminav90

Unfortunately, significant resistance has been lost in the logarithmic chart. But in a normal chart, the Turkish lira can be corrected by approaching the resistance frontiers. But what is not unexpected in the medium term is a further depreciation of the lira against the US dollar to at least 16.

BASRAOIL_LIMITED

This is for entertainment purpose only. If we consider Elliott Waves count on a Point and Figure Chart, one may see a possible wave count. The count is imaginary which may reflect the current and future sentiment on the Turkish Lira Trend.

vgoktas

Depending on the breakout point, new wave is incoming. God Bless Turkey

RhTr

Good area for buyers ! It’s market comes to you :)

usernamex

As you can see USDTRY has reached the upper trendline resistance since 2008. The Fibo 38% retracement level is around 7.50. At the same time, there is a negative divergence in the weekly RSI. Black count is my main script. Blue is alternative as long as the lower trendline is broken. As a result; In any case, I think the upper trendline cannot be broken and...

Adel_Tunisi

on monthly frame with Fibonacci level we will find that 13.01 represent strong resistance , last two month the government let the currency fail without any intervene , am sure the Turkish national bank will start offer new government bonds to contain the situation , its a good time in my opinion to short this pair while retail start getting heavy long position ,...