U.S. Dollar / Turkish Lira USDTRY

USDTRY / H1 / Technical Chart

my analysis say that the price is in a bullish direction

Be carefull spread opens in nights

Expecting a decrease to around 6.18 followed by a increase to around 6.45. A high possibility of breakout from 6.45, however I think it would be a dead cat bounce. Im a beginner, be careful with this idea.

USDTRY

The Turkish currency remains on the defensive in the first half of the week and is now lifting USD/TRY to fresh tops in the boundaries of 6.5000.

As the price approaches 200SMA on 4 hour, it is a good opportunity to go long if the candle shows rejection of the moving average with a good risk-reward. The price need to go lower and break the recent lows for a short.

sell limit

this is the chart of scenario of Rates not change

Lira could drop after finishing triangular correction to hit at least the earlier top at the 7.08

USDTRY / H1 / Technical Chart if the rates increases, chart will be like this

USDTRY / H1 / Technical Chart Pattern: Triangle + Rectangle

Support 5.99461 resistance 1 = 6.886880 resistance 2 = 8.27575 time 12

USDTRY(4hr chart). Downtrend Channel.

https://www.tradingview.com/x/i7ol0Dgl/

We success reach our target at previous analysis, congratulation. In this analysis wanna discuss about USDTRY and Borsa Istanbul. As i explain at previous analysis, If borsa Istanbul bearish, we gonna see bullish at USDTRY, because USDTRY and BORSA Istanbul have negative coorelation. YOu can check BORSA Istanbul chart and analysis here ...

an idea

In this chart exercise, it becomes blatantly clear why the Aussie is often referred to as a proxy for emerging markets. We've created an EM-weighted index with 7 currencies (Argentinian Peso, Turkish Lira, Russian Ruble, South African Rand, Chinese Yuna, Indonesian Rupiah, Indian Rupee). Do you notice the extremely strong negative correlation? As long as the ...