U.S. Dollar / Turkish Lira USDTRY

Love_change_your_mind

I hope prices gonna down to bearish trend if they are down take a short Position(Take your own Risk)....

peterbokma

The pair is very overbought and now we got a negative stoch RSI suggesting we have a start of a corrective pattern. The lower end of the upward sloping channel is 14.2600 and the top above 18.6200. The strategy is unchanged and we should see lower levels in the medium-term. I feel long-term 11.50 possible, based on the long-term overbought state. However, we...

sroshberwary_fx Premium

USDTRY tendency upward Entry: above 17.790 TP: 18.04 & 18.100 & 18.240 sl.: 17.5900 risk 2.0%

ArashBanakar

Hello traders and arkadaslarim, This is an update of previous analysis (blow link). Everything is clear on the chart for you like always. So monitor the price's action in the circle. After breakout the resistance zone and fixation, we can buy and for lower risk after pullback. Good luck. If you like the idea, do not forget to support with a like and follow me for...

mashhood487

Bearish AB=CD pattern is formed on currency pair USDTRY 4hr frame and now the trend will be reversed from D to bearish pattern .

The_Niffler

obvious, same goes for USDJPY big short take profit whenever you want , do you all remember when Putin and Erdogan went to eat ice cream together LOL

sroshberwary_fx Premium

USDTRY Can stable at the bullish zone and now gradually will try to reach the high of the historical price of USDTRY tendency upward Entry: above 17.790 TP: 18.04 & 18.100 & 18.240 sl.: 17.5900 risk 2.0%

Nikita_Kalinin

Although the chart has too many bullish daily candles, the upward angle and trend confidence shows me the trend is your friend. So I expect a new record high and a breakout of December's high of 18.25 . The target is 20 in the next two months . On the macro side, the imbalances remain. Turkey has the highest negative real interest rate (minus 64%) * among...

peterbokma

The pair is as usual not moving much and this is the behavior of a managed float and costly exercise for the authorities. The over all picture is, we may see little higher at first, i.e. 18.50-19.00 to satisfy the lower RSI and higher high scenario of negative divergence. Overall, I would prefer short and maintain it and add at certain selected intervals. The...

asharifan Pro

USDTRY is going to break its final barrier and make new historical highs

omurden Pro

Following fibo levels. It's perfect and clear. TP1 18.39 TP2 19.61 TP3 21.15 - will be fast.

sroshberwary_fx Premium

The Turkish unemployment rate decreased by 0.3% on a monthly basis in May ============================= USDTRY tendency upward Entry: above 17.31 TP: 17.58 & 17.78 & 18.20 sl.: 17.15 risk 2.0%

peterbokma

The pair is way overdone, albeit controlled managed float. Looking at the GANN fan we can observe we are nearing the top 17.65 (sometimes overshoots) and also we see the FALSE BULL FLAG pattern, that has a flag support 14.68 and objective wise 11.80 GANN 1/1 support. Judging the whole chart and the RSI is very overdone, and I mean very very very overdone. This...

babitbahadir

I believe there were hidden agreements with NATO and TR to fix the currency issue in order to open the gates for Finland and Sweden. Time will tell.

BASRAOIL_LIMITED

USD/TRY may end the uptrend for a period of time in a bear market correction. Either the bear market is in the going or the uptrend may still needs to make more uptick before the bear market resume. The wave count and chart pattern may give us a clue for the direction of the trend. Only sustain trading above 18 Lira to one US Dollar may destroy the bear market...

ArashBanakar

Hello traders and arkadaslarim, Everything is clear on the chart for you like always. So monitor the price's action in the circle. After breakout the resistance zone and fixation, we can buy and for lower risk after pullback. Good luck. If you like the idea, do not forget to support with a like and follow me for next analysis :) Write your comment and opinion below to me

peterbokma

Short-term we have been grinding slowly higher, and we are nearing channel resistance 17.88. The medium-term and long-term situation is more interesting, and shows we have reasonable chance to see much lower levels. The pair is way overbought, and even controlled and all the news surrounding the condition of the market, does not change the tech picture we are in....

Diplo1986

$USDTRY Breakout in 1h Chart 1. Positive Supertrend in 4h Chart & Consolidation > 8 days 2. Several touching points with vwap 3. Price above 10, 20 & 50 EMA 4. Target 17.7 5. Stop-Loss 17.37 6. Risk Reward Ratio 2.0