USDTRY-NEUTRAL with SELL biasNo change in view. I am just posting the chart to keep it a daily habit, but no doubt, not much new to tell. medium-term SELL 13.50-14.50-15.50 for move to 10.50 and finally 9.0000. by peterbokma223
USDTRY- 11Feb2022USDTRY- 11Feb2022 On the H4, price is pulling back after testing the 13.62 pivot few days back. It's market structure has changed to lower highs and lower lows with Stochastic having room for slight further downside before support. On the H1, price have closed below all 3 MAs, we could expect it to have a short-term pull back to interim support at 13.3250. This is for personal record purposes only, not financial advise or solicitation of trade.by TTMFS0
USDTRY-NEUTRAL - LONG TERM SELLDaily am repeating the same story, but at least we got a fresh chart to view. No change in view, and yes, as some have noted, they are keeping the currency pair within a narrow band. I guess until such time the market has enough of it and will devise then the next move. Medium-term we remain SHORT for a move to 10.50-9.00 which not everyone accepts as a possibility. The monthly chart is OVEBROUGHT and quite extreme, so we still need to reduce this pressure and that is why it is very possible to see this low. by peterbokma2
USDTRY- 10Feb2022USDTRY- 10Feb2022 On the H4, price is pulling back after testing the 13.62 pivot few days back. Overall, USDTRY is still on an uptrend in the larger timeframe. If price close below the 13.50 area, we could expect USDTRY to have a short-term pull back. This is for personal record purposes only, not financial advise or solicitation of trade.by TTMFS0
USD/TRY: the instrument develops flat dynamicsCurrent trend The US dollar shows ambiguous trading dynamics against the Turkish lira, remaining around the level of 13.500 for quite a long time. Activity on the instrument remains quite low, as trading participants are in no hurry to open new positions before the publication of important macroeconomic statistics on inflation in the US next Thursday. Analysts' forecasts suggest further growth of indicators, which is likely to become an additional argument for the US Federal Reserve in favor of a more active increase in interest rates. At the moment, market participants are arguing about the level of their adjustments at the next meeting of the regulator: whether the increase will be 50 basis points or limited to a weaker 25 basis points and how many rate hikes will be implemented in 2022. As for the positions of the Turkish currency, it still depends on the rhetoric of the country's President Recep Tayyip Erdogan, who insists on further continuation of the loose monetary policy. Since September, Turkey's central bank has cut interest rates by 500 basis points, while policymakers in other developing countries are adjusting them upward to keep inflation from picking up. In January, the growth of consumer prices in the country was recorded around 48.7%. However, at a meeting on January 20, the regulator left the current monetary policy parameters unchanged and the rate itself at 14%. Experts believe that the current position of the authorities makes the national currency the most vulnerable, and it is likely to continue to decline against the backdrop of the upcoming US Federal Reserve rate hike cycle. Support and resistance On the daily chart, Bollinger Bands move flat. The price range practically does not change but corresponds to the current trend of the instrument. The MACD indicator decreases, keeping a poor sell signal (the histogram is below the signal line). Stochastic reached 80 and reversed into a downwards plane, which, however, correlates with the real dynamics of the instrument slightly. Resistance levels: 13.661, 13.851, 13.939. Support levels: 13.526, 13.428, 13.343, 13.260.by KirkBarton220
USDTRY- NEUTRAL without a view :)No changes at all. Steady as it goes without much motion. I see the medium-term as a SELL INTO RALLY between 13.50-14.50-15.50 and 16.50 for eventual move to 10.50 - 9.0000. by peterbokma223
USDTRY-NEUTRAL Clearly no movement till now within the known range. Just focus on medium-term SELL only at different levels and add to it feels best strategy for this moment. SELL levels are 13.50-14.25-15.50 and 16.50. Eventually a return back to 10.50 medium-term before we will review and see what happens next. by peterbokma4
USDTRY- 08Feb2022USDTRY- 08Feb2022 On the H4, price is approaching the crucial level at 13.62 once more. If the price close above it could potentially swing towards 1st Resistance at 14.225. This is for personal record purposes only, not financial advise or solicitation of trade.by TTMFS0
USDTRY- NEUTRALITY REMAINSNothing to add or to say. If medium-term player SELL for 11.80 - 10.50 only... on upside 13.89 is key now. Stay out of it, unless medium-term or long-term player for now. by peterbokma2
USDTRY Consolidation Will Likely End, Followed By A Gap UpTrade Idea Looking into the USDTRY the chart looks to be ready to start a breakout in the upward direction. The main indicator here is the Bond Rate (Turkey), which is much lower than 1. Typically, when the indicator is below 1, USDTRY moves up substantially. Economics: Turkey itself is a Country with huge inflation issues, and other economic crisis so in short, it shouldn't be surprising to see the market gap the USDTRY up. Profit USDTRY I believe has one of the highest potential gains in the current market. I believe a 10% move up on the USDTRY is going to happen, a 10% gap up without leverage is insane. Given how volatile the market is I wouldn't be surprised to see USDTRY push Alltime Highs sooner or later. Longby XRPisDead111
USDTRY- 07Feb2022USDTRY- 07Feb2022 On the weekly, this week is the 6th week USDTRY is consolidating sideways. On the H4, price have bounce back above all 3 MAs.13.62 remains the crucial pivot where if the price close above it could potentially swing towards 1st Resistance at 14.225. This is for personal record purposes only, not financial advise or solicitation of trade.by TTMFS0
USDTRY 4 Hour ChartThis is a test chart for my modified predictive indicator. The red arrows are stops. High and Low points can occur on the white vertical line (Daily Swing Prediction line) or within three candles on either side of a white vertical line The trade is entered when a candle crosses the White vertical line (Daily Swing Prediction line) and there is a change in candle color. After the candle color change the first candle to be completely captured by the 4 MA is the trade entry candle. The trade is exited when a candle crosses the White vertical line (Daily Swing Prediction line) and there is a change in candle color. After the color change the first candle to be completely captured by the 4 MA is the trade exit candle.by Dinjin1
USDTRY- 04Feb2022USDTRY- 04Feb2022 On the H4, price have bounce back above all 3 MAs.13.62 remains the crucial pivot where if the price close above it could potentially swing towards 1st Resistance at 14.225. This is for personal record purposes only, not financial advise or solicitation of trade.by TTMFS1
USDTRY- SELL strategyThe 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 for a corrective move to 10.50. The MONTHLY chart has had no correction really, and the RSI of 86.0 is very overbought, and usually we need the RSI to go back to 60.0 or lower to relieve the pressure. the market is for that reason still LONG USD and an objective of 10.50 or lower 9.50 is still very much on the cards from a medium-term prespective. short-term we have no specific direction for now. Shortby peterbokma2
around 14.3Turkey in financial crisis. if usd/lira cross 14.3, nothing can hinder it from 22 target rate. political disaster of President will cause huge inflation result in turkey economy. Longby salehmohammadi880
USDTRY 6H (it try to break the resistance)Us Dollar vs Turkish lira, now it look to the new direction by breaking 13.82 will be upward. But under 13.00 will be downward .... Upward: above 13.30 Tp.: 13.60 & 14.20 & 15.5 Sl.: 13.30Longby SroshMayi224
USDTRY- 03Feb2022USDTRY- 03Feb2022 On the H4, price have bounce back above all 3 MAs.13.62 remains the crucial pivot where if the price close above it could potentially swing towards 1st Resistance at 14.225. This is for personal record purposes only, not financial advise or solicitation of trade.by TTMFS0
USDTRY-NEUTRAL downside biasThe USDTRY cloud resistance will be soon lower at 13.8500-13.8600. For now, we remain neutral and with a small downside bias. I am not venturing on this one still, and for those SHORT a healthy interest rate differential will help to benefit each day and week that goes by. The downside is likely 11.80 -10.50 short term and a break above 13.8500 would bring us towards 15.50-16.50 whereby we will be a LONG TERM seller. by peterbokma444
USDTRY- NEUTRAL - ranging onlyIt's the same story every day. We are ranging and there is no clear indication of what is next. The only thing we can observe, is that we are below the cloud with resistance 13.85 coming sessions. Further convergence line below base line, and for the rest it's a narrow trading band. I feel focus is on down side, and thanks for some comments, and they are right, the cost-of-carry is heavy when LONG USD. So for now, I am neutral not willing to commit, but for those willing too, SELL strategy 13.25-13.65 for move to 11.80 and maybe even 10.50. by peterbokma2
USDTRY- NEUTRAL down side biasFor now am not committing to the pair. It's ranging only for good reasons as explained last week. I suggest downside bias still and we may see 11.80- 10.50 short-term. However a break above 14.23-14.28 will ignite stronger upmove. For now play the range only, if one wishes to venture in this lifeless moves for now. by peterbokma332
💡Don't miss the great sell opportunity in USDTRYTrading suggestion: ". There is still a possibility of temporary retracement to the suggested resistance line (13.4582). if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . USDTRY is in a range bound, and the beginning of a downtrend is expected. . The price is below the 21-Day WEMA, which acts as a dynamic resistance. . The RSI is at 42. Take Profits: TP1= @ 13.3034 TP2= @ 13.1461 TP3= @ 13.0009 TP4= @ 12.8630 TP5= @ 12.6840 SL: Break Above R2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex / Crypto trader? Now, It's your turn! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️Shortby ForecastCity_World141418
💡Don't miss the great sell opportunity in USDTRYTrading suggestion: ". There is still a possibility of temporary retracement to the suggested resistance line (13.4582). if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . USDTRY is in a range bound, and the beginning of a downtrend is expected. . The price is below the 21-Day WEMA, which acts as a dynamic resistance. . The RSI is at 42. Take Profits: TP1= @ 13.3034 TP2= @ 13.1461 TP3= @ 13.0009 TP4= @ 12.8630 TP5= @ 12.6840 SL: Break Above R2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your Support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex / Crypto trader ? Now, It's your turn ! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️ Shortby ForecastCity5510