The dollar pair stabilized against the Turkish lira USD/TRY during today's trading, to trade the Turkish currency at its lowest level ever against the dollar. On the American front, the dollar rose against major currencies after the Federal Reserve's decision last week to raise interest rates, as the dollar received support after a limited decline. At the present...
The chart shows that the market is in sideways hence we place buy stop and sell stop in order to enter in the market whenever it transition into trending market
Turkish lira sinks to fresh lows following the central bank’s interest rate hike The Turkish lira sank to new record lows after Turkey’s central bank raised the country’s benchmark interest rate by 650 basis points in a dramatic monetary policy reversal. The central bank lifted its key interest rate by almost double, from 8.5% to 15% Thursday, marking the...
Our indicator observing upcoming strong bullish momentum for FX_IDC:TRYUSD pair upcoming week should produce stable bottom support and new fractal sequence.
At least 28.9 will be hit. 28.9 to 30 is an extremely strong zone.
When we look at the monthly logarithmic chart, we see that it is in a parabolic uptrend from 2008. With the inflation that comes with incredible money printing, there is a possibility that it will reach the levels of 27-35 TRY. It is not investment advice.
DO NOT FORGET USING A STOP LOSS Warning: This is just a suggestion and we do not guarantee profits. We advise you analyze the chart before opening any position. I hope you are always profitable
When analyzing the current situation of the USD/TRY currency pair, based on the latest data, it can be observed that 1 US dollar equals 26.0174 Turkish Lira. The daily change in the pair is recorded as -0.0096 or -0.0369%. In the past month, the highest value reached was 26.1617 TRY, while the lowest value was 20.1082 TRY. Considering the evaluation of technical...
Turkish lira sinks to fresh lows following the central bank’s interest rate hike The Turkish lira sank to new record lows after Turkey’s central bank raised the country’s benchmark interest rate by 650 basis points in a dramatic monetary policy reversal. The central bank lifted its key interest rate by almost double, from 8.5% to 15% Thursday, marking the...
The Central Bank of Türkiye will raise interest rates for the first time in years. 8.5 to 18 or 20 950 basis points expected
%19 Interest rate, huge debts, vaccination progress is still very low. Turkish Central Bank manager kicked out because of interest rates, but we have still a huge interest rate and USD/TRYis still going forward. What Turkey could do? No tourism income for now, no leverage hand for interest anymore. Unfortunately, TRY will be 10 soon if we close daily above 8.58....
Following the channel with 24 TL target. Next channel target will be 28 TL
TRY can increase from USD And turkish econimic will be better than the past and i have hope for Turkish LIR.
The Turkish Lira will lose at least another 50% of its value this year. USDTRY at 50 is not impossible, actually very realistic. Because Extended wave 5, baby...
The fib based trend 1-1 level acting as perfect resistance and holding price down at the moment, looking forward for Monday opening and political impacts!!
Turkish lira sinks to fresh low after report state lenders stop defending the currency The Turkish lira sank to new lows against the U.S. dollar on Thursday, as concerns mounted over challenges facing the country’s new finance minister, and after a report that state lenders have stopped selling dollars to defend the currency. The dollar USDTRY, 0.55% climbed to...
Given that I am Long on EURUSD this period i prefer to trade EURTRY instead of USDTRY: Check my post here for targets: Thoughts: Some governments (not the people) prefer their currency cheap, it helps with exports. People choose their government. In this case Erdogan has been re-elected. A cheaper Turkish lira supports the plan of what I will dare to call...
I think USD/TRY has reached the 5th label of the 5th wave. I expect a decline in the exchange rate when the new central bank governor is appointed.