USDTRY is losing momentumUSDTRY reached to the maximum level of upswing trend of 2021 on 19.30 point. Price is losing momentum with 25 EMA and Relative Strenght index. I think USDTRY need some pullback it can be fast like previous swing. Possible targets 16.10 and 14.20Shortby osmanemre112
Continue Long 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 Longby Nima_aj110
USDTRY Bullish TrendUSDTRY looks in bullish trend and at this level a buy limit entry can be good trade as per my define SL and TP level.Longby MaxsimRaxaUpdated 113
USDTRY Bullish TrendUSDTRY is in bullish trend and a buy limit order entry as per my trade plan can be good trade.Longby MaxsimRaxaUpdated 0
USDTRY-Long-Term SELLI have not changed the view that the pair is way overdone, and that there will be a large decline coming. However, some very useful comments from viewers, that it is difficult for a decline due to the fact it would hurt the economy etc, The catalyst for a sharp decline back to 10.50 > 13.75, is at election time results, that may result in changes to the management of the pair by the central bank and government stance. Let's see what will develop. Shortby peterbokma443
USDTRY- SELL Long-TermIt is very nice to receive so many comments on this pair. Some are kind of less polite, but that's no issue since all we are trying to do is to create technical analysis. The pair has been climbing artificially (manipulated) for many months now. The RSI is way beyond the technical dreams on the monthly chart, and this suggest highly a correction back to 15.00 > 10.00 area. The May 14 elections will be the catalyst, and any major change in the current state, means USDTRY will GAP open to trade below 15.00. The rest market will adjust it slowly towards 11.00 eventhough ultimately we will see 9.50. this all sounds incredible, but remember change of central bank policy and government, would mean higher interest rates to fight inflation etc and this will support the currency by then. Anyway, my viewpoint which for sure will attract the usual comments. Welcome to write your comments and/or your own chart and forecast,. Shortby peterbokma222
USDTRY BUYA big devaluation coming for USDTRY. There will be election one month later. Turkey is edge of big crises.Longby ilyaschabook0
new idea on TRY/USD Turkish lira/dollar continues to fall. The Turkish lira managed to break the 0.055 support to the downside and is now targeting the 0.029 support.Longby arongroups10
How to be careful against manipulation while trading Forex?It all started on the morning of December 20, 2021. The "Up Tick Rule" was implemented for one day in the stock market. The Up Tick Rule is an application that reduces the declines caused by short selling in stocks and is implemented to limit selling pressure. The implementation method of this rule is that even though the capital market instrument subject to short selling can be realized at a price higher than the last transaction price, the short selling transaction can also be made at the last transaction price level if the last transaction price of the capital market instrument subject to short selling is higher than the previous price. Thus, with the implementation of this rule, the possibility of the dollar falling is minimized. The dollar is raised up to 18.36 Turkish liras. At 18:15, after the daytime market closed, the manipulation began. On the evening of December 20, 2021, the Central Bank started selling dollars through public banks at very low exchange rates. The aim was to transfer capital to some of the supporters by selling the Central Bank's dollars for less than 10 Turkish liras, but the dollar only fell to 12.49 Turkish liras. Because an investor who was unaware of this operation bought $1.5 billion at an average rate of 12.50 Turkish liras. Since the Central Bank had exhausted its selling limit for that day, it couldn't sell any more dollars. Thus, the operation remained incomplete. With the panic that started in the market, BIST presented an announcement for approval at 09:25 on the morning of December 21, 2021. A trap was set for stock market investors to complete the operation. At 09:46 (16 minutes after the opening of the stock exchange), the approval of the announcement was published on KAP. In this announcement, the limit for selling dollars at a discount of up to 10% was increased to 80%. However, during the 16-minute period before investors learned of this decision, the Central Bank's dollar reserves, which had started selling at 18.22 Turkish liras on the new day, had already been sold down to the level of 3.65 Turkish liras. (Although this level of 3.65 Turkish liras may not be visible on the Tradingview chart, data is available on applications such as Bloomberg Terminal and Matriks.) The identity of those who had prior knowledge and purchased dollars at almost no cost is unknown. The Central Bank has been robbed, and those who were aware of the operation have made large profits, while others have lost their money and assets. Instead of protecting investors against manipulation, it looks like SPK and BIST have facilitated the setting of traps for them. The most basic thing we can do to protect ourselves against such manipulations is to be vigilant when buying and selling currencies of countries with low credibility.by YavuzAkbay110
Turkish Lira hyperinflation phase 3 starts nowTurkish lira is toast...hyperinflation starts now...next 1-2 years things will go quicklyShortby realSatoshiNakamoto229
Turkish Lira is trading at a premium currently With current economic situations I believe After Erodgan's strong stance against monetary policy I believe we will see lower price's - The future will tell ;-)Shortby SMCOFFICIAL10101
A Simple but Effective USDTRY Trading StrategyThe USDTRY pair tends to be extremely volatile, and hence it brings many scalping opportunities. On the sell side, and on the hourly chart, you need to keep an eye on EMA-200, EMA-25, trading volume, its MA, and a few important points of time during the day. Zoom into the chart. By 7:00 AM UTC (sometimes 8:00 AM), a significant trading volume spike above its MA line usually occurs and is followed by consolidation above the EMA-25 ahead of breaching it. By breaching the EMA-25, USDTRY usually breaks significantly below the EMA-200. A trader may enter a sell position as the USDTRY breaches the EMA-25 and close their position after nearly 4,000 ticks below the closing price of the 7:00 AM candle. On the buy side, the move tends to be much faster. After that long bearish candle that breaks below the EMA-200, a long bullish candle usually forms with an opening price that is nearly identical to the closing price of that bearish candle. This bullish candle usually forms between 21:00-23:00. This move usually targets the EMA-25, about 4,000-8,000 ticks above the opening price of the bullish candle. These strategies above seem to be intuitive for many traders. However, the previous patterns are usually followed by a significant amount of volatility. So, prudent risk management must be taken into account. I would appreciate your opinion and I would be very thankful if you can cheer my account up a little :) Educationby SamerHa330
Usdtr sell 18.8245Usdtr sell. Turkey was hit by earthquakes and in the result of this tragedy Turkish lira will become stronger. Insurance payments and other expenses will cause liquidations of foreign assets belonging to turkey’s funds and government, money from those assets will have to be converted to Turkish lira-demand will grow and currency will strengthen. Let’s see how this will unfold. Shortby Forexblade2
TRYUSD pairHello Birdies, This Chart is done on request. Zones are the bounce area and targets are on chartby BlackBirdTrading3
USDTRY-Long-Term SELL strategyIt clearly is a managed float and for that reason it has not gone lower or higher. The technical picture suggests we will return back towards 11.00-11.25 in the medium to long-term. On a short-term basis, looking at daily and weekly chart, we are clearly above 16.30 and this needs to be violated for a move south for now. The long-term strategy is remain or go short 18.60-18.90 for a move to 11.2500 for now, but noting it is very controlled and it may take quite some time for it to happen. Perhaps a short on day move as we have witnessed in the past. Shortby peterbokma12123
USDTRY 4H (will trade at bullish zone)the price will consolidate between 18.590 and 18.855 the direction above 18.590 it will trade at the bullish zone to reach 18.855 and 18.925 but if reversed under 18.489 then will reach 18.425 and 18.382 & 18.250Longby SroshMayi1112
Short $USDTRYTRY has been going down ever since. However, there may be a breather. Hence, I am of the view that USDTRY might go down towards 17.33-17.55Shortby Joy_BanglaUpdated 3
USDTRY - 1DThe Turkish lira has been moving in the range zone for the past few days. If the support zone is broken during the current weeks, it may reach the 17.45 zone. Turkey spent last year with 85% inflation in the country and the Turkish Lira went up to nearly 19.5 per dollar.Shortby arongroups11
USDTRY still bullishWe expect more upside before any significant pullback. Our target is 1 fib extension. RSI remains strong and the price is about to break the previous all time high. Once the price enters discovery mode, it should pump fast. Don´t try to short it or you will get REKT.Longby vf_investmentUpdated 10
Quick one: USDTRY might be about to go boomForex market have started getting very volatile (after years of making us fall asleep), following the west heavily increasing their interest rates + the war against Russia. The risk reward could be very good, the price can easily rally strongly. It looks like it could be about to burst. Even 15% odds of that happening are worth it to me. The USDTRY fundamentals have changed: - now it is as bad as before for the Lira - but now the USD has interest to make it even more attractive compared to that dead currency Makes sense to me it will continue to go up like it has been doing for years in a straight line as it now has even more reasons to go up. Do not hold too long, the high lira rate hurts after a while; but not as much as it used to as it has been going down (from 20 to 10% in the past 12 months) and the USD rate has been going up. Would really surprise me if the exchange rate between these two did not continue on its way up before very long. But you never know in this game...Longby MrRenev229
USDTYR Big Short is coming In terms of the wave analysis, it seems that we have reached the peak and completed a full cycle that started a decade ago, and we are standing on the resistance of the blue channel, and at the level of 2.618 Fibonacci, we do not want to exceed that level, and most likely we will bounce back to the target of 1.618 Fibonacci , to get the corrective wave A, first, and then continue to the second targetShortby TheOrcaWhale6611
USDTRY Best time to buy long-term is nowThe USDTRY pair has been rising steadily since the December 2021 drop. The RSI on the 1W time-frame has formed a pattern that since 2013 at least, paved the way to very aggressive pumps. Technically the next wave is about to start and shouldn't retrace before it hits the RSI's Higher Highs trend-line. Based on the pair's Higher Highs trend-line, the next top can be around $25.00. As a long-term investor, there isn't a much better level to buy USDTRY than now. ------------------------------------------------------------------------------- ** Please LIKE 👍, SUBSCRIBE ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- You may also TELL ME 🙋♀️🙋♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁 ------------------------------------------------------------------------------- 👇 👇 👇 👇 👇 👇 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇Longby TradingShot2216