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...
Trading Setup: There is a Trading Signal to Buy in USDTRY Currency Pair. Traders can open their Buy Trades NOW ⬆️ Buy Now or buy on 23.05 ⭕️SL @ 22.69 🔵TP1 @ 24.54 🔵TP2 @ 25.44 🔵TP3 @ 26.63 What are these signals based on? Classical Technical Analysis Price Action Candlesticks Fibonacci RSI, Moving Average , Ichimoku , Bollinger Bands Risk Warning...
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
this is my bullish trend continue idea. however wait for come key level after how to respect to key level after trend continue to up trend you can entry ,so this is my opinion only .
%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.
#usdtry bullish running flat or expanded flat correction......................
Following fibo levels. It's perfect and clear. TP1 18.39 TP2 19.61 TP3 21.15 - will be fast.
MAKE TURKEY THE NEW ARGENTINA the people of Turkey opted for the continuation, eliminating the possibility of recovery. rhetoric won over reality. alas! they are to bear the consequences. FX:USDTRY