USDTRYIt broke 7.26 in 92 days and increased by 18%. Until 8.57, it was the same price again after 203 days. If it breaks this place as well, it is not surprising to see double digits.
TRY (Turkish Lira)
USDTRY - Long Breakout?We caught a great trade from March going long (Profit/Loss Box Remains)
I just don't see the economic situation getting better anytime soon for Turkey.
I am actually living in Turkey currently, it's a lovely country with wonderful people, food and and and....
I see the break north, on a technical level the "Rising Wedge" pattern illustrated.
Keep on trucking! or trading whatever...
1% Risk, 2:1RR
DOGETRY TO THE MOON ANALYSIS-3-As we can observe the higher lows into the Resistance that signifies the strength of the trend THE PRICE WILL KEEP RISING
USDTRY 4H (Prepare to broke the record) Timeframe on 4h:
In previous idea we said the turkish lira will be destroyed and will get the 8.41 then 8.53 till now breaked 8.41 but now we will wait to get 8.53
1.Stabilize Above 8.3800 will get a new price upward
2.Stabilize under 8.3700 will get down till the channel
USDTRY 4H (waiting to break the channel to appear the direction) Timeframe 4H:
Above the channel will get 8.388
Under the channel will get 7.740
USDTRY 4H (have strong stress to get 8.38 and 8.50)1-Above 7.950 will get 8.388 then 8.530
2-stabilize under 7.900 will get 7.741 ..
———————-
But first option upward have more probability because make it stable above 7.95 and 8.130 this price is recommended to get 8.30 then 8.50 ,,,
But another side downward should be break the 7.74 to take strong sell
USDTRY 4H Timeframe 4H:
1-Under dotted line (7.7400) SELL to get target red line
2-Above dotted line (7.7500) BUY to get target blue line,
The targets is 8.5000
#turkey #turkish lira #USDTRY about to moonThis macro event can accelerate #Bitcoin to new highs; Turkey has no regulations or taxes on crypto. If you lived in Turkey and this was happening, gold is confiscated...what would you do?
EUR/TRY: Shake It Up, Şekerim! 💃💃💃It’s 2007, you are sitting at home watching the Eurovision Song Contest and this dude from Turkey, Kenan Doğulu, completely rocks the show with his song “Shake It Up, Şekerim (my sugar)”! Fast forward 14 years, a lot of shaking is happening in the Turkish Lira against which the Euro gained massively recently. As it stands right now, we expect the Euro to hit prices of 10₺ and above. Only condition for this scenario to realize is that we do not fall below 8.3344₺. However, with the current surge, we are more than well-positioned to attack the 10₺ mark.
Happy trading!
TRYJPY long timeframe view point .You have any hesitation above the chart
Have any glitch on the TRYJPY monthlies price chart ? i hope traders can properly indentify my charting glitch !
TRYJPY expectation is rights?
TRYJPY will be gone moon !
#TRYJPY Where will be arrived?
TRYJPY BULL prive movement prediction ready i believe that .
TRYJPY mine own perspective so what's your opinion on the nzdchf price movement please comment in the below section .
USD try long forecastyo guys here we are again! as you can see in the chart we have flag pattern and near supply zone and wave 3 of eliott! the 3 eliott wave will go down for 1 percent of fibo eXT, so we expect the price go near 7.0000 and next reverse for the wave 4!
Turkish Lira Showing Signs Of StrengthI posted a monthly chart for the Dollar a few months back that showed the Dollar will continue to lose value in the future. This will obviously not happen overnight, but I expect over the course of 2021 the dollar will continue to it downtrend. Looking at the Turkish Lira monthly chart, we see bullish divergence, and several indicators showing strength. If you look into the emerging currencies market vs. the Doallr you will see the same exact picture. DO NOT be fooled, the Dollar will lose value this will impact the US economy on a global scale.
Money Supply Effect on BTCAs a summary my mid-long term projection is:
BTCUSD: Bearish
DXY: Bullish
BTC.D: Bullish
Altcoins: Bearish
Contrary to most, i still do not think that money supply will push BTC and crypto prices higher. US dollar is still powerful and till inflation starts to increase and DXY completes its movement, all pairs against USD have to be in correction.
At the end i wait very long and greedy bull market for all risky assets including cryptocurrencies and emerging markets. As an example, Turkish lira is one of the worst fiat currencies nowadays all around the world but it is just completing its major cycle against USD. You may check other emerging markets and currencies such as South Africa, Brasil etc.
XU100/USDTRY
To sum up, instead of a financial collapse, i will be waiting for risk appetite in long term but for now world need US dollar!
Big Day For USD-TRYUSD TRY shouldn't close today above 7.1 for a lot of technical reasons I cannot possibly mention here.
Let me just say that there should be a ton of resistance there.
Right now it is surprisingly holding very close to the top.
If it doesn't close and spends a few days in this area the possibility's become increasingly bullish.
In the event that it closes above 7.1 at any point within next week it's mid term target becomes 9.2 and there will be very little resistance to get there.
In the event that it closes today above 7.1 the price will rally like a rocket and 9.2 will be reached in a much shorter timeframe.
This is very sad for all Turkish people. And what's even worse is that no one there has a clue about this.
SHORT USD against TRYtopped out, great potential for usd retracement profit taking shorter/mid time frames 7 - 7.3
UsdTry to 8.28 if it breaks the resistance blockI am following this crab harmonic about 6-12 months. Doing so well till now ...
