Turkishlira
3.14R USDTRY Target Price 8.45269USDTRY Pin Bar + Exponential Moving Average + Horizontal Support and Resistance Level + Trend
U.S. Dollar/Turkish Lira- USDTRY The Short to M/T"s crucial level is 8.5,
sustain trading above this level we may see
9 or higher.
Failure to comfortably penetrate up and
sustain trading above 8.5 leads to 6.5 area
during the coming months.
USDTRY 4H (upward) Timeframe 4H:
1-Above dotted line (7.7500) BUY to get target blue line,
2-Under dotted line (7.7400) SELL to get target red line
USDTRY - DXY Correlation (DXY Bağlantılı Dolar Tahmini)EN- DXY, which has been bearish for a very long time, has recently been on the rise. While it's a strange situation these days where incentive packages are always and everywhere, this is the truth.
Dollar index
MA200, (now Daily MA200: 92.585) which it could not break for a long time, is a critical point. If the confirmation that this point is broken, people's confidence in the dollar may increase even more.
Although the 4-hour Stochastic RSI has been at the top for a long time, the dollar index continues to rise. At the end of the day, the foggy weather will clear. People should wait till fogs disappear.
TR- Çok uzun bir süredir düşüşte olan DXY son zamanlarda yükselişe geçti. Teşvik paketlerinin her zaman ve her yerde olduğu bugünlerde tuhaf bir durum olsa da gerçek bu.
Dolar endeksinin uzun süredir kıramadığı MA200, kritik bir nokta. Bu noktanın kırıldığı onayı gelirse insanlar problemli varlıklardan dolara daha güven içinde geçmek isteyebilir. Kesinlikle dolar endeksinin günü nasıl kapatacağı ve ABD'de ekonomiden sorumlu "yetkililer"in nasıl yola devam edecekleri izlenmelidir.
4 saatlik Stokastik RSI uzun süredir tepede olmasına rağmen dolar endeksinin yükselişi devam etmekte. Günlük Stokastik RSI ise hala gidecek yolu olduğunu söylüyor. Gün kapanışında sisli hava dağılacak. Kendime yaptığım notumdur. Herhangi bir yatırım tavsiyesi ve manipülasyon içermeyip sadece dünya genelinde gerçerli olan DXY endeksi tahmini içerir.
Not: Bu hesaptan başladığım şahsi tahminlerimi başka bir hesaptan devam ettireceğim.
USDTRY to stay above 7.50 for long timeTRY has been experiencing record-level volatility since November 2020, which proved increasingly difficult to make predictions for future behavior.
Yet the recent price movements certainly prove 7.50 to be a major resistance level going forward.
(Emerging Markets) USDTRY Outlook 2021 And BeyondTRY can get even weaker through mid 2021.
strong recovery possible following it , especially after 2021.
USDTRY Target Price 7.75440 (Entry Price 7.53180)Entry Price 7.53180
H4 Chart
05 MAR 2021 || 12:00
Entry Price 7.54954
H4 Chart
05 MAR 2021 || 16:00
EUR/TRY: Underrated Paradise 🌅Turkey is mostly known for its long history, culture, amazing cuisine and for stunning landscapes, but we have found out that it is also a great place for investments! As we have indicated in the chart, there is a trading zone between 8.630697₺ - 8.145568₺, in which we have entered this market on the long position. We expect the course to further increase sharply. Since we have only recently left the trading zone, there is still time to hop on the moving train!
Check out our other analyses, too!
💡Don't miss the great buy opportunity in USDTRYTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (7.00000).
. 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 uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 54.
Take Profits:
TP1= @ 7.26750
TP2= @ 7.50000
TP3= @ 7.77550
TP4= @ 8.04150
TP5= @ 8.57500
SL= Break below S2
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Now, It's your turn!
Be sure to leave a comment let us know how you see this opportunity and forecast.
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ForecastCity English Support Team ❤️
💡Don't miss the great buy opportunity in USDTRYTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (7.00000).
. 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 uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 54.
Take Profits:
TP1= @ 7.26750
TP2= @ 7.50000
TP3= @ 7.77550
TP4= @ 8.04150
TP5= @ 8.57500
SL= Break below S2
❤️ 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 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 ❤️
Turkish Delight! 🧿The Turkish Lira has recovered heavily from November onwards – well, in relation to the catastrophic losses of the last years. However, this recovery should be over now. As we have landed in the target zone between 8.630697₺ and 8.145568₺, we expect the Euro to come back and valuate against the Turkish Lira. Here, we expect to get more than 10₺ for each Euro in the future.
Happy trading! 💶
USDTRY - Buy Setup Forming!Hello everyone, if you like the idea, do not forget to support with a like and follow.
USDTRY is approaching strong support in green from Daily so we will be looking for buy setups on lower timeframes.
on H4: USDTRY is forming a channel pattern in red but it is not valid yet so we will be waiting for a third swing high to form around our upper red trendline to consider it our trigger swing. (projection in purple)
Trigger => Waiting for that swing to form and then buy after a momentum candle close above it (gray zone)
Until the buy is activated, USDTRY would be overall bearish and can still dive inside the green support or even break it downward.
And of course, as USDTRY approaches our upper blue resistance / round number 8.00, we will be looking for sell setups.
Good luck!
~Rich
#USDTRY USDTRY is now below 7.0 level and in final stages of an extended 5th wave, but there's still room down to 6.75 level. However, keep in mind that bounce and recovery may occur anytime soon, but only if we se decisive break back above channel resistance line and 7.23 region would confirm the bottom.
Turkey MSCI iShares ETF due to go lower, boosting Lira pairsMSCI iShares Turkey ETF is once again coming up to a solid resistance level (third try so far, no break)
and its RSI is coming off overbought (80+) in negative divergence...
Meanwhile, Lira pairs like USD/TRY and EUR/TRY are around their 200-day moving average, and
it looks like we are good to buy soon for the next leg up.
Keep an eye on these pairs...
Francesco
EUR/TRY: time to buy?Hello traders,
given that the current situation is very, very similar to a technical scenario back in 2018,
I think we should now be shifting to a long bias, though confirmation is crucial in the next few
days.
After the descending triangle was finally broken to the downside, a flush of selling came into being
but it has since fizzled out and the MSCI iShares Turkey ETF buying has also run out of steam (this is
an inverse mirror to EUR/TRY price action).
We must now look to buy, perhaps. I have gone long on my demo, with 9.0 as a potential target and
a stop around 8.6.
Good luck to us all...
Francesco
EUR/TRY breakout still to come... Price compression is unreal!Update from my last video at the start of the week...
This week brought no resolution to this stall/congestion,
and we will have to wait and see what February brings.
The central bank of Turkey has an MPC meeting on the 18th Feb.
( www.tcmb.gov.tr )
so if nothing moves until then perhaps it will do so afterwards, depending on what they say.
For now it looks like the rate hikes will stop and even the new governor may not push
this with Erdogan in power. But there is speculation, and then there is trading on what is in front of us...
And all I can see is NEUTRAL because the breakout could go either way, truly it is like throwing a coin.
@arifarslan1994 this is my response to your question, by the way :)
See you in my next video or article.
Have a good weekend
Francesco
USDTRY USD TURKISH LIRA - BULLISH DIVERGENCE ON Daily ChartUSDTRY USD TURKISH LIRA - BULLISH DIVERGENCE ON Daily Chart
Turkish lira to break long term depreciation trendIt is pretty debatable but lira may hit an ATH or at least lira had a local top. The fundamentals are bleak or against the lira but US dollar's depreciation has a limited impact on the trend.
Moreover, Wyckoff's schematics, in particular distribution, supports the idea.
7.15 will be a quite important support. 6.07 and 5.12 will then be important levels to follow.
