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USDTRY

USD/TRY longHello! The USD / TRY pair reached strong support around 8.40. Currently, we can expect an upward movement to the nearest resistance at the level of 9.0906. SL below support. Technical indicators confirm this as well. Overcoming the local trend line (indicated on the chart in yellow). It is better for cautious traders to wait until the trendline is crossed. Bought on current price TP = 9.0906 SL = 8.36614 Information provided is only educational and should not be used to take action in the market
Long
by Yuriy_Kuznetsov
TURKISH LIRATRY has been weakening against USD for a long time. Last week, Turkish Central Bank slashed its key interest rate to 18%, and the inflation in the country is more than 19%. From USDTRY log chart we can see the clear uptrend and the price movement is tightening forming a rising wedge. The ratio is climbing but with lower and lower momentum. RSI is also indicating to divergences. After breaking down from the pattern, the next support areas are marked in red zones. Also, the green support line that has been keeping the price up since 2014 is indicated.
Short
by lalayev
USDTRY TECHNICAL ANALYSIS 23092021How to Calculate Andrews' Pitchfork Andrews' Pitchfork can be easily applied to price charts without a specialized drawing tool. Point 1: starting point of uptrend or downtrend. Points 2 and 3: reaction high and reaction low in the uptrend or downtrend. Point 1 = starting point of median trend line. Distance between Points 2 and 3 = channel width. Draw and extend a trend line from Point 1 through the midpoint of Points 2 and 3. Draw and extend trend lines from Points 2 and 3 parallel with the median trend line. Change Pitchfork slope by changing Point 1. from investopedia NO INVESTMENT ADVICE...
Short
by volkancetin
5
USDTRY Descending Triangle BreakoutI see possible short term gains on USTRY pair, in my opinion it can cross 9.0 mark this year easily. From technical point of view, it broke Descending Triangle Pattern and has to continue falling further up to 9.0 and above. We have a long range Ascending Wedge Pattern that has been formed since 2018, so it can retrace a bit after hitting upper green line. On RSI we can also see breakout from downtrend, which is also a good indicator that price can go up to 9.0 and above.
Long
by bejaneps
💡Don't miss the great buy opportunity in USDTRYTrading suggestion: ". There is a possibility of temporary retracement to the suggested support line (8.3133). . 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 an uptrend is expected. . The price is below the 21-Day WEMA, which acts as a dynamic resistance. . The RSI is at 75. Take Profits: TP1= @ 8.4898 TP2= @ 8.5521 TP3= @ 8.6602 TP4= @ 8.7464 TP5= @ 8.8414 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 / Crypto 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 ❤️
Long
by ForecastCity_World
8
💡Don't miss the great buy opportunity in USDTRYTrading suggestion: ". There is a possibility of temporary retracement to the suggested support line (8.3133). . 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 an uptrend is expected. . The price is below the 21-Day WEMA, which acts as a dynamic resistance. . The RSI is at 75. Take Profits: TP1= @ 8.4898 TP2= @ 8.5521 TP3= @ 8.6602 TP4= @ 8.7464 TP5= @ 8.8414 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 / Crypto 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 ❤️
Long
by ForecastCity
4