usdtry 1d
Technical view on the market, which isn't an invitation to buy or sell, But only for learning purposes and sharing my thoughts.
Attention :
Always use a proper risk management in trading.
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USDTRY
USDTRY 4H (will make a retest)USDTRY, After getting high price and recording new price, I think should make some retest and then continue to grow upward,
Until solving all politicians problems in Turkey
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It’s possible to get down till 9.20
And then will try to continue their upward
USD/TRY PARALEL KANAL TEPE TESTİDXY tepki alımları alsada genel dxy trendi aşağı yönlü. Dolar tl paralel kenar üst sınırlarını test edicek ve kritik bölgede bulunmakta eğer kanal üst sınırlarından tepki yemesi halinde 1w/1mo. sfp oluşturabilir ve kısa-orta dönem düşüş trendi başlatabilir eğer kanalı yukarı yönlü kırması halinde bir başka s/r flip gerçekleşecek ve parabolik gitme şansı var. kanalın içinde kalıp kısa orta vadede kanal alt çizgisine dönüş yapması daha olası.
USD/TRY turkish lira napicak ?piayasa baya yangin gibi olmuş ama bence buraya kadar yeter va duşme zamani geldi
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
Bearish divergenceas you see we have some bearish divergence, The price is important at 9.35$ if the price breaks out the channel resistance and confirm go long.
USDTRY 1D (downtrend) till 8.94Usd-turkish-lira now can get the record price for first time, and now have strong resistance zone it can make a retest,
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Downtrend
Entry: 9.0315
Tp.: 8.96 & 8.93 & 8.84
Sl.: 9.085
Turkish Lira USDTRY | Watch Price Level 8.96562USDTRY. Wait and See How The Turkish Lira Responds To 8.96562 Price Level.
Usdtry 1D Turkish lira now will try to get upward zone because can breaking the resistance zone but still now can’t make a stability above it,
And under 8.75 will be get downward respectively due to arrow.
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(Upward )
Entry: above 8.83 & 8.73
USDTRY 1D (stabilize above resistance zone)Usdtry, after getting fully upward and can stable above resistance zone, i think will try to getanother upward zone above 8.83
+”———
(Upward )
Entry: above 8.83 & 8.73
USDTRY 4H (Downward)Usd turkish-lira after getting the record price and can make some stability at here so i think will make a retest to down and then will try to continue their upward.
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Downtrend
Entry: under 8.85
Tp.: 8.79 & 8.74 & 8.65
Sl.: 8.93
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My previous idea about USDTRY : in the below.
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.
Target 7.638Following weekly chart.
RSi bounced from 60', this is clear short signal for me till 7.93 & and 7.638
Following 7.85 for SL
USDTRY - TRY will go through some hard days!-Tapering is coming soon, dollar will gain value and currently one of the weakest currencies that will drop from these news is TRY.
-We expect USDTRY to hit 8.90000 in short-term by the december.
CB October CB cuts the rates 100bp despite of higher inflation. It was expected to happen in October session, however Erdogan gets what Erdogan wants a month earlier. That might takes it above 9 sooner than we guess.
USDTRY 1D ( downtrend) but shouldn’t break upward zone Usdtry after touching resistance zone and gettng higher record will make a strong retest to down,
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Welcome to another debt crisis in economic history 5!Conjunctural sum. Nothing has changed.
Tradingview wants me to write more about it, unnecessary.
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...
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.
USDTRY 4H ( Upward)Usdtry no the price can stable above the resistance line i expect will continue their upward till 8.54
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Upward)
Entry: above 8.40
Tp.: 8.54
Sl.: 8.33
USD/TRY about to fallHi, Price is ready to drop after breaking the ascending trendline...in H4 TF it looks like we have a double top too.
Use proper risk management!
