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USDTRY

USDTRY Gearing Up For Another Impulsive Move?USDTRY has not been shy when it comes to showing off its linear trends as we witnessed staggering growth of 89% in 2018 and 44% in one month alone in August 2018 reaching a high of 7.0831. Price consolidated for 2 years after that and broke out in August 2020 and went on to trend to a high of 8.5777. Price then went on a decline and is currently sitting at a cluster of support in the form of a previous resistance level turned support at 7.2682 and the daily 200 simple moving average. Price is currently walking up the 200sma and if this level continues to hold as support then we should eventually see the bulls force price back up to continue the trend. USDTRY does reward investors that have patience as the trends, once they come, usually arrives with force and delivers fast and healthy profits. We will continue to monitor this forex pair to see how price reacts to its current support base. See below for more information on our trading techniques. As always, keep it simple, keep it Sublime.
by Sublime_Trading
Pivot Point Strategy A pivot point is a technical indicator to identify trends and reversals in any market. Pivot points are calculated to determine critical levels in which the price could find its support and continues in the same direction or change from bullish to bearish, and vice-versa. We can use Pivot points to find entry, stops, and profit-taking by trying to determine the psychology of the market. When we are above the pivot point the market is bullish. In a bullish market if we cross a resistance level the uptrend will continue but if it bounces back we can expect a trend reversal. When we are below the pivot point the market is bearish. In a bearish market if we cross a support level the downtrend will continue but if it bounces back we can expect a trend reversal.
KRAKEN:DASHUSDEducation
by apadanaforex
3
💡 Don't miss the great buy opportunity in USDTRYTrading suggestion: . There is a possibility of temporary retracement to suggested support line (7.298). 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 below the 21-Day WEMA which acts as a dynamic resistance. . The RSI is at 48. Take Profits: TP1= @ 7.4280 TP2= @ 7.5543 TP3= @ 7.7507 TP4= @ 7.9057 TP5= @ 8.0285 TP6= @ 8.5745 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 do you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity_World
7
💡 Don't miss the buying opportunity in USDTRYShort-Term Forecast Trading suggestion: . The price is trying to break downtrend #1 for the second time. It will be a buying opportunity if downtrend #1 is broken. . There was a possibility of temporary retracement to the buy zone when the price reached the suggested resistance line (7.5150) and downtrend #2. . Traders can set orders based on Price Action in the buy zone and expect to reach short-term targets. Technical analysis: . USDTRY is in a downtrend. A divergence is formed, and the beginning of an uptrend is expected. .The price is above the 21-Day WEMA, which acts as a dynamic support. . The RSI is at 51. Take Profits: TP1= @ 7.7350 TP2= @ 8.0303 TP3= @ 8.3652 TP4= @ 8.5690 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 do you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity
25
💡 Don't miss the buying opportunity in USDTRYShort-Term Forecast Trading suggestion: . The price is trying to break downtrend #1 for the second time. It will be a buying opportunity if downtrend #1 is broken. . Also, it will be a possibility of temporary retracement to the buy zone when the price reached the suggested resistance line (7.5150) and downtrend #2. . Traders can set orders based on Price Action in the buy zone and expect to reach short-term targets. Technical analysis: . USDTRY is in a downtrend. A divergence is formed, 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 70. Take Profits: TP1= @ 7.7350 TP2= @ 8.0303 TP3= @ 8.3652 TP4= @ 8.5690 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 do you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity
11
USD/TRY: section fast transactionsHi everyone! I think USD/TRY pair is ready to small growth. The arrangement of the next amounts is about 0.5 according to Fibonacci from the previous falling. Therefore I expect growth at least to level 7.7690. Thus the price will go to check of resistance. Bought on 7.5707 TP = 7.7690 SL = 7.5036 (below the last minimum). Information provided is only educational and should not be used to take action in the market. This section is intended for short-term speculation. Be ready to leave a position at any time.
Long
by Yuriy_Kuznetsov
2
USDTRY Sets To Complete A-B-C Zigzag PatternUSDTRY made a sharp five-wave impulse decline from 8.58 high. According to Elliot Wave theory, a three-wave correction follows every impulse pattern. In USDTRY's case, the correction seems to be unfolding as a simple zigzag. We have the wave "a" and wave "b" seem to have completed as a simple zigzag. If this count is correct, the price should resume higher in wave "c" to complete the zigzag. Target above wave "a" high and upper boundary of the channel is plausible in the days ahead. The red level is the invalidation zone based on the current count. What's your view on USDTRY? Let me know in the comment. Thanks for reading! Veejahbee.
Long
by Veejahbee
8