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USDTRY

Is the US Dollar dying or dead?In this very busy chart, I compare 6 forex pairs. It needs some study. What seems clear to me is that the USD strength has been heading south manly since March 2020. This is not unexpected of course, following the FED's money-printing spree, now called QE infinity. I'm not here to say whether that's a good thing or a bad thing. The overall effect of a weak USD is to keep the US stock indices afloat. I'm not saying that is an intended effect of what the FED is/was doing. I think the effect is dangerous on both Bond and Stock markets, because at some point people or banks are gonna wake up and wonder 'What's the value of money?'. In a sense that's already happening, as in other posts I've shown that there is movement of value into metals and Bitcoin. The above are speculative opinions that may well be wrong. This means that you ought not to make decisions based on anything I say. Disclaimers : This is not advice or encouragement to trade securities on live accounts. Chart positions shown are not suggestions. No predictions and no guarantees supplied or implied. Heavy losses can be expected if trading live accounts. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
Education
by Captain_Walker
7
ridethepig | TRY for the Yearly Close📌 Turkish Lira for the Yearly Close The strong points of the rally which we went into more detail was an absolute momentum move; the flow was a force to be reckoned with and undermined all sides of the Turkish banking system, collapsing like a house of cards. After 2019 the helplessness of Turkey's Erdogan was quite something. My dear readers, populists and dictators are absolutely incapable of standing aside, and this one is not of any particularly inclined intelligence either. Markets are going to do this for us and leave him aside after we clear covid flows. I personally think a lot of profit taking will be done here in USDTRY, after such a monster move it is favourable for a retest of 6.00 and Turkey can begin to look attractive for the coming years. There is no such hurry with this move, firstly next week is a panic cycle, followed by 11th Jan which should attract a lot of opportunities to load. Make use of the retracement and profit taking as a basis for our operations, we are miles ahead of the crowd as usual with 6.0 in the crosshairs I am starting to build an allocation as TRY looks cheap to me up here. Thanks as usual for keeping the feedback coming 👍 or 👎
Short
by ridethepig
2
XAUUSD !! Sell targetNew target for Gold can be expected to be 1818-1814 range, I marked resistance levels above analysis If the 1846 first resistance zone is broken into the trendline, it can be expected to go up to 1873 and come to 1814 from the 2nd resistance point. If the trendline is not broken, it is expected to come directly to 1814. Please push **LIKE** to support idea , thanks This post does not provide financial advice. It is for educational purposes only! You can use the information from the post to make your own trading plan for the market. But you must do your own research and use it as the priority. Trading is risky, and it is not suitable for everyone. Only you can be responsible for your trading.
OANDA:XAUUSDShort
by Wolf_of_Trading
42
USDTRY 7.85355 - 0.35 % SHORT IDEA * PRICE ACTIONHey everyone Here's a look at the DOLLAR / TURKISH LIRA from the 4h perspective hope you guys are having a good one. The pair has been range bound in a ascending triangle and if we follow the 123 rule we are close to start seeing some rise in momentum on the pair more volatility coming into play not the trigger zone where we'll monitor price is at the 38.2 % Fibonacci retracement level as it saw those previous 1 & 2 touches from there i will be looking for continuation with the bears swing on the pair. should the trade trigger monitor price and place this one in your watch list... many stars must align with the plan before executing the trade, kindly follow your rules. LET'S SEE HOW IT GOES.. HAPPY TRADING EVERYONE & LET YOUR WINS RUN... _________________________________________________________________________________________________________________________ ENTRY & SL - FOLLOW YOUR RULES here's some of my rules if they help. 1. look at structure be it descending channels, pennants and so forth. 2. RSI is overbought/oversold so will be looking for a pull back to structure before continuation. 3. will be looking for entries from 30M , 1H, 2H & 4H time-frames if taking the trade long term. 4. aggressive trades can be executed on the pull back 5. price action must definitely align with the plan.' 6. structure definitely 7. the 20 EMA must be respected as support / see a bounce at this structure 8. FIBONACCI EXTENSIONS AS GUIDELINES FOR SL & TP'S . 9. CANDLE STICK PATTERNS. so i will most like's enter this one in a bit but i hope this idea assists in any way on your trading plan. RISK-MANAGEMENT PERIOD - SWING TRADE __________________________________________________________________________________________________________________________ If this idea helps with your trading plan kindly leave a like definitely appreciate it.
Short
by PULEMokhothu
2
XAUUSD !! Let's determine the zone of resistanceIn my previous analysis, before these bullish candles were formed, I had drawn the red trend line and said that sales cannot be made until this trend line is broken and I was right. Now I specified the sales area with a yellow box (1827-1865), the target will be 1778 with the sales movement from this region. I recommend you to follow the red trendline break carefully.The arrow signs are very clear Good luck to everyone, if you find the analysis useful, you can support it by liking it and writing a comment.
OANDA:XAUUSDShort
by Wolf_of_Trading
50
Dollar/Turkish Lira - Important Technical Analysis UpdateMidterm forecast: While the price is above the support 7.2675, resumption of uptrend is expected. We make sure when the resistance at 8.5750 breaks. If the support at 7.2675 is broken, the short-term forecast -resumption of uptrend- will be invalid. Technical analysis: The RSI support #1 at 57 is broken, so the probability of resumption of uptrend is decreased. A peak is formed in daily chart at 8.0516 on 11/24/2020, so more losses to support(s) 7.7755, 7.6600, 7.4565 and minimum to Major Support (7.2675) is expected. Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains. Relative strength index (RSI) is 46. ❤️ 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 ❤️
by ForecastCity
19
Dollar/Turkish Lira - Important Technical Analysis UpdateMidterm forecast: While the price is above the support 7.2675, resumption of uptrend is expected. We make sure when the resistance at 8.5750 breaks. If the support at 7.2675 is broken, the short-term forecast -resumption of uptrend- will be invalid. Technical analysis: The RSI support #1 at 57 is broken, so the probability of resumption of uptrend is decreased. A peak is formed in daily chart at 8.0516 on 11/24/2020, so more losses to support(s) 7.7755, 7.6600, 7.4565 and minimum to Major Support (7.2675) is expected. Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains. Relative strength index (RSI) is 46. ❤️ 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 ❤️
by ForecastCity
18
💡Don't miss the great buy opportunity in USDTRY Trading suggestion: ". There is a possibility of temporary retracement to suggested support line (7.8242). . 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 61. Take Profits: TP1= @ 7.9028 TP2= @ 7.9588 TP3= @ 8.0394 TP4= @ 8.1861 TP5= @ 8.3224 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 ❤️
Long
by ForecastCity
8
💡Don't miss the great buy opportunity in USDTRY Trading suggestion: ". There is a possibility of temporary retracement to suggested support line (7.8242). . 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 61. Take Profits: TP1= @ 7.9028 TP2= @ 7.9588 TP3= @ 8.0394 TP4= @ 8.1861 TP5= @ 8.3224 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 ❤️
Long
by ForecastCity
10
XAUUSD !! New Setup is ready The 2 goals I published as an analysis in the past week were achieved with a total profit of 1200 pips and now I marked our 3rd target zone with a yellow box. After the trend line I specified in red color is broken, I am waiting for a sales movement towards the Third target zone I specified in yellow and I indicated this on the chart with arrows. If you find it useful, please support this idea with LIKE and share your ideas in comment part please
OANDA:XAUUSDShort
by Wolf_of_Trading
63