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USDTRY

Quick one: USDTRY might be about to go boomForex market have started getting very volatile (after years of making us fall asleep), following the west heavily increasing their interest rates + the war against Russia. The risk reward could be very good, the price can easily rally strongly. It looks like it could be about to burst. Even 15% odds of that happening are worth it to me. The USDTRY fundamentals have changed: - now it is as bad as before for the Lira - but now the USD has interest to make it even more attractive compared to that dead currency Makes sense to me it will continue to go up like it has been doing for years in a straight line as it now has even more reasons to go up. Do not hold too long, the high lira rate hurts after a while; but not as much as it used to as it has been going down (from 20 to 10% in the past 12 months) and the USD rate has been going up. Would really surprise me if the exchange rate between these two did not continue on its way up before very long. But you never know in this game...
Long
by MrRenev
2
#USDT.DOMINANCE 1DAY UPDATE !!Hello, welcome to this USDT.DOMINANCE 1DAY chart update by CRYPTO SANDERS. I have tried to bring the best possible outcome to this chart. Show some support, hit the like button, and comment in the comment section. this motivates me to bring this kind of chart analysis on regular basis. CHART ANALYSIS:-dominance resistance level 7.85 and dominance symmetrical triangle pattern upper trend line resistance and dominance support level green zone 5.60% Hit the like button if you like it and share your charts in the comments section. thank you.
CRYPTOCAP:USDT.D
by CryptoSanders9563
4
USDTRY Best time to buy long-term is nowThe USDTRY pair has been rising steadily since the December 2021 drop. The RSI on the 1W time-frame has formed a pattern that since 2013 at least, paved the way to very aggressive pumps. Technically the next wave is about to start and shouldn't retrace before it hits the RSI's Higher Highs trend-line. Based on the pair's Higher Highs trend-line, the next top can be around $25.00. As a long-term investor, there isn't a much better level to buy USDTRY than now. ------------------------------------------------------------------------------- ** Please LIKE 👍, SUBSCRIBE ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- You may also TELL ME 🙋‍♀️🙋‍♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁 ------------------------------------------------------------------------------- 👇 👇 👇 👇 👇 👇 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
2
USD/TRY We are here interesting pointHey guys, if you guys check my profile from below link, www.tradingview.com You guys see I have a lot usdtry analysis and my analysis success rate is 90% on this pair because I live in turkey and I feel every single situation when our turkish lira lose value let me give example. So right now our president want to lower interest rates but technic analysis say if we close up weekly 16.89 level dollar is begin new rally to upside carefully all this area is so imporant just watch to price actions and we decide what we do stay tune.
by emrelg
9
USD Would be 20 Liras in Next MonthsAlthough the chart has too many bullish daily candles, the upward angle and trend confidence shows me the trend is your friend. So I expect a new record high and a breakout of December's high of 18.25 . The target is 20 in the next two months . On the macro side, the imbalances remain. Turkey has the highest negative real interest rate (minus 64%) * among countries targeting inflation worldwide. Turkish inflation continues to grow, and the negative difference would grow. As a conclustion country's economic agents would continue to get rid of the lira. The Turkish central bank can't achieve its 5% inflation target for more than a decade. With Erdogan in power, it would never happen. Yearly current accounts have been negative for the last 20 years, with one exception in the 2020 Covid year. In 2022 Turkey continues to register the current account deficit thanks to the high energy prices of imported goods and perpetual high inflation. Without a sound monetary policy, the Turkish lira could be permanently devalued to new historic lows every year or two. * I compare last month's inflation with today's central bank policy rate. It is not 100% correct in the macroeconomic sense. They compare the expected inflation rate at the end of the year with the policy rate. Still, all forecasts are sloppy and usually are not on target, so I deliberately use the statistics.
Long
by Nikita_Kalinin
💡Don't miss the great buy opportunity in USDTRYTrading suggestion: ". There is a possibility of temporary retracement to the suggested support line (17.9722). . 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 above the 21-Day WEMA, which acts as a dynamic support. . The RSI is at 66. Take Profits: TP1= @ 18.5000 TP2= @ 19.0000 TP3= @ 19.5000 TP4= @ 20.0000 TP5= @ 20.5000 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
10
💡Don't miss the great buy opportunity in USDTRYTrading suggestion: ". There is a possibility of temporary retracement to the suggested support line (17.9722). . 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 above the 21-Day WEMA, which acts as a dynamic support. . The RSI is at 67. Take Profits: TP1= @ 18.5000 TP2= @ 19.0000 TP3= @ 19.5000 TP4= @ 20.0000 TP5= @ 20.5000 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
2
USD/TRY now looks to the CBRTUSD/TRY now looks to the CBRT - USDS/TRY clinches the second session in a row with gains on the back of the continuation of the bid bias in the greenback, always amidst persistent risk-off tone and helped further by rising US yields. - In the meantime, the lira is expected to remain under scrutiny ahead of the interest rate decision by the Turkish central bank (CBRT) later in the week. Consensus among investors, however, sees the central bank staying on the sidelines and keeping the One-Week Repo Rate unchanged at 14.00%. What to look for around TRY - The upside bias in USD/TRY remains unchanged and stays on course to revisit the key 18.00 zone. - In the meantime, the lira’s price action is expected to keep gyrating around the performance of energy and commodity prices - which are directly correlated to developments from the war in Ukraine - the broad risk appetite trends and the Fed’s rate path in the next months. - Extra risks facing the Turkish currency also come from the domestic backyard, as inflation gives no signs of abating (despite rising less than forecast in July), real interest rates remain entrenched in negative figures and the political pressure to keep the CBRT biased towards low interest rates remains omnipresent. In addition, there seems to be no Plan B to attract foreign currency in a context where the country’s FX reserves dwindle by the day. *Key events in Türkiye this week: Budget Balance (Monday) – CBRT Interest Rate Decision (Thursday). Eminent issues on the back boiler: FX intervention by the CBRT. Progress (or lack of it) of the government’s new scheme oriented to support the lira via protected time deposits. Constant government pressure on the CBRT vs. bank’s credibility/independence. Bouts of geopolitical concerns. Structural reforms. Presidential/Parliamentary elections in June 23. USD/TRY key levels - So far, the pair is gaining 0.13% at 17.9604 and faces the immediate target at 17.9874 (2022 high August 3) seconded by 18.2582 (all-time high December 20) and then 19.00 (round level). On the other hand, a breach of 17.1903 (weekly low July 15) would pave the way for 16.3438 (100-day SMA) and finally 16.0365 (monthly low June 27). - USD/TRY adds to Monday’s gains near the 18.00 mark. - The current consolidation remains capped by 18.00. - The CBRT is expected to keep the current status quo. The lira depreciates further and motivates USD/TRY to once again challenge the upper end of the current range just below the 18.00 yardstick on Tuesday.
by AliSamadiTR
#Stable Dominance giving us a hint for a green weekend!!USDT Dominance is in play. Testing the blue EMA right now after the breakdown.Although this is a 4 hour chart but most of the people trade on leverage so keep in mind an hourly full candle close above the 6.28% followed by a confirmation candle would mean I will close my long positions manually and this chart will be invalidated. Unlikely, but you never know. Always be prepared for the worst. I am holding Long positions right now. Let me know what you think. Do hit the like button and share your views in the comment section. Thank you #PEACE
CRYPTOCAP:USDT.DShort
by Cryptorphic
1