USD/TRY analysis 15.04.2020USD/TRY short term analysis. Harmonic bearish butterfly will go down a lil. Shorting it
USDTRY
DXY (U.S. dollar) Risk Range - 12:33:49 (UTC) Tue Apr 14, 2020DXY (U.S. dollar) Risk Range -
12:33:49 (UTC) Tue Apr 14, 2020
Usdtry double top correction It look likes my old friend Usdtry can’t cheat the market anymore, technicals caught up with the naughty boy, we are going towards the ath 7.10 level from there a correction down to low 6’s is expected probably somewhere around 6.20 and from there another bullish attack to flag target of 9 ish. Not a trading advice just an idea.
UF at Supply Zone - 11:53:12 (UTC) Mon Apr 13, 2020UF at Supply Zone - 11:53:12 (UTC) Mon Apr 13, 2020
U.S. Dollar Weekly Outlook - Mon Apr 13, 2020Please, I really don't like making y'all upset with predicting --the future o--these prices.
The fundamentals behind this whole dollar mess will be and has been released, in grave (and boring) detail.
08:55:09 (UTC)
Mon Apr 13, 2020
US10Y- Upper Range - 12:58:32 (UTC) Wed Apr 8, 2020US10Y- Upper Range
- 12:58:32 (UTC) Wed Apr 8, 2020
USDTRY Hello friends, I wish you all the best.
I see the dollar as the 6.93 critical place.
It is useful to be careful that it can throw 7.04 needles and close below 6.93.
If closing above 6.93 comes, there is a possibility of going up to 7.36.
This analysis is not investment advice.
If my sharing has helped you and has an idea, you can like and support it.
USDTRY Potential Bearish MovementUSDTRY Potential Bearish Movement
we are waiting for a momentum candle close below 6.690 to sell this one
Reason:
1- Regular Bearish Divergence on MACD (in red)
2- Objective Channel (in blue)
3- All-Time-High
Three confluences are enough to consider Selling USDTRY, after a break below 6.690 (in gray)
*meanwhile, this pair is overall bullish, until an objective sell setup is activated
USDTRYApproaching the 1.236 extension. A dangerous pair to short, however, it is counting out like we should have a reaction from this fib level. Looking for the creation of an ending diagonal of one, or possibly 2 degrees. Potentially a larger correction down, so depending on position and price action, u might want to let some run.
Tradtional market analysis 1 (Metals + Forex)Gold, Silver, USDMXN, USDZAR, USDTRY, EURUSD
Talking about Central bank action, state of economies, the USD shortage and all the technical around it
ridethepig | Squeeze!Recognise that this demand for USD is squeezing USDTRY into the secondary macro swing targets at 6.60xx. This is completely inline with the forecasts and all those in leveraged positions are inclined to take profits. We are not out of the woods (yet) and large hands will continue to buy dips in USDTRY as long as we remain in risk-off flows.
As widely mentioned "local banks will come under pressure and show severe distress above 7" ...increasingly this is becoming the target as weak fundamentals and dictators limit ability to invest in the currency. Expect some consolidation over the coming days before further funding issues add upward pressure via USD demand.
Good luck all those buying the dips, highly recommend tracking TRY as a good benchmark to health in EM FX. Thanks for keeping the support coming with likes, as usual jump into the comments with your charts, view and etc!
The nonsensical USD Rally is Finally overForget the rush to safety, the USD will break. It has to break because the whole world depends on it for liquidity. The greenback must crash as a #coronavirus safety valve.
TRY averaging with positive swaps. Short the double bar bear reversal pattern with high trading volumes until it breaks!
USDTRY 4H Sell USDTRY 4H Sell and Buy Setup
Short idea:
TP1: 6.55400 6,54000
TP2: 6.44000-6.45000
This is not investment advice
Obviously I do not use sl , adjust according to your own account
