Hello traders, this is the full breakdown of this pair. We will take this trade if all the conditions are satisfied as discussed in the analysis. Smash the like button if you find value in this analysis and drop a comment if you have any questions or let me know which pair to cover in my next analysis.
Turkish money value is going down again and it soon to break out.change it to dollar
No change in view. However, we are not moving an inch either way. Guess patience is the key. Buy current 13.25 - 13.65 for a move towards 15.50-16.50. Stop-loss unchanged 11.50 for now. The stochastic is positive, MA 10 vs 30-MA positive, conversion line above base line provides enough basis for the BUY strategy. Let's say how we can watch paint dry :)
No change in view. Looking at 10-MA vs 30-MA we are positive and stochastic as well. The key for strong uptrend is 14.23-14.28. Strategy still BUY 13.25-13.65 for move to 15.50-16.50 in short-term. I know its a slow market and both ends are controlled for now.
No change in view. But do note we need to break 14.23 first, but feel looking at stochastic and uneventful down side still prefer LONG for now.. Strategy BUY 13.25-13.65 for a move towards 15.50 > 16.50. stop-loss 11.50 for now...
The market was extremely quiet, and that always makes it difficult to chose a side. Even when we have moved from 13.80 area, the market so far remains non committal to a decisive move downwards. The rumors being government intervention behind the move, and fundamentally economist still worrying strongly about inflationary pressures. Short-term market is mixed,...
No change of view. Yes, it is a super slow market without much movement at all. That is why it is a real selection which side to choose. Based on positive MA-10 vs. MA-30 and MACD positive, the BUY side is likely the better one for now. BUY between 13.50-13.90 for move to 16.11. (resistance 14.08) and stop loss below 12.30.
The market is non-moving till now, and there seems to be a clear balance between BEARS and BULLS. The MA-10 vs MA-30 has crossed positive, and usually this suggest up move is imminent. The regression channel has clear defined points, and 14.16 mid-point, and support 12.36 area and a top above 15.00s. Due to the lack of movement waiting is the greatest enemy....
The slow movement any direction is of concern to me. I abort my SELL strategy view, as the daily chart MACD is positive now, and the 10-MA vs 30-MA looks turning upwards. It feel we see above 14.2500 > 15.50. For give me for the change in view, but I always state my opinion as per the presented conditions. The market is right no in now mans land, and since we...
We have remained above 12.7500 so stop was protected. The 4-hourly chart also is positive, and we should remain being protected using a stop-loss below 12.75. I still feel we may see 15.00 first before we move lower to 9.00. The key is to establish above 13.42 confidently as this is a minor resistance to overcome on the short-term chart. Strategy BUY...
The USDTRY still has potential upwards, but we need to overcome 13.0800 for move towards 14.36. These are the re-tracement values. In terms of GANN square, we may see higher even beyond 15.00. I would then become cautious once again for the reason that LONG_TERM chart has not as yet corrected sufficiently. For now, buy careful but place stop-loss below 12.00 (to...
💰Fxone4all 💰 FOREX 💰 🟢usdtry (long ) buy now : 13.5/ 13.4 🔸TARGET💰 🔹 15.7 🔹17.4
It starts looking confirmed that the move is upwards from here. We broke through the FALSE BEAR FLAG pattern at 11.6900. We should have room to move back towards 14.00 again. Strategy buy current 11.80-11.85 and place stop-loss below 10.50 with a profit order 13.95 for now.
According to the economic situation is Turkey, USDTRY became like a altcoin. Past 3 months it devaluated about 100%. Now volatility increased and in one day it it increase 10% up and -9% in minutes. Today it break the resistance and correction should be near 15 by 10th Jan, let's see. Not a investment advice... Do your own research.
1st Target 18.03 2nd Target 18.55 This is my prediction for all people interested in lira Turkey
No change in view. I think we have reasonable chance recovering back 12.75-13.50 short-term. The support 10.72 looks solid enough, and therefore buy strategy 11.50-12.00 still unchanged. Stop-loss if wished for 10.35 for now.
The currency pair seems a little more settled now. The GANN support 10.97 and resistance 13.50 is our defined playing field for now. The stochastic turns positive, and looking at correction I feel we may start looking at long position with a stop below $ 10.50. We will likely return $ 13.50-13.75 > 15.50. Strategy BUY 11.25 - 12.00 and take profit 13.50 >...
Well, unexpected move down for many in USDTRY based on Erdogan's financial alternatives to protect savings of Turkish Lira depositers and other measures. Trimming or going long with tight stop at $ 13.00 for re-sell $ 15.25. the monthly chart has not released enough pressure, whilst daily-chart has. GAN N support is around 13.00 area. resistance above 14.00,...