💡Don't miss the great buy opportunity in USDTRYTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (8.4295).
. 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 55.
Take Profits:
TP1= @ 8.4585
TP2= @ 8.4850
TP3= @ 8.5110
TP4= @ 8.5510
TP5= @ 8.5855
SL= Break below S2
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Usdtrybuy
Buying Opportunity in USD/TRYHi everyone, bearish movement could be happened soon. There is an formation of wedge shaped ascending triangle over the trend line also there is an strong resistance around 8.50.
Price could be hit around 8.24 for short period of time which is an nice entry floor for a long term profit. In my view it is almost impossible to touch 8.00-7.90 level without any significant increase of interest rate.
#USDTRY LONG.. We have been observing a horizontal trend for a while in USDTRY.. In the four-hour chart, we see the ascending triangle pattern.. The falling wedge pattern is clearly noticeable in the RSI, and if the pattern works, the upward price movements may harden and the peak point of 7.20 can be tested.. Also; I think the reference values (54) and (45) in RSI are very important in the short term, these values can be considered as an important indicator in terms of price movements.. Moving averages (ma5, ma8 and ma13) and gator are about to return to positive, it seems highly likely that the correction wave will remain short again..
My personal opinion; In the direction of price movements in USDTRY, the impingement will show a sharp upward break after a while and 7.20 peak point will be tested in the near future..
Disclaimer: Not investment advice.. Please do your own due diligence when it comes to forex-trading.. Invest at your own risk..
I wish you all the best..
#USDTRY ANALYSIS.. ABOUT THE MARKET CYCLES.. I think it is quite meaningful to analyze #USDTRY within the framework of market cycles rather than classical technical instruments..
From my point of view we are very close to the part where USDTRY will experience sharp increases in the market cycle.. If we approach the daily chart from a wide window, we can easily see that very similar movements are repeated in #USDTRY.. I expressed in the graph the movement I expected to be in the medium term..
In particular, I think that we are entering a period in which the dollar will grow stronger on a global scale and the results of this will be bad for the currencies of developing countries..
Disclaimer: I am not a financial advisor.. Please do your own due diligence when it comes to forex-trading.. Invest at your own risk..
I wish you all the best..
USDTRY AttentionHello friends, I wish you all the best.
I shared the necessary information on the chart.
He made 3 peaks 2 times and had a correction.
It is useful to be careful after this point.
He can make the last 3 hills and go to the big correction.
This analysis is not investment advice.
If my sharing has helped you and has an idea, you can like and support it.
stay tuned for new analytics
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.
Turkish Lira - Devaluation goes onThe devaluation of the Turkish (new) lira continues to the fullest and shows how strong a current wave 3 is within the impulse wave.
The confidence of the own population in the monetary policy decreases more and more and even interest rates on 2-year government bonds of just under 20% and 17% on 10-year government bonds as a foreign investor do not compensate for the losses caused by the devaluation.
I expect a further devaluation by at least 20% in the range 5.90 lira for 1 US-Dollar before a short relaxation could start, not must.
Best regards
Stefan Bode
Invest money! Interest or dividend? Stocks or bonds? What are convertible bonds? Real estate or commodities?
USDTRY Falling Wedge Breakout is Imminent - Long Term IdeaUSDTRY has a falling wedge formation on the weekly chart. If this week closes above 5.31 falling wedge breakout will be confirmed.
Stoch RSI is extremely oversold on the weekly chart. Tom Demark count gave a red 9 and counted extra 3 bars.
In upcoming weeks I expect a bullish rally to start.
Here is my long term trading idea:
Long at: 5.26 - 5.31
Take profit at: 5.43 - 5.75 - 5.82
Stop loss: 5.04
***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***
USDTRY / Support Channel & ABCDFX:USDTRY / Support Channel & ABCD
Don't forget to use %2 Risk Management
DISCLAIMER:
Please note I am only providing my own trading information for your benefit and insight to my trading techniques,
you should do your own due diligence and not take this information as a trade signal.
USDTRY will he test the summit again?USDTRY H2 chart
It may not be exactly like that, but it's the scenario.
I think it will test the summit again in a short time.
***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***
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