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Usdtryforecast

USD/TRY Break uptrend? 10 cents by 2022? I am slowly getting into forex, Played with ti a little bit. When I went to turkey end of Jan exchange for tourists were still great but i went jan 31st and left feb 7th and When I got there it was around 1USD was 7.32 Turkish Lira. By the time I left (Feb 7th) it was nearing its bottom before the spike from from 6.92 to almost a full dollar more in less than a month to 1 USD $7.78! I see the power of FOREX and this will be the Next journey! Been doing some research. Lets go.. Money never stops!
Long
by ArmaanOG
#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..
Long
by OguzhanSengor