Get started

Usdtryforex

USD/TRY wave analysisUlaşabileceği en yüksek fib seviyesine ulaştı. En yüksek fib seviyesinden kastım, bu hesaplama (8.65 seviyesinden reversal) , wickleri dahil ederek ve standart olarak hesaplanması gereken swing low yerine bu swing low'dan bir önceki swing low (ara düzeltmenin swing low seviyesi) kullanılarak yapılan fib hesaplamasının sonucudur. TRY çok olumsuz haberlere rağmen bu seviyede takılmasının sebebi bu fib seviyesidir.. 9.90+ seviyesi psikolojik bir direnç olduğu için buradan bu seviyeyi test edip oradan geri dönüş yapması mümkün ama bu bence marketin yapısına aykırı olacaktır. Kırmızı ile işaretlediğim 8.40-8.90 seviyesine düzeltme bekliyorum. 7.80-8.10 seviyelerine kadar geri çekilme mümkündür, buralar geri çekilip tepki alacağı son fib seviyeleri.
Short
by baris3
2
USDTRY LONG!!Beautiful Chart. Please note that by tradition a descending triangle is bearish. Wrong, the context (point in chart) should never be overlooked. In that, if it's at a top it should be traded with extreme prejudice for going short and at bottom of a trend the opposite . Furthermore, even at bottom sometimes they fail. Now this chart is showing strength with the quad bottom setup having bounced off this support area 3 other times this should be four.. Please see candle stick prediction (hot pink)
Long
by UnknownUnicorn22383955
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
USD/TRY Technical Analysis since 2016. What is next?No one has a crystal ball for the Forex market, but what we do have to look at is history. Although past performance does not guarantee future results, when it comes to the Turkish Lira’s current situation, history shows some alarming parallels. The patterns do repeat themselves -- and with good reason. The stock/ Forex market is governed by a set of two principles: supply and demand ; and fear and greed. Both are based on human nature, and human nature doesn't change. In a bear market, all stocks are taken down. Greed gives way to fear, and investors can't sell fast enough. But the smart money sees value in the best stocks and will begin accumulating shares, bidding these stocks up. So, when the market hits bottom, some of these stocks will have already built bases and are back near highs. They get ready to break out and rush to new highs, leading the way once a new bull market begins. And these bases have certain characteristics that show up repeatedly in market cycle after market cycle If you asked 10 people about their strategy you will find one trader among each 10 people. 9 out of each 10 people become traders then end up losing money after few month, weeks or even days. The only person who keeps making money from the stock / Forex market is the smart trader and not the gambler . If you want to make money from the stock market then you must shift your mindset to become more of an trader / investor than a gambler. Gambler might make some profit on the short or even the medium term but sooner or later they end up with losses. Let's start our analysis; After the economic crisis in Turkey ( in Feb 2001 ) , USD / TRY parity was almost stable between 1.3 and 1.6 for 10 years!!! It was not the best investment decision at this time after taking the huge profit! It was 950% up from 1988 to 2002 ! The breaking point was when I decided to leave the country, I am not joking at all. Look at chart. :) One month after I left my hometown, It was a general election in Turkey. Turkey's 17th general election was held on 12 June 2011. Justice and Development Party re-elected with 49.8 % of the vote. And, TRY lost the game against Dollar again. So, How can you understand that it was the best time to buy as a long investor? The first thing I would say is always bet less than 5 percent of your money on any one idea. That way you can be wrong more than twenty times; it will take you a long time to lose your money. I would emphasize that the 5 percent applies to one idea. If you take a long position in two different related grain markets, that is still one idea. The next thing I would advise is to always use stops. I mean actually put them in, because that commits you to get out at a certain point. Pick the weekly chart and look at the chart carefully. 1 ) The 10 years resistance level is broken 2 ) Volume was getting increasing 3 ) MA 50 passed MA 100 4 ) The candle was above the uptrend-line 5 ) The candle was above MA 100 Since May 2011, The candle was always above MA 100. The last time the candle touched MA 100 was in Feb 2013. OK, got it. So, When is the best time to convert TRY to USD for a long time? Be specific. 1 ) When the candle touch MA 100 ( Last time was 6 years ago ) 2 ) When the candle touch MA 50 ( It touched at least once last 17 years, except 2 years - 2015 and 2018 ) More specific? 6.54 and 5.52 will be the next best areas if it drops. If not? Watch out MA 50. Since Nov 2018, The candle was first time above MA 20 , It is a bullish setup for Dollar. Sorry for TRY! USD is super strong as long as it is above MA 20. Today it’s not enough for you to just work and earn a salary. To do the things you want to do, go the places you want to go, and have the things you want to have in your life, you absolutely must save and invest intelligently. The income from your investments and the net gains you can make will let your each your goals and provide real security. No one can hold you back but yourself. What is the USD to TRY exchange rate today? The USD/TRY Forex rate is 6.8 today. Will Dollar to Turkish Lira exchange rate grow / rise / go up? Yes. The USD/TRY exchange rate can go up from 6.8 to 10TL in 2022. Is it profitable to invest in USD/TRY Forex pair? Yes. The long-term earning potential is +18% in one year. Argentine peso JUST HIT the ATL again vs USD dollar THIS WEEK. Last 20 years, Their historical graphics have been identical. Don't surprise if USD / TRY hit 10TL ( The previous all-time high was around 7.24 on August 13, 2018 ) To be successful you always have to be one step ahead of everyone else. **You are an investor / trader, not someone who can predict the future. Base your decisions on real facts and analysis rather than risky, speculative forecasts. ***Nothing shared or published by me constitutes an investment recommendation, nor should any data or content provided by me be relied upon for any investment activities. I strongly recommends that you perform your own independent research and/or speak with a qualified investment professional before making any financial decisions.This is not trading advice, and should be used for educational purposes. Do not invest what you cannot afford to lose.
by EngineeringRobo
1
#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
#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..
Long
by OguzhanSengor