SUPPORT AND RESISTANCE From the analysis we can see a short bear power coming we are taking a short position to confirm the downward movement and the change of positioning of the British and the Turkish lira you can find the head and shoulders pattern
GBP/TRY Trading Signal AlertWe have identified a promising trading opportunity for the GBP/TRY currency pair using our advanced EASY Quantum AI strategy. Below are the specifics for the trade setup:
Direction: Buy
Enter Price: 44.63123
Take Profit: 45.15472
Stop Loss: 43.67305
Rationale:
1. Trend Analysis
GBPTRY - Great Holiday Time :)Starting September 2nd I'll be on holiday in Turkey for 2 weeks.
I've managed to time this holiday pretty perfect, looking at the charts we can see it's been in a steep UP TREND since 2nd of July, although it could be argued it happened after the RANGE BREAKOUT in May.
GBP is now extremely strong
GBPTRY LongTechnical Analysis
Trend Bullish
Weekly Long
Daily Long
10H Long
4H Long
2 H Long
30min. LONG
Gold Bullish
Strategy Bullish
My Trading Conditions and my Rules(This are the Rules I follow,and they are no financial adivice for others)
Trade Consditions Higher Highs Higher Lows
Trade Rules: Taking
GBPTRY LongTechnical Analysis
Trend Bullish
Weekly Long
Daily Long
10H Long
4H Long
2 H Long
30min. LONG
Gold Bullish
Strategy Bullish
My Trading Conditions and my Rules(This are the Rules I follow,and they are no financial adivice for others)
Trade Consditions Higher Highs Higher Lows
Trade Rules: Taking
GBPTRY BULLISH Rises further after Turkish inflation dataTurkish lira fell to new marginally lower record low in early Wednesday, as Turkish June inflation data sparked fresh weakness of the currency.
Monthly inflation rose by 3.9% in June, below 4.8% consensus and annualized figure was also below expectations (38.2% in June vs 39.4% f/c), while consumer
GBPTRY LongStrategy Bullish
Higher Highs Higher Lows
Retracement (13%)
Price above Quartely VWAP
Price above Decade VWAP
Volatility Bullish
Maket Sentiment 92% Bullish
Yearly Trend Bullish
Quartely Trend Bullish
Monthly Bullish
Daily Bullish
4H Bullish
2H Bullish
1H Bullish
30 min. Bullish
Portfolio Strateg
GBP/TRYIt is not very convenient to predict Turkish Economy based on charts as there are many alter decisions that shapes out the power of Turkish Lira compared to other currencies but I found this channel on logarithmic chart which suggest 37-38 levels might work as a resistance.
Analysts from investment
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Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
The current rate of GBPTRY is 44.33003 TRY — it has increased by 0.17% in the past 24 hours. See more of GBPTRY rate dynamics on the detailed chart.
The value of the GBPTRY pair is quoted as 1 GBP per x TRY. For example, if the pair is trading at 1.50, it means it takes 1.5 TRY to buy 1 GBP.
The term volatility describes the risk related to the changes in an asset's value. GBPTRY has the volatility rating of 0.88%. Track all currencies' changes with our live Forex Heatmap and prepare for markets volatility.
The GBPTRY showed a −0.43% fall over the past week, the month change is a −2.45% fall, and over the last year it has increased by 28.60%. Track live rate changes on the GBPTRY chart.
Learn how you can make money on rate changes in numerous trading ideas created by our community.
Learn how you can make money on rate changes in numerous trading ideas created by our community.
Currencies are usually traded through forex brokers — choose the one that suits your needs and go ahead. You can trade GBPTRY right from TradingView charts — just log in to you broker account. Check out the list of our integrated brokers and find the best one for your needs and strategy.
When deciding to buy or sell currency one should keep in mind many factors including current geopolitical situation, interest rates, and other. But before plunging into a deep research, you can start with GBPTRY technical analysis. The technical rating for the pair is sell today, but don't forget that markets can be very unstable, so don't stop here. According to our 1 week rating the GBPTRY shows the buy signal, and 1 month rating is buy. See more of GBPTRY technicals for a more comprehensive analysis.