TRYUSD trade ideas
USDTRY is to retest the recent high againUSDTRY is retracting to middle 1D Bollinger Band 8,6000, which is a strong support. If it breaks, the price can move down to 8,5090 (4h ichimoku support).
If the price can stay over the ascending line from Apr 2021 (orange), we may see a retest of the recent high 8,7880.
Likes & valuable comments are welcome:)
USDTRY - Expecting a rise 🙌-Today’s softer than expected inflation figures will likely fuel concerns of policy easing, with the central bank given more room to lower interest rates.
-Taking a look at the chart, the path of least resistance is higher USD/TRY with volatility likely to pick up heading into both the July and August meetings. Naturally above the swing high of 8.7775, the focus will be on the psychological 9.000 handle.
USDTRY 4H (short downward)Usdtry can get the uper of the last highest, so now in the resistance line i think will get downward till 8.67 and 8.57
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Tendency:downward
Entry: 8.77
Tp.: 8.67 and 8.57
Sl.: stable into the upper channel
SELLING OPPORTUNITYThe USDTRY Pair Resistance at 8.71784. With no further upward momentum, this could be a perfect selling opportunity for traders to take sell trades.
USDTRY set to continue rise beyond 10!Since may 6th USD has shown weakness against most currencies and is now ready to push strong.
During this period TRY offered very little resistance making it look good to continue weakness in the face of
a strong push for USD! The question is not so much not if USD will strengthen but more which is the weakest currency to long it against imo!
USD/TRY-Uygun alım seviyelerini chartta belirttim. Dileyen üst sıraları değerlendirebilir.
*Please share your opinion on it, write in the comments.
Teşekkürler.
Usdtry 4h (buy above 8.46)USDTRY the price faild to stable under 8.46 and now will get the 8.61
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Tendency: upward
Entry: above 8.46
Tp.: 8.61
Sl.: stable under 8.46
USD/TRY there has to be a correctionHi everyone! As you could notice according to my last idea the price on USD/TRY pair reached exactly in the purpose then falling continued. And now the price overcame a trend line down. However, the price is near strong horizontal support and therefore I expect correction to a trend line on level 0.382 and 0.618 according to Fibonacci.
Purchase from the level of support specified on the chart.
TP1 = 8.41
TP2 = 8.54 (achievement of this purpose is not obligatory, but it is possible)
SL = 8.175
Information provided is only educational and should not be used to take action in the market.
possible buy or sell now we just wait for confirmations possible buy or sell now we just wait for confirmations
USDTRY-Lastik Formasyonu !Açıklama resimdedir.
YTD.
TR ekonomisi rayına oturana dek USDTRY long maalesef
USDTRY is in good supportThe last candle shows that price lie on a 20 EMA, horizontal level and trend reinforced support.
If it doesn't break this main support, should go to 8.32 then 8.41.
If there is a candle closed below these supports with a huge volume, it might go firstly to 8.15.
No momentum until the next rate decision on 17th JuneUSDTRY is highly sensitive to interest rate decisions as it has long been a discussion between the government and the central bank.
The next meeting will be held on 17th June, and we can expect a pullback to 8.00 in case of a rise in the interest rate. Otherwise the price is prone to test the upper border of the channel since 2018 (around 9.00).
Please like if you find this idea useful 👍 (●'◡'●)
USDTRY 4H ( important zone)If the price can break red slope line you should now will get 8.46 because it is a strong resistance, so into that triangle you should wait till getting stability in the one direction, stability above 8.46 will get 9.00 or if can stable under 8.46 will get 8.00
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