USDTRYShort review and modification of the usdtry chart, the main cause of which is the geopolitical changes in the eastern region, which is likely to increase from now on.For this analysis, I consider three targets from 3% to 10%
About U.S. Dollar / Turkish Lira
The US Dollar vs. the new Turkish Lira. A new version of the Turkish Lira was established in 2005 after the value of the old Lira fell to drastically low levels. The Turkish economy relies on the foreign cash looking for short term profits making the Lira subject to severe depreciation. Political conditions and EU economic issues have delayed Turkey's effort to join the Euro-Zone.
When Do Breaking ATMs Signal More Than Just Technical Failure?In a fascinating twist of economic irony, Turkey's banking system faces a crisis not from a shortage of money, but from an overwhelming abundance of near-worthless banknotes. This peculiar situation, where ATMs physically break down from dispensing too many low-value bills, serves as a powerful meta
USDTRY Short review and modification of the usdtry chart, the main cause of which is the geopolitical changes in the eastern region, which is likely to increase from now on.For this analysis, I consider three targets from 3% to 10%
USDTRY Approaching the top of the Channel Up.The USDTRY pair has been trading within a 6-month Channel Up and the price is now very close to the pattern's top (Higher Highs trend-line). Technically this is were a rejection should take place to reset the market at the pattern's bottom (Higher Lows trend-line), below the 1D MA50 (blue trend-line
Shift in Carry Trades: Hedge Funds Embrace USDTRYA Shift in Carry Trades: Hedge Funds Embrace the US Dollar
The once-dominant Japanese yen has historically been the preferred currency for carry trade strategies, where investors borrow low-interest-rate currencies to invest in higher-yielding ones. However, a significant shift is underway, as hedg
Collecting Rollover while the TRY RangesThe CBRT has raised rates from 8.5% in June 2023 to currently standing at 50%. There was a recent CBRT meeting where rates where held at 50%. There has been a roll coaster for inflation YoY which was below 20% in 2020, rose as high as 36% in 2021, pushed up to 85.50% in 2022, dropped in 2023 to ar
The Turkish Lira makes a comeback from hereWith the dollar devaluation ahead and Turkish policies shifting towards Austerity we may witness a 200% rally for the lira against the dollar or else FX:USDTRY back to 10
USDTRY Inflationary uptrend still intact but buy on the right leThe USDTRY pair has almost doubled since our last buy signal (October 27 2022, see chart below):
This pair remains one of the most efficient long-term trades long-term as its inflationary uptrend remains intact. We won't turn buyers again however before a 1W MA50 (blue trend-line) test or a neu
Trading Signal for USDTRYDirection: Sell
Enter Price: 32.54959
Take Profit: 31.996
Stop Loss: 32.55033
Justification for Forecast:
This trading signal has been generated using the EASY Quantum Ai strategy, which combines multiple technical indicators and market analysis to predict currency movements. The
Welcome to another debt crisis in economic history 8!It's been a while since I tracked the #usdtry pair. For comparison, you can find my past reviews below.
Concerns over
- high inflation rate
- low interest rates compared to the sidereal inflation rate (enag)
- high levels of debt
- external financing needs
- geopolitical tensions
- high-level gov.
See all ideas
Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
The current rate of USDTRY is 34.37922 TRY — it has increased by 0.14% in the past 24 hours. See more of USDTRY rate dynamics on the detailed chart.
The value of the USDTRY pair is quoted as 1 USD per x TRY. For example, if the pair is trading at 1.50, it means it takes 1.5 TRY to buy 1 USD.
The term volatility describes the risk related to the changes in an asset's value. USDTRY has the volatility rating of 0.20%. Track all currencies' changes with our live Forex Heatmap and prepare for markets volatility.
The USDTRY showed a 0.11% rise over the past week, the month change is a 0.61% rise, and over the last year it has increased by 20.65%. Track live rate changes on the USDTRY 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 USDTRY 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 USDTRY technical analysis. The technical rating for the pair is strong buy today, but don't forget that markets can be very unstable, so don't stop here. According to our 1 week rating the USDTRY shows the buy signal, and 1 month rating is buy. See more of USDTRY technicals for a more comprehensive analysis.