USDTRY 4H (Upward)Us dollar vs Turkish-lira,
Now it try to touch 12.69 again will try to upward.
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Tendency: upward
Entry: above 12.63
Target: 13.44 & 13.85 & 14.28
Sl.: under 12.35
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USDTRY trade ideas
USD/TRY -------> Continuing the previous analysisat first see previous USDTRY analysis
now according the chart , price probably coming up like this path.
be protifable.
USDTRY - cautious BUYThe USDTRY still has potential upwards, but we need to overcome 13.0800 for move towards 14.36. These are the re-tracement values.
In terms of GANN square, we may see higher even beyond 15.00. I would then become cautious once again for the reason that LONG_TERM chart has not as yet corrected sufficiently. For now, buy careful but place stop-loss below 12.00 (to give some room).
USDTRY- 03Jan2022USDTRY- 03Jan2022
On the weekly, price bounced from 20EMA last week.
On the H4 timeframe, price continued to grind higher. We could expect the price to continue higher to complete its H1 Inverse h&s with price target at 14.04.
This is for personal record purposes only, not financial advise or solicitation of trade.
The dollar will strengthen furtherBe careful. Government actions can not maintain the value of the lira. People are converting Lear to
USD/TRYTechnical Analysis does not work on TRY due to unstable currency exchange rates. Therefore, according to fundamental analysis, the TRY will reach the highest level again and break it.
2021- Most Likes (700+) on TRYWe like the Likes but sometimes they come where less expected.
Our post on the Turkish Lira volatility seemed to had hit the spot.
700+ Likes, over 40,000 views and hundreds of comments. Wow!
We hope to have even more Liked posts in 2022 (we know we will).
Thank you all and keep in touch.
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the FXPROFESSOR 🦉✍️
Turkish Lira/ Turkiye Lira in troubleThe USDTRY improved after a massive freefall when the Turkish president announced changes in monetary policies. We have however seen traders be more bullish for the USDTRY although many traders sold the currency pair earlier this month.
We have now seen multiple confirmation for a bullish run in 2022 with a breakout of the down trend on the H4 timeframe, a double bottom and we are now waiting to get one last confirmation (a breakout of the resistance cluster.
Once we have that breakout, we look to buy the USDTRY aggressively and take profit at 13USDTRY and will wait for a confirmation on either a bullish continuation, a pull back or a market reversal.
Please share your thoughts on this analysis, do you feel it will pullback or keep surging?
USDTRY 4h, Dec 23USDTRY next support is around 10 lira per USD
After that it will hit the old ascending channel
USDTRY 4H (upward)Us Dollar VS Turkish-lira, also upward, i think fir the new year next month will try to touch 15.00
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Tendency: upward
Entry: above 13.44
Target: 13.80 & 14.20 & 14.80
Sl.: under 13.10
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USDTRY on sell signal againShort term target 10.50
Long term 8.50
USDTRY is facing against strong resistance point.
At my point bullish run is over and bearish trend is active.
USDTRY- BUY strategyWe have moved above 10.50-11.00 and we broke through the FALSE BEAR FLAG channel upwards.
Looking at the GANN square, we are observing a break-out of the previous GANN angle and in a new square with support at 12.62.
The MA is positive, and the MACD is is moving slowly to positive (it always is lagging) and the DMI is positive USDTRY.
My feel is we go back 15-17 ranges, and who knows even above 18s.
The MONTHLY CHART we have to observe closely once we have reached a correction upwards. But for now remain long with stop below 12.00 and profit target 15-50-16.00.
USDTRY- 31Dec2021USDTRY- 30Dec2021
On the H4 timeframe, price closes above all 3 MAs. We could expect the price to continue higher to complete its H1 Inverse h&s with price target at 14.04.
This is for personal record purposes only, not financial advise or solicitation of trade.
USDTRYIt is currently in a short-term uptrend channel and is on the midline. On the other hand, it has entered its previous benefit channel and now it is at the bottom of the channel.
USDTRY wave analysisThis is the time to see whether the USDTRY pair remains in the channel. Especially considering it ticked at 11.25, which is a very significant fibo level within the grand super cycle.
If that's the case, we may expect it to test the 9.80 level for wave 4. This scenario is also based on the assumption that the political authority in Turkey still has some control over exchange rates and will want to maintain its political power and influence in the near future. This may be on the table as an option for the ruling party to disperse the dark clouds ahead of a snap election decision. In any case, it would be insufficient to evaluate such a currency fluctuation, which emerged under the influence of artificially inflamed debates, independently of the influence of political discourses.
Similar examples have been experienced recently and that the correction movements were also caused by non-economic developments. So it is important to place buy orders up to 11.50 with a cautious approach. To sum up, on the eve of an 8-year trend reversal, the next week's close will be critical to confirm that the indicators are placed above the trend channel with permanent and motive price movements.
PS: This is not an investment advice. Please do your own research before investing in currency markets. It is a high risk business.
USDTRY 4H (Upside)US doolar vs Turkish-lira again it can’t resist at there now all trying to get higher .
Tendency: upward
Entry: above 12.80
Target: 13.45 & 13.80 & 14.20
Sl.: under 12.60
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USDTRY - my plan here is thisWe had a stormy day here. Sudden rise and then fall. We will probably stabilize somewhere at level 13.
That's why I'm opening a BUY position here. Saints should normally be monitored on a daily basis to close the position if certain changes occur.
