$TRYusd- up only from here?looks like its a good time to viist turkey and invest your $$$ deviation imo recalim this and we gain some ground back for 2024 Longby CompoundingGain2
USDTRY-SELL strategy long-term Monthly chartThis is just informative, as it is clear the pair is heavily manipulated. However, it is interesting to see the FX forwards, having widened again since 8 days ago, and 42.5% rate setting central bank, does reflect the heavy cost of carry being short the pair. Obviously, this is to combat the weakening of the currency. I remember the French Franc overnight rate of 1,000% t0 combat weakness of the currency. Now where does this bring us. Technically we have a "falls bull flag" pattern, and we got extremely expensive cost of carry on the pair. One year outright is above 40.50, so its roughly 10 big figures per year cost of carry. so its obvious, for those in need to cover exports in Turkey, it is heaven. For speculators, if one can trade it (not advisable), correction may take some time. Technically we should see back somewhere 18.00, and carrying is beneficial. anyway, long time did not update as it is controlled and technical aspects do not work until such a time drastic measures are taken, i.e. interest rates of 1,000% may do the trick. Shortby peterbokma666
USDTRY: 6.8 | SHORT 5k Pips | LONG 38k Pipsbuilding a SHORT position for the SHAKEDOWN and BASE BUILDING towards 10.0 levels - #LongShort === Fundamentals: it takes 20years to settle debt or unfinished obligations by a company country and aliens... til then.. its currency be it fiat land or spirit is devalued as form of compensation in layman; a person heavily in debt lacks BARGAINING POWER over MAJOR folks - see Germany's recovery by senyorUpdated 1111
Update USDTRYThere is strong resistance between sellers and buyers of the Turkish currency, and the monthly candle that ended there is strong support for a further decline against the dollar, but there is an indication that the rise is nearing the end and will stop soon in the shaded area above, and I believe it will become an area of resistance and strong support for the Turkish currency against the dollar, and a major correction will begin from it. Please clarify that I am helping you with my point of view, which may be right or wrong, and see my previous analyzes of many currencies and forex in order to judge the owner of this analysis with a more accurate look Good luckLongby KhaldHegazyUpdated 116
USDTRY This red candle referred to by the arrow is a candle whose body is very small and does not have any volume. This means that it is a test candle for sellers and it succeeded. There are no sellers in this area. This means that the market maker will raise prices in the next two candles and start rising because he has ensured that there is nothing that hinders the rise in prices. After this successful testLongby KhaldHegazyUpdated 9911
#usdtry #dolartl will come the valuesThe dollar will be worth all these numbers, adjust your theory accordingly. Dolar her türlü bu sayılara değecek ona göre kuramınız ayarlayınLongby willcometovalues3
USD/TRY 1$ = 29 TL You can see my previous graph (above). There is no good development in Turkey so I think that the dollar will increase more. Under the rule of Recep Tayyip Erdogan Turkey has descended into a dictatorship. In order for Turkey's dollar rate to improve needs to be changed through elections. It also occurs when the incoming government takes democratic steps. - RTE factor (Anti democratic leader) - Kurdish (Syria) Problem and security problems - war funds - - Economic indicators - Graph indicator / Technic Analysis (StochRSI + MACD + Mov50 + TD )Longby keciUpdated 12124
Potential top of Turkish Lira Based on recent information, the chart shows a potential top of the loss of Turkish Lira value against the US Dollar. The chart on Daily timeframe is a classic WallStreetCheatSheetPsychologyofaMarketCycle Shortby Hyperwave_MauritiusUpdated 664
USD/TRY Short idea Well, Keeping it simple as always (or I try at least) Here's another one of my ideas. Long on the Turkish lira (another crazy idea of mine) First Target 18$ Second Target 13$ I just want to be as transparent as possible with you guys. Right or wrong this is another investment of mine. I see on the long term (1 year - 2 years ) a regain of field from the Turkish lira which has became trash during the last 2-3 years cause of the low interest rates and an inflation reaching the high part of the double digits. Now things seem to have changed (SEEM) we have the TCB boosting rates trying to slow down inflation. We know that once lost it's SO HARD to gain trust back, but in long time I see Turkish lira gain back. P.S. We have a strong dollar in the recent days so it might be volatile (synonym everyone uses to say temporary losses apparently ) for the short medium term. P.P.S. This is not a financial advice I publish for the sole purpose to have feedback (constructive at least) Peace out :)Shortby KrsnakeUpdated 2
The 10 years analysis for #USDTRY #TürkiyeBased on Gann analytical techniques, if #USDTRY concluded the month of November above the 28. This is indicative of a prospective upward movement, with anticipated milestones at 34 by March 2024, followed by 44, and a final target of 56. The projected timeline for achieving these targets spans from June 2025 to December 2026. Noteworthy is the technical analysis, which finds support in the prevailing inflation figures. Confident in the capabilities of the Central Bank, I anticipate a resolution to the TRY predicament within the next three years. This resolution is expected to catalyze a notable bullish trend in the currency.Longby Lawrence-Sherif3311
USDTRY , double in 1 year ?!Hi all, This is a parabolic curve from 2008 until now, Its working so nice and you see it. If this path continue then we can see more than 40 in next OCT (2024) Too bad for a country , i hope government find a way for this inflation else … (This is my idea and please trade on your own risk) Regardsby LeoTrder5
still going upDO NOT FORGET USING A STOP LOSS Warning: This is just a suggestion and we do not guarantee profits. We advise you analyze the chart before opening any position. I hope you are always profitableLongby Nima_aj223
What's next for the Turkish Lira?This is just an experimental analysis. NFA Target 1 : 14,0 - 15,0 Target 2 : 19,0 - 20,0 Targer 3: 24by MinimumWagerLvl1Updated 121217
USD-TRY , road to 30.4 ?!Hi , You can see usdtry road in 1M timeframe, if it continue then we can see 30-31 in next months and after that a correction may happen between 22-25 , But as i know and as i see turkyie situations in economy and politics and ofc ppls life, its not depended on technical, its all about fundamentals Anyway if we look to technical we can see 30-31 in next month/s ( its my personal idea and please trade on your own risk )by LeoTrder333
USD/TRYLira will potentialy loose value over time, as theyr money supply increased dramaticly over the last 6 months, but inflation went down. Something is offLongby Tether_Billionaire0
USD/TRY confusionEven if 1H and 4H graphics and indicators show the rise still on track, 1D graphic and indicators are signaling for around 6-7% fall and sell-off for me. I am overall keeping my position long with a small partition of selling. by waroneUpdated 2
Looking at USD/TRY following the huge rate rise last weekLast week, the Turkish central bank made a significant move by raising rates by 750 basis points. This caused a sharp downward movement in the US dollar relative to the Turkish lira. Since then, there has been a notable response, with the market showing a sharp rebound. During times of such volatile market reactions, it's valuable to examine Fibonacci retracements. These retracements help us predict potential new support and resistance levels in the market. Looking ahead, we can pinpoint key levels of support and resistance. The first is the 38.2% retracement, approximately at 26.00/25.98. The second notable level is the 78.6% retracement, approximately at 26.80. It's likely that the market will move within these boundaries as it absorbs and adapts to the unexpected rate increase. Disclaimer: The information posted on Trading View is for informative purposes and is not intended to constitute advice in any form, including but not limited to investment, accounting, tax, legal or regulatory advice. The information therefore has no regard to the specific investment objectives, financial situation or particular needs of any specific recipient. Opinions expressed are our current opinions as of the date appearing on Trading View only. All illustrations, forecasts or hypothetical data are for illustrative purposes only. The Society of Technical Analysts Ltd does not make representation that the information provided is appropriate for use in all jurisdictions or by all Investors or other potential Investors. Parties are therefore responsible for compliance with applicable local laws and regulations. The Society of Technical Analysts will not be held liable for any loss or damage resulting directly or indirectly from the use of any information on this site. Editors' picks02:39by The_STA44142
USD/TRY is to jump in 2023?For the last months, the Turkish lira has been traded near the all-time lows against USD. I think that demand for the lira would shift soon, and it would trigger a breakout of resistance of 18.7 with the first psychological price target of TRY 20 for 1 USD with consolidation near 25 in the second half of the year. In terms of technical analysis, I do not see any compelling things on the USD/TRY chart. Therefore, I decided to look at an exotic currency pair with TRY on one side. I have taken Hungarian forint or HUF. Comparing HUF with USD or EUR , we can say, it is a weak currency that has constantly lost its value for the last 20 years. However, against the weakest TRY, HUF is a king. On the TRY/HUF chart, I see an opportunity to breakout of support of HUF 18.4 for TRY until the end of the year. The first target could be 14 with the chance to drop to 10. Keeping in mind that HUF is a weak currency that is now in a temporary good shape against the world currencies, such a possible forint strengthening against the lira could happen only if the latter drop to the majors. If TRY/HUF is to be 14, and USDHUF is near its essential middle-term resistance of 380. It means USDTRY would be around 27,14. If TRY/HUF reaches 10, USDTRY would be 38. With a magical macroeconomic policy in Turkey, including jumping inflation , artificially low-interest rates in Turkey , and raising interest rates in USD, EUR, and Erdogan's elections in June (and budget spending increase), it doesn't seem impossible to me.Longby Nikita_KalininUpdated 10
Aftermath of interest rate hike of CBRT 🙃The question is... What have been changed in the Turkish economy? 🤔 1) Is the price of petrol will decrease in Turkey? The answer is; NO... 2) Is the price of electricity will decrease in Turkey? The answer is; NO... 3) Is the pricing in housing market will decrease in Turkey? The answer is; NO... 4) Is the pricing in automobile market will decrease in Turkey? The answer is; NO... 5) Is the pricing of other goods and services in the market will decrease in Turkey? The answer is; NO... So... Why usdtry is in the sharp fall? (Actually it's not in the sharp fall but they are presenting us as a sharp fall 😉) if this interest rate hike was real, all the prices in the market should started to decrease with respect to interest rate hike... We believe; it may be another form of fx manipulation... Longby Dr_Piyasa332
USDTRYThe decline of the Turkish lira to areas of 30 liras per US dollar in the medium term, and thus wave number three Elliott Wave will endby KhaldHegazyUpdated 888
Thing didn't improve for the Lira. I made some posts about the Lira back in 2022 but shortly after this all my major brokers went exit only liquidity on the Lira and since I could not trade it I stopped paying attention to it. Look what happened since then. This is wild. Still no liquidity on this. I'd actually take a pop at shorting this if there was. Anyway, just another fat tail TA test. No real position here, just curious to see if my rules would be effective or get rekt. Shortby holeyprofit440
USD/TRY: The Turkish Central Bank updates inflation expectationsThe dollar pair stabilized against the Turkish lira USD/TRY during today's trading, to trade the Turkish currency at its lowest level ever against the dollar. On the American front, the dollar rose against major currencies after the Federal Reserve's decision last week to raise interest rates, as the dollar received support after a limited decline. At the present time, investors are awaiting more economic data to try to explore the path of monetary policy that the Federal Reserve may follow during the coming period, especially after inflation began to slow down. Current expectations indicate that raising interest rates during the past month represents the peak of monetary tightening in the United States of America, as the Fed is expected to stabilize the interest rate for several months before shifting and applying a rate cut starting from the second quarter of next year.by Evar_Mayi6
USDTRYThe chart shows that the market is in sideways hence we place buy stop and sell stop in order to enter in the market whenever it transition into trending market by gharisbinqasim0