USD/TRY Short Term Cup and Handle Patternit`s a short term chart pattern about usd/try.
TRY keeps continue to loose it`s value.
USDTRY trade ideas
USDTRY!A sell structure, symbolising more shorts coming.
A flat pattern, that has extended.
Trade with care use a stop loss.
USDTRY 4H (uptrend at the triangle)Us Dollar vs Turkish-lira, i expect will continue their upward after testing to down
——
Upward above 9.49
Target.: 9.61 & 9.70 & 9.83
Sl.:
USDTRY - SELL medium-term strategyUSDTRY is an interesting currency pair. It had a long run upwards and for good investor reasons.
The thing is, it can really be a profitable SELL when it has reached a maximum overbought situation.
My personal view, is the current very overbought RSI, and the move above the BB TOP, provides a strong basis for being short at the current level of 9.6200. The top of the channel is 9.9300, and profit objective is around 8.6700. This would create 10% return on the short position and think this is not a bad strategy to be, plus the positive carry.
Stop-loss 9.9700 and re-enter 10.1200.
USDTRY- 28Oct2021USDTRY- 28Oct2021
On the H4 timeframe, price is consolidating above 1st Support, we could expect a push towards 1st Resistance at 9.58550 before a drop back to 1st Support at 9.44230.
This is for personal record purposes only, not financial advise or solicitation of trade.
USDTRY 4H ( uptrend) above the channel The direction of USDTRY it will try to stable above the resistance level to continue their upward trend .
Upward above 9.47
Target.: 9.54 & 9.61 & 9.70
Sl.:
USD / TRY Long Setup (3-7 days)Taking the deteriorating political and economical climate in Turkey into consideration together with strong DXY, first I expect a small pullback for a retest and a strong invalidation for downtrend and beginning of highly anticipated bullish rally. A resultant median of two scenarios is also highly possible. Not financial advice. DYOR & trade responsibly.
USDTRY- 27Oct2021USDTRY- 27Oct2021
On the H4 timeframe, price is bouncing above yesterday resistance. We could expect it to continue its bounce towards strong 1st Resistance at 9.58550 and pull back from that level.
This is for personal record purposes only, not financial advise or solicitation of trade.
USDTRY- 26Oct2021USDTRY- 26Oct2021
Weekly timeframe is extended and we could expect it to pull back this week. On Daily timeframe, price is at support where we could expect a short-term bounce.
On the H4 timeframe, price is at interim strong support. We could expect a short-term bounce to 1st Resistance at 9.52150 before pullback further down to 1st Support at 9.3340.
This is for personal record purposes only, not financial advise or solicitation of trade.
USD/TRY wave analysisUlaşabileceği en yüksek fib seviyesine ulaştı. En yüksek fib seviyesinden kastım, bu hesaplama (8.65 seviyesinden reversal) , wickleri dahil ederek ve standart olarak hesaplanması gereken swing low yerine bu swing low'dan bir önceki swing low (ara düzeltmenin swing low seviyesi) kullanılarak yapılan fib hesaplamasının sonucudur.
TRY çok olumsuz haberlere rağmen bu seviyede takılmasının sebebi bu fib seviyesidir..
9.90+ seviyesi psikolojik bir direnç olduğu için buradan bu seviyeyi test edip oradan geri dönüş yapması mümkün ama bu bence marketin yapısına aykırı olacaktır.
Kırmızı ile işaretlediğim 8.40-8.90 seviyesine düzeltme bekliyorum.
7.80-8.10 seviyelerine kadar geri çekilme mümkündür, buralar geri çekilip tepki alacağı son fib seviyeleri.
Short as soon as possible - Weird Short as soon as possible - Weird but good for Turkish Economy. Thank God for these kinda signals
USDTRY Forecast Analysis after the ambasaddor crisis.The easing of the dollar-tl parity after the ambassador crisis seems to test the post-interest level. Falling prices can see buyers at all levels. the demand for dollars has been possible at all levels until now. As Turks, our hope is of course a strong TL, but our belief will be stronger if the decision mechanism does not act against the science of economics. A strong Turkey goal can only be achieved by fulfilling the requirements of economics. FX:USDTRY
USDTRY 1D Technical view on the market, which isn't an invitation to buy or sell, But only for learning purposes and sharing my thoughts.
Attention :
Always use a proper risk management in trading.
Be safe and trade responsibly
13.60 or 6.56 which is possible Turkey's central bank's interest rate cut managed to raise the dollar parity to an all-time high
Next November is the time for the Turkish state to pay its foreign debts.
Even if the central bank keeps the interest rates constant until the end of the year, it is possible for the exchange rate level to reach 13.60 due to the payments to be made in November.
USDTRY ATH?Hey there As you know "if you follow" you know my usdtry analysis :) I dont have enough time for share analysis but I want to update abstract ıTS FİB 0.786 ZONE So its mean we can see retracement here dont panic and just take profit step by step
Previosly analysis.
Lets Explained :) what we did do what is my previosly analysis about this
On the way to above 20Next week USDTRY should break above 10, followed by a brief correction. The transition from 10 to 20 can take less than a month (the Russian Ruble crashed from 6.40 to 20.6 in three weeks in 1998).
A crash of Lira is detrimental for EU banks: Deutsche Bank will go full kaput and the Euro will crash to 0.88 at the same time.
lir / USD dollarjust an analayze.
in the medium Term,the lira appears to continue to depreciate against the Us Dollar.
USDTRY LONGHello fellow traders, if you like the idea, do not forget to support with a like and follow.
DISCLAIMER
________________
Forex trading and trading in other leveraged products involve a significant level of risk and are not suitable for all investors.
THIS IS NOT IN ANYWAY AN INVESTMENT ADVICE! DO YOUR OWN RESEARCH BEFORE TAKING ANY TRADE.
💡Don't miss the great buy opportunity in USDTRYTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (9.5217).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. USDTRY is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 69.
Take Profits:
TP1= @ 9.6500
TP2= @ 9.7000
TP3= @ 9.8000
TP4= @ 9.9000
TP5= @ 10.0000
SL= Break below S2
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. . . . . . . . Hit the 👍 LIKE button,
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💡Don't miss the great buy opportunity in USDTRYTrading suggestion:
". There is a possibility of temporary retracement to the suggested support line (9.52172).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."
Technical analysis:
. USDTRY is in an uptrend, and the continuation of the uptrend is expected.
. The price is above the 21-Day WEMA, which acts as a dynamic support.
. The RSI is at 69.
Take Profits:
TP1= @ 9.6500
TP2= @ 9.7000
TP3= @ 9.8000
TP4= @ 9.9000
TP5= @ 10.0000
SL= Break below S2
❤️ If you find this helpful and want more FREE forecasts in TradingView
. . . . . Please show your support back,
. . . . . . . . Hit the 👍 LIKE button,
. . . . . . . . . . Drop some feedback below in the comment!
❤️ Your support is very much 🙏 appreciated! ❤️
💎 Want us to help you become a better Forex / Crypto trader ?
Now, It's your turn !
Be sure to leave a comment; let us know how you see this opportunity and forecast.
Trade well, ❤️
ForecastCity English Support Team ❤️
USDTRY Crab Formation: Decision Maker's fault. After the Central Bank of Turkey reduced the policy rate from 18 percent to 16 percent, #USDTRY are reaching D leg of crab formation. Politicians are not still showing any support to TL. Therefore 2nd target level 11,25 is not far away.
Interest is high right now. It's not gonna be high forever.Just check the interest rate history. It's increased every time TRY goes too low and decreased every time it's high enough.
