USDTRY still bullishWe expect more upside before any significant pullback. Our target is 1 fib extension. RSI remains strong and the price is about to break the previous all time high. Once the price enters discovery mode, it should pump fast. Don´t try to short it or you will get REKT.Longby vf_investmentUpdated 10
Quick one: USDTRY might be about to go boomForex market have started getting very volatile (after years of making us fall asleep), following the west heavily increasing their interest rates + the war against Russia. The risk reward could be very good, the price can easily rally strongly. It looks like it could be about to burst. Even 15% odds of that happening are worth it to me. The USDTRY fundamentals have changed: - now it is as bad as before for the Lira - but now the USD has interest to make it even more attractive compared to that dead currency Makes sense to me it will continue to go up like it has been doing for years in a straight line as it now has even more reasons to go up. Do not hold too long, the high lira rate hurts after a while; but not as much as it used to as it has been going down (from 20 to 10% in the past 12 months) and the USD rate has been going up. Would really surprise me if the exchange rate between these two did not continue on its way up before very long. But you never know in this game...Longby MrRenev229
USDTYR Big Short is coming In terms of the wave analysis, it seems that we have reached the peak and completed a full cycle that started a decade ago, and we are standing on the resistance of the blue channel, and at the level of 2.618 Fibonacci, we do not want to exceed that level, and most likely we will bounce back to the target of 1.618 Fibonacci , to get the corrective wave A, first, and then continue to the second targetShortby TheOrcaWhale6611
USDTRY Best time to buy long-term is nowThe USDTRY pair has been rising steadily since the December 2021 drop. The RSI on the 1W time-frame has formed a pattern that since 2013 at least, paved the way to very aggressive pumps. Technically the next wave is about to start and shouldn't retrace before it hits the RSI's Higher Highs trend-line. Based on the pair's Higher Highs trend-line, the next top can be around $25.00. As a long-term investor, there isn't a much better level to buy USDTRY than now. ------------------------------------------------------------------------------- ** Please LIKE 👍, SUBSCRIBE ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support me, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- You may also TELL ME 🙋♀️🙋♂️ in the comments section which symbol you want me to analyze next and on which time-frame. The one with the most posts will be published tomorrow! 👏🎁 ------------------------------------------------------------------------------- 👇 👇 👇 👇 👇 👇 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇Longby TradingShot2216
I think we're done nowWith Turkey's entry into the Shanghai Cooperation Organization and the policies implemented in the country, trade movements, etc. I expect the price to go down in the long term with the interventions to be made on the exchange rate in the range that I have indicated with the red line. New government elections will be held next year, and in order to secure the current government seat, the fall of the dollar in Turkey will be beneficial for them. It is not investment advice.by yasindemirhan97Updated 161616
USD/TRY We are here interesting pointHey guys, if you guys check my profile from below link, www.tradingview.com You guys see I have a lot usdtry analysis and my analysis success rate is 90% on this pair because I live in turkey and I feel every single situation when our turkish lira lose value let me give example. So right now our president want to lower interest rates but technic analysis say if we close up weekly 16.89 level dollar is begin new rally to upside carefully all this area is so imporant just watch to price actions and we decide what we do stay tune.by emrelgUpdated 9910
USDTRY - Did Turkey's Central Bank do this? I have really never seen this before so maybe you guys can shed some light on it. The price made a sudden dip to the 16.5 level and then went right back up to the median price. When i zoomed the chart out i could see that it dipped right to a key support area so could Turkey's central back have done this? As you all may know, the Turkish Lira has shot up due to Turkey's sky high inflation of 88%. The president (who actually controls the central bank directly) is adamant about lowering interest rates even more, even while his country is experiencing rocket high inflation. by JasonLeighton225
USD Would be 20 Liras in Next MonthsAlthough the chart has too many bullish daily candles, the upward angle and trend confidence shows me the trend is your friend. So I expect a new record high and a breakout of December's high of 18.25 . The target is 20 in the next two months . On the macro side, the imbalances remain. Turkey has the highest negative real interest rate (minus 64%) * among countries targeting inflation worldwide. Turkish inflation continues to grow, and the negative difference would grow. As a conclustion country's economic agents would continue to get rid of the lira. The Turkish central bank can't achieve its 5% inflation target for more than a decade. With Erdogan in power, it would never happen. Yearly current accounts have been negative for the last 20 years, with one exception in the 2020 Covid year. In 2022 Turkey continues to register the current account deficit thanks to the high energy prices of imported goods and perpetual high inflation. Without a sound monetary policy, the Turkish lira could be permanently devalued to new historic lows every year or two. * I compare last month's inflation with today's central bank policy rate. It is not 100% correct in the macroeconomic sense. They compare the expected inflation rate at the end of the year with the policy rate. Still, all forecasts are sloppy and usually are not on target, so I deliberately use the statistics.Longby Nikita_KalininUpdated 9
TRY's collapse will extend far beyond what people expectWe are dealing with an overextended wave 5 here. The targets lie between 36 and 45. The Turkish Lira will collapse.Longby AndyM5513
-90% in under a decade for the Turkish Lira against the DollarThe weak support in the lower half of the parabolic trend throughout 2022 compared to before points to this being far from overby markusrafferty220
changed program try lira diving to hllbad news for turkey lira start skydiving sell lira buy us Longby sytrd193
i thing Turkish Lira can get back some of price dropwhat do you think ? I would be happy to know your opinion, leave a commentShortby sytrd19334
USDTRY (Uptrend zone )highest bpricethe price broken the highest price was 18.249 so now is above it, will try to stay in the bullish zone and will go up gradually even if the price is above 18.25 and if breaks 18.19 then the price will try to retest then will go up again = USDTRY tendency upward Entry: above 18.22 TP: 18.34 & 18.50 & 18.85 sl.: 18.01 risk 2.0%Longby SroshMayi12
We changing 50-80% soonTRY changes from RED to MAGENTA CHANNEL! I expect a hard pump up tp 10-12TL good luck...by hypercraftUpdated 6
USD/TRYTendency upward. Now will try to break the 18.25 is the highest of the this pair and if break strong ressistance then will start a newstrong bullish trend. 20 21 are on desk in long term. *Please share your opinion on it, write in the comments. Dont forget some cheers bravo. " Teşekkürler. Longby Bitcim116
USDTRY 4h (Now we are on the highest price of USDTRY)now will try to break the 18.24 is the highest of the USDTRY and above it by stabilizing the daily chart then the direction will start a new bullish trend USDTRY tendency upward Entry: above 18.12 TP: 18.24 & 18.50 & 18.85 sl.: 17.950 risk 2.0%by SroshMayi9
USDTRY 4H (near to the highest price...) now will try to break the 18.24 is the highest of the USDTRY and above it by stabilizing the daily chart then the direction will start a new bullish trend USDTRY tendency upward Entry: above 18.12 TP: 18.24 & 18.50 & 18.85 sl.: 17.950 risk 2.0%Longby SroshMayi3310
Does this chart look normal to you?!If you look closely at the price action of the Turkish Lira, it simply looks weird. I know that is not particularly technical language but it looks like obvious central bank suppression. The TRY is just about to hit the recent low point against the USD.by MrAndroid0
USD/TRYUSD/TRY I see Divergence in RSI daily time frames....and there is rising wedge there...so I think it should go to 17-16 maybe....please send your comments to me...thanksShortby bbehrad225
USD/TRY Strong Support and Choppy Bullish Price ActionUSD/TRY broke the resistance of 17.97 and the area above it(green) which was previous resistance for a while. After the rate cut of the Turkish Central Bank, Turkish Lira lost value and USD/TRY index broke the psychological resistance of 18.00 I think we will see more choppy bullish price action because the RSI is overbough and MACD is decreasing in the 4H chart.by AttilaTurkei2
Turkish Lira at supportThe Turkish Lira has been in a long term devaluation against the US dollar for quite a few years and it looks as if there will now be re-test of the lowest point of support on this chart. Inflation in Turkey is at 80% and the news came through yesterday that the government has just cut interest rates from 14% to 13%.by MrAndroid111
maalesef ki dolar çok tehlikeligeliyor gelmekte olan :// çok üzüyor bu durum ama yapacak bir şey yokLongby euyantr3
💡Don't miss the great buy opportunity in USDTRYTrading suggestion: ". There is a possibility of temporary retracement to the suggested support line (17.9722). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . USDTRY is in a range bound, and the beginning of an uptrend is expected. . The price is above the 21-Day WEMA, which acts as a dynamic support. . The RSI is at 66. Take Profits: TP1= @ 18.5000 TP2= @ 19.0000 TP3= @ 19.5000 TP4= @ 20.0000 TP5= @ 20.5000 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 ❤️Longby ForecastCity_World101014