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U.S. Dollar / Turkish Lira

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USDTRY trade ideas

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...
Long
by MrRenev
2
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! 👏🎁 ------------------------------------------------------------------------------- 👇 👇 👇 👇 👇 👇 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇
Long
by TradingShot
2
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 yasindemirhan97
16
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 emrelg
9
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 JasonLeighton
2
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.
Long
by Nikita_Kalinin