USDTRY-NEUTRALStill a no-mans land.
Focus on long-term strategy and be SHORT $ 14.50-15.00 and add SELL @ 15.50-16.50. The overall objective is somewhere 10.50-9.00 for now.
USDTRY_TOD trade ideas
USDTRY Long SetupHello, Lira recently recovered from the drop and at some point next year we should test this Green Curve again. (See Context below)
Thats where i will Long USDTRY . I have not really a clue when this will happen tho.
Current buy zone would be 8,95-9,2 (White Zone). This would be the buy zone if it touches the green curve soon but i doubt it and expect some weeks sideway from here.
But just in case we see a really fast test it could be worth having orders there currently.
I expect USDTRY to go sideway above my Curve in 2022 before propably going bearish again in 2023+
DYOR and please leave a like =)
USDTRY-NEUTRAL to down sideIt is little confusing as well.
I feel upside possible purely because no direction to down side for short-term. For medium-term am happy seller, and would add 15.50-16.50 again. The stochastic is trying to turn negative as a note, but since no follow through anywhere, its neutral situation and just wait for changes to the direction for now.
Long-term am seeing 10.50-900 still.
USDTRY 4H (it looks to up) RED ZONE ( 14.80 - 14.85)
~Above the zone will be upward
~Under the zone will be downtrend
USDTRY-NEUTRAL to upsideNo change of views for last few weeks.
It is a quiet currecy pair for now, and it has received support from the strength in RUB, which was unexpected. I believed maximum 100 correction but now its even pre-war area... strange indeed.
The crisis is far from over and financially RUB should be affected, and this will drag currencies like TRY and PLN etc. So fow now seeing move higher short-term to 15.50-16.50 before the major correction will set in, which is expected to be somewhere 10.50-9.00
USDTRY-NEUTRAL to upside No change of view for weeks now.
It remains locked in same as it has done before in the 13.50-14.00 range. The downside is protected short-term below 14.00 and upside is possible 15.50-16.50. From long-term perspective would have some short at current level 14.75 and add 15.50-16.50 for a move to 10.50 - 9.00.
USDTRY-SELL LTNo change in view and approach.
It is possible we may see higher levels short-term 15.50-16.50 and we will add to our long-term short position, if we have done so.
The overbought state suggest that we may see 10.50 - 9.00 in coming week/months. It requires patience and a strong view for this strategy.
USDTRY- 06Apr2022USDTRY- 06Apr2022
On the H4, price is still consolidating sideways trying to bounce above 20EMA and 50MA. Price action is mixed for today and we need to wait and see whether it can bounce above 1st Resistance at 14.88.
This is for personal record purposes only, not financial advise or solicitation of trade.
USDTRY- BUY strategyIt feels as if we will move sharply higher coming weeks. Oil is still very steep and situation still same and resolving with the ongoing war. Financial markets are kind of used to it, but the costs of it will be high Russia and even though it corrected, this will not last long. The RUB will weaken and this will drag other currencies around the area as well.
For now I feel we can have a BUY strategy but small as cost of carry is high. For medium-term strategy I prefer wait and see higher levels to SELL @ 115.50-16.50 for a move back to 10.50 - 9.00.
USDTRY-NEUTRAL with upside potentialIt is still my preference to sell in rally.
The chart looks as if we will see a move higher towards 15.50-16.50 again, even though we are slightly overbought short-term.
The expected levels are good for medium-term sell and I still feel we may see 10.50 - 9.00 when we have reached the higher levels at first,
USDTRY-NEUTRAL to down sideNo change in view, and this is a daily comment :)
I prefer to look at the medium-term picture, and this suggest we should be selling in a rally.
The pair is good value for SELL @ 15.50-16.50 for the move back towards 10.50 - 9.00.
I would prefer to be some SHORT likely between 14.25-14.90. the daily pickup is good. Of course maintain very low leverage to weather any storm. Sometimes people blame me for their sorrows on trading, whilst they had overtraded. I am always careful in managing that part and so should you.
USDTRY- LT SELL strategy No change in view.
Daily or weekly chart does not give much direction, and judging other weak currencies, we have witnessed a strength last few days/week. this will add to likely TRY strength as well.
From a medium-term to long-term perspective we should see a move back towards 9.91 FIB , but personal think first 10.50 before lower and we may expect a correction from that level at first. It is not going to be a one way traffic.
The strategy is, BE ALREADY SHORT and ADD @ 15.25-15.75 and again above 16.50-16.75.
USDTRY-NEUTRAL to down sideWe are grinding lower, and we should be seeing 14.05-14.10 again.
The medium-term picture is more the focus, and the strategy should be SELL @ 15.50-16.50 for a move to 10.50-9.00.
USDTRY 4Hthe price now at the sensitive zone if break to down will be down and also if break to up will try to get upward
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RED ZONE ( 14.80 - 14.85)
~Above the zone will be upward
~Under the zone will be downtrend
USDTRY-NEUTRALThe market does not move and this means we have no short-term view.
However, strategic speaking we should be in SELL mode and for medium-term players SELL between 15.50-16.50 for a move lower to 10.50-9.00.
USDTRY-NEUTRAL to some upsideNo matter what day, we remain the same levels :)
anyway...I prefer short strategy still but am suspecting we may see higher levels as well... which would be good to add to shorts when seen. I prefer to SELL @ 15.50-16.50 for a move towards 10.50 - 9.00.
USDTRY- 28Mar2022USDTRY- 28Mar2022
Price action for USDTRY last week was pretty much just sideway consolidation.
On the H4, price is retesting the 61.8% Fib resistance at 14.80. With the overall strength in USD, we could expect price to bounce higher to 78.6% Fib at 14.88. If it can close above, the next resistance will be at 15.08, in-line with daily resistance.
This is for personal record purposes only, not financial advise or solicitation of trade.
USDTRY-SELL strategyDaily no change in view.
The long-term chart is still very overbought and this suggest overall we should move towards 10.50-9.00. Short-term is is slightly overbought, but I suspect we may see 15.50-16.00 before downwards again.
For now, remain short (very low leverage) and add on any increase towards 15.50-16.50 area.
USDTRY- 24Mar2022USDTRY- 24Mar2022
On the H4, price is retesting the 61.8% Fib resistance at 14.80. Once price can close back above 78.6% Fib at 14.88, we could expect price to bounce higher to 1st Resistance at 15.08, in-line with daily resistance.
This is for personal record purposes only, not financial advise or solicitation of trade.
USDTRY-SELL -I feel we may see lower again short-term. I will not commit at the current levels, but SELL @ 15.25 > 16.00 feels more better for now.
The reason is a quiet grinding market condition should not rush us into commitment for now. The profit order would place @ 14.07 for now if we get short. Long-term SELL is fine and ADD 15.50-16.50 for profit objective 10.50-9.00.
USD TRYUSDTRY Forecast for 2022. We believe that USD TRY will be entering a correcive phase in 2022, after which the parabolic move seems to continue.
USDTRY-SELL strategyNo change in view.
The pair has not had much movement for almost one week now, and it seems each time it remains at a particular level, which shows there are forces at bay keeping it controlled.
The over all view is still SELL @ 15.50-16.50 to add to shorts or creating a new short position. It is expected that medium- to long-term we are seeing 10.50 - 9.00 corrective action. This is based on the monthly chart showing extreme overbought conditions.
USDTRY-SELL LTI am still of the view to be SHORT for long term strategy. The short-term is cloudy but feel we may see higher levels first before down. It is possible to see 14.00 - 14.10 before we will see 15.50-16.50. The long term view is 10.50 - 9.00.
