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USD/TRY_TOD - USD/TRY

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USDTRY_TOD trade ideas

USDTRY-NEUTRAL to upsideThe weekly chart is of stagnant, and we are kind of used to that by now. The question is, where do we go from here in such a quiet market. Looking at the cloud, we are far above it and this gap requires to be filled over time. The SMA strength Indicator is trying to break above the 9-MA period, and I feel this signals a sharp up move. My preferred scenario is medium- to long-term SELL and since I expect higher levels I would add to existing shorts that we may have around 14.50-14.75 and add more 15.50-16.50 range. The log-term objective is still 10.50-9.00. So overal I would be positioned short.
by peterbokma
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 =)
Long
by Symbio_X
10
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
by peterbokma
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.
Short
by peterbokma
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.
by peterbokma
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.
Short
by peterbokma
2