U.S. Dollar / Turkish Lira 30M 16th December, 2021 The 30 Minutes Chart with rising channel, we wait and see if the pair manage to break the upper trend line. Rejection and sustain trading below the line may see a correction first down to 14.3 area.
A Possible wave count on $/TL 2H chart. The trend as shown may target 16.
50% gains in a month - bullish! Tough times ahead for the Lira.
US dollar vs Turkish-Lira , again and again upward. —- Upward Above 14.11 Tp.: 14.62 & 14.95 & 15.45 Sl.: 13.75
A long Term uptrend daily channel may control the trend.
The chart pretty much explains itself. If the Turkish Central Bank can't interfere at the right time and place, we'll be seeing the Turkish Lira losing even more value and USD becoming equal to 8.70 Turkish Liras in December. Then we might see a retraction just like Bitcoin as the parabolic growth becomes unsustainable.
just an analayze. my opinion is still the same as before. price correction will be temporary. the lira will depreciate further in near future.
Back on March 31 of this year I posted this charts below. Unfortunately I had tried to demonstrate the imamate collapse of the TRY and posted the chart of TRYUSD instead of posting the correct ticker USDTRY. As such I marked long TRYUSD instead of Long USDTRY. None the less the comments do not signal bullish for the TRY. it has lost 40% of its value in just days...
Unfortunately, significant resistance has been lost in the logarithmic chart. But in a normal chart, the Turkish lira can be corrected by approaching the resistance frontiers. But what is not unexpected in the medium term is a further depreciation of the lira against the US dollar to at least 16.
This is for entertainment purpose only. If we consider Elliott Waves count on a Point and Figure Chart, one may see a possible wave count. The count is imaginary which may reflect the current and future sentiment on the Turkish Lira Trend.
Could this uptrend channel control the trend? What happened if the pair breaks the upper trend line?
just an analayze. i think this scenario it going to be happen. correction will be loading...
We are observing a long-term trend of the depreciation of the Turkish currency. According to the Trend-Based Fib Extension, the 161.8% level is a good resistance and a target for the bulls. At the moment, USDTRY is pressing its ATH and consolidating under it. I expect an impulse breakout and a continuation of the uptrend. Best regards EXCAVO
This my USD/TRY ideas. This was the trend I followed for Turkish Lira's
Bir ülkenin varlıkları nasıl suni krizler ile yok paraya satılır.
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.: