meszaros

USDTRY before the 2.4% decline...

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OANDA:USDTRY   U.S. Dollar / Turkish Lira
Although the previous analysis did not follow the current exchange rate movement, I still maintain the findings of my previous analysis. The following figure shows the following fractal rules. The yellow rectangles show the rising fractals. This indicates that the rise in the exchange rate is down 3-2-1. Meanwhile, the size of the falling fractals indicated by the red rectangle is the same. These two observations suggest that the northward movement of the exchange rate stops regularly. Meanwhile, the decreasing corrective movements are uniform and definite. But let's move on to the purple squares in the exchange rate. These are the ATR endpoints of the PSAR indicator and the peak valleys of the exchange rate. These are virtually the two "delimiting regions" between which the sequence fluctuates. Now we can see that the two border areas are widening and the amplitude of the exchange rate fluctuation is increasing. Therefore, I am assuming that the exchange rate is heading south and is starting to fall again with a target price of $ 5.6777.

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