Hello Traders, I was away for a couple of months due to personal matters, but I am determined to support you again with my outstanding ideas in 2022. So let do this! A beautiful curve stick pattern is forming. Buy USD/TRY at 12.8 TP 1: 13.94 TP 2: 14.60 SL: 11.22 The Content is for informational purposes only, you should not construe any such information or...
We said it 30 minutes before this massive short-selling. "it will go up until the Turkish Government decides to react." And they did. At Human traders we provided two selling signals, and we are short this forex pair. Volatility remains high and there are a lot of forex traders closing positions. For those who want to trade this one, we recommend you to stay on...
USDTRY VCG Risk 2% TL 3000 PIP BUY Do you want to learn more about the world of forex and trading, and are looking for a reliable broker inside Iraq?
Everyone wants to know where it's going...Why not just scalp these areas USDTRY THE MAIN FOREX PAIR that has been very active in the news in 2021. Generally speaking all main gaps get filled...Let's see where market should fined some two way auction. My main trading analysis is always through orderflow & volume profile . I mainly scalp Futures (ES & NQ) I have...
This week has seen the USD/Turkish Lira exchange rate drop from a high of 18.25 TL per Dollar to a close at 11 TL per Dollar. In my previous idea published in January 2021. The concepts I laid out in that idea are still valid. The curve I drew still holds intact. RSI is still rising in the parallel channel. The recent spike has seen RSI reach even higher value...
This is just a quick look at the USDTRY pair. I'm evaluating the recent recovery of the Turkish Lira versus the dollar from about 8.5 TL per dollar to 7.3 TL. In my estimation, this recovery has not shown enough strength to continue. We can see that as soon as it touched the bottom of the drawn curve, RSI has reached the bottom of its parallel channel. That's as...
i think Turkish lira in coming down again all goverement can be force anything in future its not financial advice just idea from chart
Inflation is running hot in Turkey at 21% YoY & soon to surpass the 2019 high of 25%. And yesterday the central bank, or dare we say President Erdogan, cut the weekly repo rate by 100 bp to 14%. His theory is that lower rates will tame inflation. And the Turkish Lira promptly hit an all-time low against the US dollar. President Erdogan for chair of the US Fed, anyone?
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
As you can see in the previous price actions after the interference of the Turkish Lira it seems that the Currency has gotten a Chronic Disease now. The fast bounce back conclude that there is globally no trust within the Turkish Economic Politics. As the Minister of Treasury has already been replaced within 3 years and the independence of the Turkish Central...
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.
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...
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
In the traditional Turkish calendar, there are only 2 zodiac animals. Next year seems to be bull.
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