The USDTRY improved after a massive freefall when the Turkish president announced changes in monetary policies. We have however seen traders be more bullish for the USDTRY although many traders sold the currency pair earlier this month. We have now seen multiple confirmation for a bullish run in 2022 with a breakout of the down trend on the H4 timeframe, a double...
USDTRY next support is around 10 lira per USD After that it will hit the old ascending channel
This is a classic example of risk management, if there is anyone who is over leveraged before the crash, the account must have been wiped out. I wish noone be in that position but if there is any survivor then probably a story to tell and help the community. Why I am inclined towards long. #1 : This is a retracement of the entire move from the beginning of...
USDTRY, now after stablizing at this zone, if the price can break 12.60 will be the strong upward, so now i expect will get upward slowly. —— Tendency: upward Entry: above 11.50 Target: 12.6 & 13.8 & 15.00 —————————————
Hello traders, Everything is clear on the chart for you like always. So monitor the price's behavior in the circle. After breakout the resistance zone and fixation, we can buy and for lower risk after pullback. Good luck. If you like the idea, do not forget to support with a like and follow me for next analysis :) Write your comment and opinion below for me
Turkish Lira Chart / US Dollar This is just an idea, and it depends on Turkey's economic policies.
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...
in USDTRY we have a Falling market mostly 161.8% of Fibonacci retracement and then we can long it the 1 TP and of price crosses the TP Zone then we can see very high prices of Fib Projection keep an eye on the white Buy line please comment your opinions
Let's see if this is just a dream or reality... If it's a re-test then next month we will see a huge price action to the upside.
USDTRY Price today shows huge volatility and bulls find this current drop an opportunity. Turkey's lira goes into 'beast mode', strengthening 9% vs USD this morning, following a historic 25% recovery from record lows, after President Tayyip Erdogan unveiled a plan he said would guarantee local currency deposits against market fluctuations. Good Luck!
I predict in the previous analysis; It happened up to the end of Fibo 432. In other words, the wave3 is over and we need to correction. This correction can last up to ten Turkish lira due to the sharp drop of MACD in daily time, means it will going to middle bolinger bands or 0.70 fibo. So; after which we will have a very small correction one again. Good luck
USDTRY has broken the top channel line. The possible target will be 23-23.5 after a pullback.
The Turkish lira crashed to another record low on Friday and shot to the 16.85-90 region against its American counterpart during the first half of the European session. The strong move up over the past two days or so comes after President Recep Tayyip Erdogan announced on Thursday to raise the minimum wage by 50% starting next year. Erdogan also said that the...
you can double check the chart that's what i can see on my side and what i believe
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.
Political and economical conditions are settled for a hyperinflation cycle in Turkey. Rampant inflation, panic hoarding of real assets, limits in banks, negative reserves excluding swaps, and crazy politicians. Compare it to the argentinian hyperinflation cycle, the patterns are the same. Short Turkish Lyra,we could see a small retrace here, but the cycle has...
A Possible wave count on $/TL 2H chart. The trend as shown may target 16.