Got lot's of remarks and statements that I do not understand Erdogan etc. Well, yes fundamentals and market psychology drive market, and those are build in charts. Hype and fear has always existed. Anyway, looking at history regardless reasons, if it's overdone it's overdone. Central banks can make extreme decisions, for example EURCHF peg, French Central bank...
The USDTRY has climbed back and is trying to retest the highs. The GANN resistance is strong, and even a spike may be a short moment of time only is my personal view. The RSI daily chart above 80.0 again and the weekly still 92.0 which is a strong message of caution. Strategy SELL current 12.85 - 13.15 for move to 11.0800 > 10.0300. Short-term expect 11.08...
I am expecting range trading, but would like to use that as a sell into rally strategy. The GANN SQUARE drawing from early base, shows the movement and progress within the GANN Square. We are outside the GANN circle and had a sharp increase. It is the steepness I worry about, and as all things, gravity will pull it down. Strategy is therefore, sell between...
The USDTRY has not yet understood gravity. Just sell and remain short and add small increments. The Daily RSI 95.0 and weekly 88.0 heavily suggest it will turn very sharp downwards. objective 10.13 and lower.
It starts becoming a habit, but good habits always remain. I feel strongly about remaining in SELL mode, even though it looks like a run away truck. the facts are, RSI 94.50 for Daily and nearly 88.0 for the weekly chart. An extremely high ADX and Donchian way out of line. The objective is 10.35 > 9.4200 and it will get there after the fear is subsided. from...
I cannot change mind on this currency pair, and remain SELL SELL strategy. In fact, I do not see a stop-loss being useful, since we have enough parameters that are suggesting we will correct sooner than later: RSI for weekly and daily chart are very high. Secondly we are above BB band as well. The moving average have not crossed negative as yet. If one...
There is a rising wedge in USD/TRY chart. Be careful!
DAILY CHART W/ SUPDEM & PARALLEL CHANNEL FORMATION If you find my analysis useful, you can support it by liking and commenting.
H1 CHART W/ BAT PATTERN. If you find my analysis useful, you can support it by liking and commenting.
FX:USDTRY OANDA:USDTRY FX_IDC:USDTRY
USD/TRY has a bearish divergence at macd histogram on daily chart. Profit Targets 5,85 5,79 Stop loss: 5,99 Have a nice day, Berk
expecting USDTRY pair back to 5.68. good luck.
USD/TRY formed double top on the daily chart and the price going downward. The Relative Strength index is on low level, and the price today going little bit upward, so I think its a correction. When the price will going downward again that's a good entry for short position.
This week first days USDTRY make decision Tp points on charts. Wait patiently