Even if 1H and 4H graphics and indicators show the rise still on track, 1D graphic and indicators are signaling for around 6-7% fall and sell-off for me. I am overall keeping my position long with a small partition of selling.
Last week, the Turkish central bank made a significant move by raising rates by 750 basis points. This caused a sharp downward movement in the US dollar relative to the Turkish lira. Since then, there has been a notable response, with the market showing a sharp rebound. During times of such volatile market reactions, it's valuable to examine Fibonacci...
For the last months, the Turkish lira has been traded near the all-time lows against USD. I think that demand for the lira would shift soon, and it would trigger a breakout of resistance of 18.7 with the first psychological price target of TRY 20 for 1 USD with consolidation near 25 in the second half of the year. In terms of technical analysis, I do not see any...
The question is... What have been changed in the Turkish economy? 🤔 1) Is the price of petrol will decrease in Turkey? The answer is; NO... 2) Is the price of electricity will decrease in Turkey? The answer is; NO... 3) Is the pricing in housing market will decrease in Turkey? The answer is; NO... 4) Is the pricing in automobile market will decrease in Turkey?...
Since the self-proclaimed monetary "expert" and Father of #MMT Warren Mosler said, "Erdogan has it right" (to lower interest rates back on March 22, 2021), the USD has appreciated by 145% against the $TRY Easy to say, not stupid enough to take his own advice & buy the $TRY Great lesson not to listen to self proclaimed "monetary experts" who could not even...
The decline of the Turkish lira to areas of 30 liras per US dollar in the medium term, and thus wave number three Elliott Wave will end
I made some posts about the Lira back in 2022 but shortly after this all my major brokers went exit only liquidity on the Lira and since I could not trade it I stopped paying attention to it. Look what happened since then. This is wild. Still no liquidity on this. I'd actually take a pop at shorting this if there was. Anyway, just another fat tail TA test....
The 5 EMA has Broken above the 13 EMA on the 4 Hour Time Frame The Fast MA on the Trade Development Index has already broken the 20 implying that the currency pair was over sold Fib Retracement confirms a target to the Long side Take Profit is Derived from Pivots
The dollar pair stabilized against the Turkish lira USD/TRY during today's trading, to trade the Turkish currency at its lowest level ever against the dollar. On the American front, the dollar rose against major currencies after the Federal Reserve's decision last week to raise interest rates, as the dollar received support after a limited decline. At the present...
The chart shows that the market is in sideways hence we place buy stop and sell stop in order to enter in the market whenever it transition into trending market
New target of usdtry is 26 TRY per Dollar. Projection for next 2 years.
Turkish lira sinks to fresh lows following the central bank’s interest rate hike The Turkish lira sank to new record lows after Turkey’s central bank raised the country’s benchmark interest rate by 650 basis points in a dramatic monetary policy reversal. The central bank lifted its key interest rate by almost double, from 8.5% to 15% Thursday, marking the...
Our indicator observing upcoming strong bullish momentum for FX_IDC:TRYUSD pair upcoming week should produce stable bottom support and new fractal sequence.
At least 28.9 will be hit. 28.9 to 30 is an extremely strong zone.
Trading proposals post based on price action, technical analysis, major intraday supports and resistances, rejections, breakouts, chart patterns and other factors . Trading suggestion : 📍 USDTRY 🔰 LONG 🟢Buy Now or Buy at : 25.8536 ⛔️Stop Loss : 25.2226 🌀Take Profit 1 : 28.4728 🌀Take Profit 2 : 30.8818 ⛔️ Trading and investment in the financial...
When we look at the monthly logarithmic chart, we see that it is in a parabolic uptrend from 2008. With the inflation that comes with incredible money printing, there is a possibility that it will reach the levels of 27-35 TRY. It is not investment advice.
DO NOT FORGET USING A STOP LOSS Warning: This is just a suggestion and we do not guarantee profits. We advise you analyze the chart before opening any position. I hope you are always profitable
Trading Setup: A Trading Signal is seen in the USDTRY Currency Pair. Traders can open their Buy Trades NOW ⬆️ Buy Now or buy on 25.68 ⭕️SL @ 24.91 🔵TP1 @ 27.90 🔵TP2 @ 29.49 🔵TP3 @ 31.93 What are these signals based on? Classical Technical Analysis Price Action Candlesticks Fibonacci RSI, Moving Average , Ichimoku , Bollinger Bands Risk Warning Trading ...