NATO (US)- TR agreement and pushing USD in market soonI believe there were hidden agreements with NATO and TR to fix the currency issue in order to open the gates for Finland and Sweden. Time will tell.by babitbahadirUpdated 225
USDTRY, near a major resistanceHello traders and arkadaslarim, This is an update of previous analysis (blow link). Everything is clear on the chart for you like always. So monitor the price's action 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 to meShortby ArashBanakar7710
USDTRY 12H (gradually to the top) USDTRY Can stable at the bullish zone and now gradually will try to reach the high of the historical price of USDTRY tendency upward Entry: above 17.790 TP: 18.04 & 18.100 & 18.240 sl.: 17.5900 risk 2.0%Longby SroshMayi18
chart is crystal clearUSDTRY is going to break its final barrier and make new historical highsLongby asharifan7
USDTRY-SELL strategy MTShort-term we have been grinding slowly higher, and we are nearing channel resistance 17.88. The medium-term and long-term situation is more interesting, and shows we have reasonable chance to see much lower levels. The pair is way overbought, and even controlled and all the news surrounding the condition of the market, does not change the tech picture we are in. Unless we abandon the system and make it a complete managed float. For now, SELL current 17.50-18.00 and add higher when seen carefully. The profit objective medium-term is 13.75 and long-term 11.50 for now. I am scaling it upwards due to the higher levels seen. Shortby peterbokma999
$USDTRY - Fly high Vol.2 #fintwit #forex$USDTRY Breakout in 1h Chart 1. Positive Supertrend in 4h Chart & Consolidation > 8 days 2. Several touching points with vwap 3. Price above 10, 20 & 50 EMA 4. Target 17.7 5. Stop-Loss 17.37 6. Risk Reward Ratio 2.0Longby Diplo_Trades224
USDTRY 4H (Uptrend)The Turkish unemployment rate decreased by 0.3% on a monthly basis in May ============================= USDTRY tendency upward Entry: above 17.31 TP: 17.58 & 17.78 & 18.20 sl.: 17.15 risk 2.0%Longby SroshMayi9
USDTRY-LT SELL+++The pair is way overdone, albeit controlled managed float. Looking at the GANN fan we can observe we are nearing the top 17.65 (sometimes overshoots) and also we see the FALSE BULL FLAG pattern, that has a flag support 14.68 and objective wise 11.80 GANN 1/1 support. Judging the whole chart and the RSI is very overdone, and I mean very very very overdone. This suggests caution on being LONG. I see that we may test little higher though 18.00 above, but overall expect a move back to 12.00 at a minimum based on the GANN support mentioned. So strategy is SELL @ 17.30-18.30 (its medium term so we pick levels) and take profit 12.25 for now. Shortby peterbokma11115
USDTRY-MT NEUTRAL to upsideI am careful to promote a BUY signal, since the monthly chart is very overdone, and any major event on Turkish Lira can set it back quickly to much lower levels. The stochastic is almost positive, and the GANN resistance is 19.00 area and we have more room on upside medium-term. We may see above 18.00-18.50 before the change of direction sets in. Strategy is SELL @ 18.25-19.00 for medium term objective 10.50-11.25. I would rather use this as a wait and see opportunity and SELL higher up only and not to venture long right now. The short-term chart is slightly positive but will correct back as well. That is why some caution. Overall I see medium- to long-term move down to 10.50-11.00. Slight adjust upwards since we have moved higher as well. Shortby peterbokma332
USDTRY-SELL strategyThe 4-hourly chart is slightly positive, and it is possible to see a re-test of 17.46 resistance (mid-channel). The daily chart stochastic is positive, but in terms of GANN trend change date, the date is today according to the time cycle. I suspect the inflation in US to be the trigger then. I feel that we may return 16.25-16.50 short-term. The long-term will show on a separate update. Shortby peterbokma3
The ratio of the USD TRY will continue increaseHello dear friends According to the candlestick pattern on the weekly time frame, I prefer to look for more buying positions on this chart, so I will look for more bullish price patterns at these levels.Longby ali5adeghi3
Price action analysisThe type of weekly transactions based on price action visa for people who do not work as their first jobby hosseinie080
$USDTRY - Fly high #fintwit #forex$USDTRY Breakout in 1h Chart Target 17.55$/TRY Stop-Loss 17.20$/TRY Risk Reward Ratio 5.04Longby Diplo_Trades5
USDTRYI’ve marked the zones where to buy and the tp, we don’t have SL, but when the trade enters if it goes profit, then put the SL in BE so this way even if the market goes opposite then we don’t lose. I wish u all the best. Please if u liked the idea press like, comment, and FOLLOW me for more Thank You!by AbduRrahman01
USDTRY 4H (uptrend) USDTRY tendency upward Entry: above 17.06 TP: 17.40 & 17.60 & 18.20 sl.: 16.90 risk 2.0%Longby SroshMayi11
Not complicatedUSDTRY incoming ATH. The channel slop is obvious and soon it will try to cross the middle line then it's going to be open season. I'm not sure about the following ATH level.Longby kenanatalayUpdated 6
$USDTRY - Fly high #fintwit #forex#USDTRY Breakout 🚀 in 1h Chart and reclaim of vwap on above average volume - Target 17.05 🧲 All Entry Criteria have been met: 1. Price above 10, 20 & 50 EMA ✅ 2. Consolidation Phase in Uptrend ✅ 3. Breakout on above average Volume✅Longby Diplo_TradesUpdated 6
Is Turkish Lira in trouble ?When we read about a currency is plunging against another currency (usually the USD), what we are really saying is there is more supplies of Lira flooding the market. That means 1 USD will get you more TRY (lira) than before. Who is this good for ? Of course , those who has a stronger currency and can get much more LIRA to spend be it food, transport, assets purchases, etc. So, from the chart point of view, you can see that the higher the price shoots up , the weaker is lira against USD. And of course, for its residents who are keen to buy overseas goods, that means they need more LIRA to pay for it. That explains why Apple has to halt its online sales. by dchua1969Updated 0
$USDTRY finally ready for some downside? 🥶after years of parabolic upside we are finally seeing some pullback, my short term targets are 15.15-14.4Shortby Vibranium_Capital5511
U.S. Dollar / Turkish Lira USDTRY -ShortUSD/TRY may end the uptrend for a period of time in a bear market correction. Either the bear market is in the going or the uptrend may still needs to make more uptick before the bear market resume. The wave count and chart pattern may give us a clue for the direction of the trend. Only sustain trading above 18 Lira to one US Dollar may destroy the bear market correction scenario. Shortby BASRAOIL_LIMITED443
USDTRY Monthly Next 2 days will be crucial for TRY...Monthly chart shows possible targets up to 33by solitude795
USD/TRY LONG Setup by baris3Nice trick by goverment. They want to put pressure on companies by making them sell their dollars. But this will only postpone the collapse of Lira. Target is 18+ for USD/TRY pair. This will be 3th wave (elliott). Current correction can not go down more than here 15.80 My target is 21-22 for USD/TRY pair. Fundamentally flawed economy will not persevere.Longby baris32