U.S. Dollar/Turkish New Lira

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USDTRY Forex Chart

 

USDTRY

USD TRY (US Dollar / Turkish Lira)

The US Dollar vs. the new Turkish Lira. A new version of the Turkish Lira was established in 2005 after the value of the old Lira fell to drastically low levels. The Turkish economy relies on the foreign cash looking for short term profits making the Lira subject to severe depreciation. Political conditions and EU economic issues have delayed Turkey's effort to join the Euro-Zone.

News

DariusAnucauskas DariusAnucauskas USDTRY, D, Short ,
USDTRY: USDTRY - Daily - Sneaky sneaky...
17 0 3
USDTRY, D Short
USDTRY - Daily - Sneaky sneaky...

Very interesting. So it does want to go down after all. Well, in that case, we'll take a position. So it tested the trendline and bounced nicely off of it. Made a move higher, probably wiping all Sellers and now it is ready to fall. Probably... Be careful with this one. That's why the heading has a word "sneaky" in it. I would recommend to wait for today's ...

DariusAnucauskas DariusAnucauskas USDTRY, D, Short ,
USDTRY: USDTRY - Daily - Look at those moves!
21 0 2
USDTRY, D Short
USDTRY - Daily - Look at those moves!

The recent tensions between US and Turkey have wiped out a huge chunk of US Dollar gains against the the Turkish Lira. The US have suspended visa applications for travelling to the US for Turkish nationals. It seems that this is seen as a negative for US Dollar against the Lira. Unless that steep trend line will be a good support level for a move higher. But ...

chafani chafani USDTRY, 240,
USDTRY: USDTRY H4, Bullish Shark Pattern Formation
99 0 4
USDTRY, 240
USDTRY H4, Bullish Shark Pattern Formation

USDTRY H4, Bullish Shark Pattern Formation

chafani chafani USDTRY, 240,
USDTRY: USDTRY H4, Potential Forming a Bearish Shark Pattern
66 0 1
USDTRY, 240
USDTRY H4, Potential Forming a Bearish Shark Pattern

USDTRY H4, Potential Forming a Bearish Shark Pattern

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