In terms of the wave analysis, it seems that we have reached the peak and completed a full cycle that started a decade ago, and we are standing on the resistance of the blue channel, and at the level of 2.618 Fibonacci, we do not want to exceed that level, and most likely we will bounce back to the target of 1.618 Fibonacci , to get the corrective wave A, first,...
The USDTRY pair has been rising steadily since the December 2021 drop. The RSI on the 1W time-frame has formed a pattern that since 2013 at least, paved the way to very aggressive pumps. Technically the next wave is about to start and shouldn't retrace before it hits the RSI's Higher Highs trend-line. Based on the pair's Higher Highs trend-line, the next top can...
With Turkey's entry into the Shanghai Cooperation Organization and the policies implemented in the country, trade movements, etc. I expect the price to go down in the long term with the interventions to be made on the exchange rate in the range that I have indicated with the red line. New government elections will be held next year, and in order to secure the...
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You guys see I have a lot usdtry analysis and my analysis success rate is 90% on this pair because I live in turkey and I feel every single situation when our turkish lira lose value let me give example.
So right now our president want to lower interest rates but technic analysis say...
I have really never seen this before so maybe you guys can shed some light on it. The price made a sudden dip to the 16.5 level and then went right back up to the median price. When i zoomed the chart out i could see that it dipped right to a key support area so could Turkey's central back have done this? As you all may know, the Turkish Lira has shot up due to...
Although the chart has too many bullish daily candles, the upward angle and trend confidence shows me the trend is your friend. So I expect a new record high and a breakout of December's high of 18.25 . The target is 20 in the next two months .
On the macro side, the imbalances remain. Turkey has the highest negative real interest rate (minus 64%) * among...
the price broken the highest price was 18.249
so now is above it, will try to stay in the bullish zone and will go up gradually even if the price is above 18.25
and if breaks 18.19 then the price will try to retest then will go up again
=
USDTRY
tendency upward
Entry: above 18.22
TP: 18.34 & 18.50 & 18.85
sl.: 18.01
risk 2.0%
Tendency upward.
Now will try to break the 18.25 is the highest of the this pair
and if break strong ressistance then will start a newstrong bullish trend.
20 21 are on desk in long term.
*Please share your opinion on it, write in the comments. Dont forget some cheers bravo. "
Teşekkürler.
now will try to break the 18.24 is the highest of the USDTRY
and above it by stabilizing the daily chart then the direction will start a new bullish trend
USDTRY
tendency upward
Entry: above 18.12
TP: 18.24 & 18.50 & 18.85
sl.: 17.950
risk 2.0%
now will try to break the 18.24 is the highest of the USDTRY
and above it by stabilizing the daily chart then the direction will start a new bullish trend
USDTRY
tendency upward
Entry: above 18.12
TP: 18.24 & 18.50 & 18.85
sl.: 17.950
risk 2.0%
If you look closely at the price action of the Turkish Lira, it simply looks weird. I know that is not particularly technical language but it looks like obvious central bank suppression. The TRY is just about to hit the recent low point against the USD.
USD/TRY
I see Divergence in RSI daily time frames....and there is rising wedge there...so I think it should go to 17-16 maybe....please send your comments to me...thanks
USD/TRY broke the resistance of 17.97 and the area above it(green) which was previous resistance for a while.
After the rate cut of the Turkish Central Bank, Turkish Lira lost value and USD/TRY index broke the psychological resistance of 18.00
I think we will see more choppy bullish price action because the RSI is overbough and MACD is decreasing in the 4H chart.
