USDTRYTRY can increase from USD And turkish econimic will be better than the past and i have hope for Turkish LIR.Shortby shahabshafayyan20204
Nothing happened yet to USDTRYThe Turkish Lira will lose at least another 50% of its value this year. USDTRY at 50 is not impossible, actually very realistic. Because Extended wave 5, baby...Longby AndyM116
Dollar to TRY arriving fib resistance and rejection!The fib based trend 1-1 level acting as perfect resistance and holding price down at the moment, looking forward for Monday opening and political impacts!!Shortby qaisnemani3
Turkish lira sank to new lows against the US dollar on ThursdayTurkish lira sinks to fresh low after report state lenders stop defending the currency The Turkish lira sank to new lows against the U.S. dollar on Thursday, as concerns mounted over challenges facing the country’s new finance minister, and after a report that state lenders have stopped selling dollars to defend the currency. The dollar USDTRY, 0.55% climbed to 23.360 against the lira, a drop of 6.3%. That’s as investors continued to put money into Turkish stocks, in a bid to escape high inflation, that state lenders were no longer trying to prop up the lira with dollar sales, which could be a sign of the new incoming finance minister’s promise of a more “rational economic policy,” and a more freely floating currency. the country’s state banks don’t comment on market interventions. Reuters, meanwhile, cited four traders who said forex and gold reserves declines had halted from last week, as the government has used billions of dollars to keep the lira afloat. The central bank has cut its policy rates from roughly 20% in 2021 to 8.5% currently, while inflation hovered at just under 40% in May, but was above 85% in October. “Mr. Simsek is well-known and well-appreciated by the markets, and is now supposed to clean up the mess of the past year-and-a-half, and eventually restore investor confidence. But restoring confidence won’t be a piece of cake, of course,” Ipek Ozkardeskaya, senior analyst at Swissquote Bank, told clients in a note. “In past years, Turkey didn’t lack talented finance ministers or smart central bankers. But each time sometime tried to do his/her job correctly – which in Turkey means raising the rates – he/she got rapidly sacked. Therefore, what investors want to see in Turkey is not how talented Mehmet Simsek is in finance, but how resistant he will be to the low-rate pressure from the presidential office,” she said. ” Şimşek will need to fight the beneficiaries (and possibly the President himself) in, for instance, raising interest rates. By no means is it clear that Şimşek would win his battles that lie ahead,” he added. TECHNICALLY: if EURUSD closes the price above the trend line (23.180) then we will see more bullish till reaching (28.450) for the next months but closing under the trend line and stabilizing under it, then will drop to do a retest till (20.000) Shortby SroshMayi2212
Türk lirası (USDTRY)- Textbook Entries 🏛️📑Given that I am Long on EURUSD this period i prefer to trade EURTRY instead of USDTRY: Check my post here for targets: Thoughts: Some governments (not the people) prefer their currency cheap, it helps with exports. People choose their government. In this case Erdogan has been re-elected. A cheaper Turkish lira supports the plan of what I will dare to call 'Islamo-China-ization': Cheap currency helps bring tourism and business but does not help the Turks study abroad or buy from abroad. China for example likes their currency cheap. Erdogan focuses on producing and selling (from goods to guns) instead of importing and at the same time turns the country into a 'claustrophobic anti-Western entity' to achieve so. Off course himself and his bankers are only growing stronger assisting Russians with sanctions and keeping 'one leg in NATO and the other in the East'. Creating an 'enemy or 2 or 3 or 50' helps the cause. Talking about Ottoman empire, Islam and 'kismet' also helps the 'Supreme Leader's' purpose.... but this sounds more like Iran and North Korea than a 'democratic modern nation'. Are people happy in those countries/regimes? These can be dangerous days for the Turkish Lira and the Turkish people. Will the IMF need to step in? Will it want to step in? Will Erdogan accept it? Or will Qatar, the Russians or anyone else (?) run to the rescue for their own interest? Could that be the BRICS? (in any case, there is no such thing as free money) All these questions will remain un-answered until we know the answer. For the time being TRY keeps weakening against the USD and EUR. 26,5 TRY to a EUR is a possibility here. By the way, my last post was a PERFECT entry and it was the third in a row: When a country goes into economic problems and it's leader is a revisionist there lies a danger of war. Ukraine is a battlefield nearby where East and West are 're-shaping borders'. The worst case scenario here would be for Turkey to end up picking a 'camp' and entering a fight, which historically has happened many times in similar situations. (Look at the last 2 links below....) “Old men make war, young men fight and die.” — Winston Churchill I can only wish Turkish people peace and prosperity and may Erdogan find a balance between reality and economy. Young people with 'warm blood' should not waste it for 'dangerous political ambitions' but instead should have access to education, opportunities, jobs and prosperous future. One Love, The FXPROFESSOR Links: Economic unorthodoxy and culture wars : www.theguardian.com The West: www.bbc.com Brics: watcher.guru Russia and Turkey have a Long history of being friends and then fighting: www.reuters.com Turkey and Greece tensions ease: greekcitytimes.com EURTRY PERFECT ENTRIES: www.tradingview.com Longby FX_ProfessorUpdated 151519
Short USD/TRYI think USD/TRY has reached the 5th label of the 5th wave. I expect a decline in the exchange rate when the new central bank governor is appointed.Shortby PardusPanteri996
USDTlirConsidering the chaotic political situation caused by the upcoming elections in Turkey and considering the technical situation of the dollar lira chart, I expect it to experience a strange growth up to the range of 34.22.Longby mike-bUpdated 4411
After electionDO 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 profitableLongby Nima_aj1
USDTRY-SELL Long-termThe pair makes every day higher highs, and what has been told is the constant purchasing of US dollar and the central bank inability to stop the flow. However, it is not a new story, and we can see on the chart (where RED arrow), we can indeed correct sharply. The RSIs were very extreme, and currently across the board, the daily, weekly and monthly chart are at overbought levels that are out of this world. I have been looking at this for a long time, and anything with a level of RSI near 90.0 or higher, will correct extreme as well. The correction should go at a minimum to 14.60 GANN support and when broken we visit 10.00 again as well, which may look very unlikely. It depends to how the government will act from now on. Those on the ground will have a better view on that. Shortby peterbokma16160
USDTRY- SELL Long-termOf course, the pair is a controlled mechanism, and fast buyers of USD which makes it difficult for the central bank. We are nearing 2nd voting 28th May 2023, and amidst that extremely high inflation. So either we get a completely new currency, or we have a large correction upcoming. Those living in Turkey are far more expert than me on the current situation inside the country. I can only state technically that I have seen such levels of overbought state before, and corrections will happen, unless as mentioned a move away from the currency and start a new. Strategy LONG-TERM SELL between 18.50-21.50 and correction can takes us down to GANN support near 15.00. Shortby peterbokma993
USDTRY : :US DOLLOR TURKISH Hi Guys , Hope you well. Charts shows You SecondChanceCrypto ⏰23/May/23 ⛔️(DYOR) always do your research. If you have any questions, you can write them in the comments below, and I will answer them. And please don't forget to support this idea with your likes and comment.by Secondchancecrypto10104
USDTRYUSDTRY has been rising since 2008 In the coming 6-12 months we can see change of the trendby stratheart3
USD/TRYJust watch the boundaries, huge uptrend likely to continue in favor of Dollar. Longby bartuclk4
Fasten your seat belts, Turkey's economy is collapsing...According to the chart on forex.com, it may be funny to analyze a currency whose country is suffering from a crisis like an earthquake, because it is a crisis and it makes the currency of poor quality, but when we investigate further, we see that all these events in the currency are related to political events and The new crisis of the earthquake shook the currency a little, but it did not have a strong impact. Therefore, according to my words, the currency that could be controlled at 18.46 dollars and was not controlled can easily reach the border between 32 and 34 dollars based on Fibonacci and a large and beautiful economy like Turkey will undergo transformation and destruction. Even if the Turkish government can bring its currency below 18.46 dollars today, it will be too late, but lowering the price of the currency today can help Turkey's crisis-stricken economy. But I think that the Turkish government should not involve itself in lowering the price of the currency, and therefore it will slowly suffer inflation and gradually transform the great economy of Turkey to the limit of 32 and 34 dollars. So I'm sorry to say, fasten your seat belts, Turkey's economy is collapsing and will see $32.by khosrooparvizUpdated 17
USDTRY-Long Term SELLNo change in view, and I believe the pair might have its dramatic correction after the election results May 14th, if not mistaken. The technical picture is extremely overbought, and we do need a solid correction moving towards 12.50-15.00 at least before we resume upwards again. Strategy is remain SHORT at various levels, and take profit @ 15.25 and next @ 13.50. Shortby peterbokma552
Will Turkish lira reverse if new leader is elected?Could the upcoming Turkey election effect how their currency lira performs against western currencies including the USD? Any potential new leader may be able to get the lira to be much stronger then over the last few years. As for today, the USD against the Turkish lira is the only currency which seems to be somewhat strong in the world of Oanda forex. When my usual frequent scanning across forex and CFD universe, there are very few instruments that showed a consistent profit for the day. Something very strange is happening in the global markets todayLongby bryandowningqln1
full analysisThis analysis may be right or wrong. I always hope for the best and the best for the Turkish people, but my analysis is based on data only and not on wishes and the rules of Elliott science. This time frame is three months, which means a large frame and its implementation needs many years. The currency rose in one large extended wave and made wave two, and it is expected to end in the next wave three, and it will be yellower than wave one at approximately 50% Fibonacci at the shaded areaby KhaldHegazy662
Welcome to another debt crisis in economic history 7!It's been a while since I tracked the #usdtry pair. You can also find my past reviews below for comparison. Concerns over - high inflation, - high levels of debt - external financing needs - geopolitical tensions - a looser monetary policy stance to support economic growth - high-level gov. corruption - pressure on the parity imo parity will be stabilized around 33-46Longby leducterov4
USDTRY-Long-term SELLFor sure some comments coming my way. I remain from a technical perspective to be SHORT @ anywhere 18.00-21.00 for a move below 15.00. The election is coming soon, and any major change may bring the pair much lower. Further, RSI extreme, and MACD is actually negative for the monthly chart. I understand previous comments that it is not good for the country to have lower exchange rate, but all am saying we need to relieve the pressure long-term to trade in the 11.00 - 15.00 range before we move beyond 20.00 confidently. Shortby peterbokma223
USDTRY bullish extension of 2022USDTRY looks bullish over 50 SMA moving average line. I expect a bullish continuation of the late 2022 upside swing. RSI indicator shows over 50 bullish zone also. Possible short-term targets 19.70 19.90 I think the price could test the psychological 20.00 level Longby osmanemre1
There will be a major collapse before the election.We can see 17₺ or maybe 16.5₺. Don't forget! This is just a beyond technical analysis method. Good Luck!Shortby SMART-KID-335
USDTRY is losing momentumUSDTRY reached to the maximum level of upswing trend of 2021 on 19.30 point. Price is losing momentum with 25 EMA and Relative Strenght index. I think USDTRY need some pullback it can be fast like previous swing. Possible targets 16.10 and 14.20Shortby osmanemre112
Continue Long 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 Longby Nima_aj110