TRY's collapse will extend far beyond what people expectWe are dealing with an overextended wave 5 here. The targets lie between 36 and 45. The Turkish Lira will collapse.Longby AndyM5513
-90% in under a decade for the Turkish Lira against the DollarThe weak support in the lower half of the parabolic trend throughout 2022 compared to before points to this being far from overby markusrafferty220
changed program try lira diving to hllbad news for turkey lira start skydiving sell lira buy us Longby sytrd193
i thing Turkish Lira can get back some of price dropwhat do you think ? I would be happy to know your opinion, leave a commentShortby sytrd19334
USDTRY (Uptrend zone )highest bpricethe 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%Longby SroshMayi12
We changing 50-80% soonTRY changes from RED to MAGENTA CHANNEL! I expect a hard pump up tp 10-12TL good luck...by hypercraftUpdated 6
USD/TRYTendency 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. Longby Bitcim116
USDTRY 4h (Now we are on the highest price of USDTRY)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%by SroshMayi9
USDTRY 4H (near to the highest price...) 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%Longby SroshMayi3310
Does this chart look normal to you?!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.by MrAndroid0
USD/TRYUSD/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...thanksShortby bbehrad225
USD/TRY Strong Support and Choppy Bullish Price ActionUSD/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.by parsx262
Turkish Lira at supportThe Turkish Lira has been in a long term devaluation against the US dollar for quite a few years and it looks as if there will now be re-test of the lowest point of support on this chart. Inflation in Turkey is at 80% and the news came through yesterday that the government has just cut interest rates from 14% to 13%.by MrAndroid111
maalesef ki dolar çok tehlikeligeliyor gelmekte olan :// çok üzüyor bu durum ama yapacak bir şey yokLongby euyantr3
💡Don't miss the great buy opportunity in USDTRYTrading suggestion: ". There is a possibility of temporary retracement to the suggested support line (17.9722). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . USDTRY is in a range bound, and the beginning of an uptrend is expected. . The price is above the 21-Day WEMA, which acts as a dynamic support. . The RSI is at 66. Take Profits: TP1= @ 18.5000 TP2= @ 19.0000 TP3= @ 19.5000 TP4= @ 20.0000 TP5= @ 20.5000 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex / Crypto trader? Now, It's your turn! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️Longby ForecastCity_World101014
💡Don't miss the great buy opportunity in USDTRYTrading suggestion: ". There is a possibility of temporary retracement to the suggested support line (17.9722). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . USDTRY is in a range bound, and the beginning of an uptrend is expected. . The price is above the 21-Day WEMA, which acts as a dynamic support. . The RSI is at 67. Take Profits: TP1= @ 18.5000 TP2= @ 19.0000 TP3= @ 19.5000 TP4= @ 20.0000 TP5= @ 20.5000 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex / Crypto trader ? Now, It's your turn ! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️ Longby ForecastCity228
USDTRY 4H (Broke the strong resistance wall)the price broke the strong resistance wall so now will try to reverse near 17.97 and then will try to reach 18.24 is the highest of the USDTRY ===== USDTRY tendency upward Entry: above 17.96 TP: 18.04 & 18.100 & 18.240 sl.: 17.5900 risk 2.0% Longby SroshMayi4413
USD/TRY now looks to the CBRTUSD/TRY now looks to the CBRT - USDS/TRY clinches the second session in a row with gains on the back of the continuation of the bid bias in the greenback, always amidst persistent risk-off tone and helped further by rising US yields. - In the meantime, the lira is expected to remain under scrutiny ahead of the interest rate decision by the Turkish central bank (CBRT) later in the week. Consensus among investors, however, sees the central bank staying on the sidelines and keeping the One-Week Repo Rate unchanged at 14.00%. What to look for around TRY - The upside bias in USD/TRY remains unchanged and stays on course to revisit the key 18.00 zone. - In the meantime, the lira’s price action is expected to keep gyrating around the performance of energy and commodity prices - which are directly correlated to developments from the war in Ukraine - the broad risk appetite trends and the Fed’s rate path in the next months. - Extra risks facing the Turkish currency also come from the domestic backyard, as inflation gives no signs of abating (despite rising less than forecast in July), real interest rates remain entrenched in negative figures and the political pressure to keep the CBRT biased towards low interest rates remains omnipresent. In addition, there seems to be no Plan B to attract foreign currency in a context where the country’s FX reserves dwindle by the day. *Key events in Türkiye this week: Budget Balance (Monday) – CBRT Interest Rate Decision (Thursday). Eminent issues on the back boiler: FX intervention by the CBRT. Progress (or lack of it) of the government’s new scheme oriented to support the lira via protected time deposits. Constant government pressure on the CBRT vs. bank’s credibility/independence. Bouts of geopolitical concerns. Structural reforms. Presidential/Parliamentary elections in June 23. USD/TRY key levels - So far, the pair is gaining 0.13% at 17.9604 and faces the immediate target at 17.9874 (2022 high August 3) seconded by 18.2582 (all-time high December 20) and then 19.00 (round level). On the other hand, a breach of 17.1903 (weekly low July 15) would pave the way for 16.3438 (100-day SMA) and finally 16.0365 (monthly low June 27). - USD/TRY adds to Monday’s gains near the 18.00 mark. - The current consolidation remains capped by 18.00. - The CBRT is expected to keep the current status quo. The lira depreciates further and motivates USD/TRY to once again challenge the upper end of the current range just below the 18.00 yardstick on Tuesday.by AliSamadiTR3
USDTRY-SELL MTThe pair is very overbought and now we got a negative stoch RSI suggesting we have a start of a corrective pattern. The lower end of the upward sloping channel is 14.2600 and the top above 18.6200. The strategy is unchanged and we should see lower levels in the medium-term. I feel long-term 11.50 possible, based on the long-term overbought state. However, we understand it is a managed float and it may be a slow move, unless some unexpected news like we had last december. Shortby peterbokma445
USDTRY-SELL MTThe pair is as usual not moving much and this is the behavior of a managed float and costly exercise for the authorities. The over all picture is, we may see little higher at first, i.e. 18.50-19.00 to satisfy the lower RSI and higher high scenario of negative divergence. Overall, I would prefer short and maintain it and add at certain selected intervals. The likely event is for a decline medium-term, and long-term to an objective of 11.50 (slightly adjust now). Shortby peterbokma442
US Dollar / Turkish Lira I hope prices gonna down to bearish trend if they are down take a short Position(Take your own Risk)....Shortby Love_change_your_mind2210
USDTRY 4H (uptrend) MORE! USDTRY tendency upward Entry: above 17.790 TP: 18.04 & 18.100 & 18.240 sl.: 17.5900 risk 2.0%Longby SroshMayi1114
USDTRY | ABCD Chart PatternBearish AB=CD pattern is formed on currency pair USDTRY 4hr frame and now the trend will be reversed from D to bearish pattern . by mashhood4874