I had to change the previous analysis. Because the circumstances have changed. Based on the current ATR data, I expect another rise in the exchange rate. The type and size of the wave structure may be similar to a previous (yellow rectangle) structure. The ratio of its price movement to the ATR is similar to the current wave structure. Therefore, the target price...
The exchange rate can now be a sideways movement. This is indicated by a yellow rectangle on the chart. My assumption is that the exchange rate may go down. This decreasing motion may take up to 7.82 usd.
The chart shows that the exchange rate can be made for a repeated impulse movement. The white thick line or its extension is the ATR axis of the exchange rate. I assume that an additional movement can build on this. If the theory is correct, the price rise target price is 0.9387 usd.
The primary target price is 0.6098 usd (14.41%) secondary target price 0.7680usd (32%). On the basis of the preliminary analysis, the exchange rate started to rise in a pulse wave. The rise can be fast and momentary. Therefore, I would not advise you to take short positions. Based on current data, I do not assume corrective movements.
The exchange rate could reach the bottom of the correction level. From the 1276usd level you can start rising again. I assume the ascent structure as an inverse of the previous waveform shown in the figure. In this case the target price can be 1310 usd.
USDTRY 2.5% band sideways. The exchange rate may begin to move in a descending speed band. I look forward to building the band within the yellow rectangle. Then I assume a stronger upward movement. The target price can be 6,3300usd. From the bottom of the bar, this is an increase of almost 11.56%. Up to one week short position can be taken from the current level...
The ATR's second ATR axis became flatter. Probably, this exchange rate axis may be the wave of the next wave motion wave. As shown. I assume the construction of the double wave structure is further. The target price is 14.31 usd.
The goal of the current exchange rate rise is 66.2 usd. Unlike the previous analysis, I put it slightly higher. Accordingly, I expect a reduction in correction motion of 58.7 usd. This is a nearly 11% decrease. If the predetermined movement occurs, then there is a high chance of a further rising wave system. The target price is 80USD. An additional increase of...
The exchange rate comes to the limit of 15% indicated in the previous analysis. From the 1.42 usd level, you can pick up a rising position. The rise can be determined by the fracture formed on the ATR axis. In my opinion, a reversed fractal wave can be built. The target price is 2.30 usd.
If we look at the graph of BPMX, it is obvious that the exchange rate moves with a falling ATR. Wave and fractal structures can be identified behind the decreasing ATR. Visible (yellow square) is currently the last wave structure. The next structure, assuming a fractal structure is built up, can be double. The figure shows that the decreasing ranges consisted of...
The exchange rate on the ATR axis (white dashed line) creates a fractal motion. Of course, due to the underlying wave structure, I expect an inverse appearance. The exchange rate target price is 12.81 usd.
The ATR axis of the exchange rate is shown in the analysis. The slope of the rising ATR axes is increasing, predicting an acceleration of the exchange rate. The current rising wave structure target price is 39 usd. I expect a correction from that level. To be continued.
Based on the previous analysis, the probable technical correction -8% also arrived exactly. It is therefore advisable to think about taking an additional long position. The exchange rate continues to inverse wave motion on the wave axis. If this is the case, the target price may be raised to 310 usd. A 13% increase from the current level.
I expect an additional rise. We can see the evolution of the inverse fractal outlined in the previous analyzes. It is worth trading in the future. I'm not changing the previous target prices either. In case the exchange rate changes, I analyze it again.