The exchange builds on the last falling fractal wave structure. At the beginning of next week, it is advisable to take a long position. The yellow rectangle indicates the end of the correction movement and the area of decelerating motion. In the event that the exchange rate in this area continues to accelerate with momentum, this analysis is meaningless....
The exchange builds on a declining double wave structure. I assume that this wave can move down from the structure with an accelerating moment. For this declining wave structure, the target price is 74.86 usd.
I'm waiting for a fractal impulse wave in the exchange rate. The development of the same size as the previous fractal helps to build. This is shown as a percentage in the figure. We use the percentage measurement because the vertical scale is in linear mode. This is a basic rule. The pulse wave target price is 0.8786 usd.
According to the previous analysis, the exchange rate may start to rise. Initially, the rise could be a 67% technical rise. The rise target price is 0.1278 usd.
The exchange rate can build a double rising wave structure. Its target price is 3.8USD. The first wave of the exchange rate can start from the ATR axis.
The exchange rate moves according to the previous analysis. He is currently building a triple wave structure. The target price can be 4.74 usd.
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 index can be made for corrective motion. This movement is waiting in the short term within a day or two. Then a permanent rise can be made.
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.
The exchange rate moves along an ATR axis. A reverse fractal structure builds on this axis. The target price is 1.41 usd. The current 10% drop is therefore not surprising.
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...