Pattern: Channel Down on 1D within a long term (1.5 years) Channel Up. Signal: Bearish as long as the price is trading (even if it breaks and later comes back in) within the Channel Down (dashed lines). No trade within the Red Triangle Zone. Bullish if the Higher High trend-line of the Channel Up breaks. Target: The 1D MA200. ** Please support this idea with...
Hey, I am back with another Forex idea as I said, that I will deliver a one Forex Idea every working day. Let's get into chart. Basically USD/TRY has printed a rising wedge which is considered as bearish pattern and is expecting the price to see a spike down. RSI has also printed a bear flag, overall this seems like a good trade. Don't forget to follow me, to...
USDTRY is a clear buy after NFP news impacted on Friday with a strong uptrend. This should rally up high through the rest of the upcoming week. TP: 6.800+
Trading suggestion: . There is a possibility of temporary retracement to suggested support line (7.4706). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . EURTRY is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic...
Swings and position building We have witnessed a tremendous amount of profit taking after clearing the 7.23 targets in USDTRY and are arriving back into major support territory. The pick-up in local activity was notable as banks were forced to defend the TRY. Many clients I speak to are happy to continue buying USDTRY , the picture looks gloomy for Turkey and...
Hey, I am back with another idea, this time looking at Forex pair of USD/TRY USD/TRY pair has been spotted in a bear flag, which is considered as bearish formation, strong in downtrend and also as the EMA's are getting tighter, there is move likely to happen soon at this level. I would short this pair at the resistance area. Have a good luck with trading, don't...
About Trias TRIAS aims to create a new-generation public chain that will support the execution of general-purpose native-applications on all platforms. Source: Coinmarketcap.com Website: www.trias.one --------- Trias (TRYBTC) made a strong move yesterday growing over 180%. Resistance was found at EMA200 and prices are starting to retrace. We are likely to...
All eyes on risk markets and the recent rebound reaching its final stages of exhaustion. USDTRY not giving any gains back, continuing to attack the 7.00 important psychological resistance. Buyers calmly finishing their preparations for an appropriate welcome of the next risk headline, while local banks try everything they can to defend. Happy to sit long...
Not trading advice in any way. Falling wedge, sellinc climax, big wick trying to form a hammer. Macro for USD is stronger compared to TRY.
Note USDTRY's 92 percent negative correlation with Crude Oil on weekly. Crude oil needs to to trend up for USDTRY to fall. Long terms trends seem to be effected by Crude Oil, as is the case with Mexican Peso and Thai Bath with which heavily Lira correlates (90 and 88 percent). It also has 97 positive correlation with the Natural Gas (XNGUSD) on 4 hrs. Price...
Alternative 1) If it sees around 7.10 (green area) and turns up and remains on the red line (7.90), the rise started. Alternative 2) If it drops below 7.00, it starts to see around 6.50 (pink area) and rise. Red resistance is also important in this. Red must be crossed for real rise. Alternative 3) It cannot fall in the 1st pink area and falls to around 5.00 (2nd...
TRY Has stabilized fundamentally and we have also technical support by pattern Sperandeo. First trendline is crossed, now target is T1 Trendline as first strong support.
Looking at the daily chart we may expect a decrease to the support line. If it doesn't break down from the support line we may reenter.
Break time for TRY. Expecting short correction to 6.8000 until June, due to quarantine off and internal tourism. Pattern Speranteo is crutial to follwo in 2020. Sperandeo with T1, T2, T3 and T4
As I told you. This target was posted 2 months ago !
In my previous analysis, I said that the dollar will rise above 7 TRY and we are on the target now. We will see higher prices, my next target is 7.60 levels for the long term.