This pair has been trading on a very long term 1M Channel Down (RSI = 31.162, MACD = -4.539, Highs/Lows = -2.4883, B/BP = -6.1380) since December 2014. The 1W bullish sequence is approaching the 22.300 - 23.450 Resistance zone, which is a Lower High mark on the monthly Channel Down, hence the most optimal short entry. TP = 11.900. ** If you like our free...
I think it will hit upper trend line until this november.
On the left we can see a big bull flag and the wedge i have drawn as well, both of them failed. Now we have a smaller bullish wedge in the making, could also fail but the RR is way to good to ignore this one. I am trying half here at the low and the second half when it break the wedge.
Midterm forecast: There is no trend in the market and the price is in a range bound, but we forecast an uptrend wave above 5.0000 would begin in Midterm. We will close our open trades, if the Midterm level 5.0000 is broken. Technical analysis: While the RSI downtrend #1 is not broken, bearish wave in price would continue. Price is below WEMA21, if price...
Midterm forecast: There is no trend in the market and the price is in a range bound, but we forecast an uptrend wave above 5.0000 would begin in Midterm. We will close our open trades, if the Midterm level 5.0000 is broken. Technical analysis: While the RSI downtrend #1 is not broken, bearish wave in price would continue. Price is below WEMA21, if price...
The EUR/TRY currency pair breached the falling wedge south. The rate has been trading south and reached the psychological level at 6.25. Given that the exchange rate is pressured by the 55-, 100– and 200-hour SMAs, the general direction is expected to remain south within the scope of the next week. It is likely that this decline is bounded in a descending...
TURKISH LIRA TRY (TL) CONTINUES TO RISE AGAINST USD DOLLARS
Let me present: the Turkish Lira carry trade. Erdogan is a nice guy giving us free money if we invest in his dead currency. There is probably bullish divergence here so I would wait either for resistance to get hit, or a break down, maybe an inside bar, anything to get that juicy juicy trade. Against the euro the rate is even higher I did not check with every...
USDTRY will be making running or expanding flat for the X wave in WXY combo. Looking for longs for the C leg of the flat. We have impulse and correction, watch for breakout to long.
The previous forecast worked, and the TRY/JPY currency pair continued to trade in a short-term ascending channel. As apparent on the chart, the exchange rate is supported by the 55-, 100– and 200-hour SMAs near the 19.80 mark. It is expected that the pair surges towards the resistance cluster formed by a combination of the weekly R3 and the monthly R2 in the...
If green trendline holds, we will never see 5.50 levels ever in USDTRY. This is a long term buying opportunity. If green line fails, stop and watch the market until it gets backup again.
As we posted last week, USD-TRY prise sharply crossed 5.6000 level, now trading around 5.7640 We think that before TCMB meeting price will be above our 5.7760 (R1) target, as we mentioned before 25 october is important to make longer term forecast. But it must be mentioned that USD is advancing versus major currencies from monday, so the price of Lira dropped...
As we posted last week, USD-TRY prise sharply crossed 5.6000 level, now trading around 5.7640 We think that before TCMB meeting price will be above our 5.7760 (R1) target, as we mentioned before 25 october is important to make longer term forecast. But it must be mentioned that USD is advancing versus major currencies from monday, so the price of Lira dropped...
As we posted last week, USD-TRY prise sharply crossed 5.6000 level, now trading around 5.7640 We think that before TCMB meeting price will be above our 5.7760 (R1) target, as we mentioned before 25 october is important to make longer term forecast. But it must be mentioned that USD is advancing versus major currencies from monday, so the price of Lira dropped...
Some significant trades by Yekturus Strategy on TRYUSD. Yekturus Strategy Page: Disclaimer: This strategy is for information purposes only. It is not intended to be investment advice.