USD-TRY
possible movement of USDTRY in the coming weekbreaking the line above, will take the usdtry till 3.54 and it would be resistance, probably bearish move will start till 3.47 , if this senaryo not happen USDTRY is likely to move up till 3.60 - 3.70
USDTRY Setting Lower Lows, 61.8% Retracement CompleteCan we expect more decline from this point? I believe so and here is why:
Since it reached all time high, USDTRY was unable to continue that trend and started making lower lows if you look at the 1h graph.
First real decrease happened in the previous few days and 61.8% retrace was completed with the pair unable to continue higher.
RSI bearish, MACD pointing down.
In the short run, traders can benefit from short selling USDTRY.
In the long run, however, I still stick to my idea of an inflationary dollar (ex. EUR/USD going to parity, even lower, USD is to be inflationary and we might see appreciation due to avoiding capital outflows, high bond prices and worryingly low bond yields).
Good luck!
USDTRY Need To Be rest Right Now!We Know The TRY Go to an unknown location ,, So i Think This week will go Down to Demond Zone or Break it ,, So if You See Price Action its your call ... good luck .
Usdtry Long on major support Looks good right now as holding here for a very long time and in my opinion i should buy it right away.
Usdtry Price Quote
Trade Safe
Regards MJ
IT WILL GOLDEN CROSS IF GOES UP..PAIR TAKING SUPPORT FROM 50 DAY MOVING AVERAGE AND NOW NEAR 200 DAY AVERAGE.
UNLESS 50 DAY BREACHED
TIME TO LONG THE PAIR I GUESS..
CLOSING SHORT POSITIONS AND START LOOKING UPWITH THE POLITICAL AND ECONOMICAL CAUSES I THINK PAIR WILL GO UP.
USDTRY Fibonacci Channel Idea.Possible Fibonacci Channel in which the price is about to clash with support. Incase of a break under 2.88, it would be unwise to hold a long possition until proper support were to be met
USDTRY 4H SELL AND BUY SETUP POSSIBLE GARTLEY PATTERNUSDTRY 4H SELL AND BUY SETUP POSSIBLE GARTLEY PATTERN
USDTRY Hitting Support? Reversal Pattern for next week?I believe that USDTRY will remain strong and most likely will go back to an uptrend next week...
USDTRY: Will Long Support Result In New Heights?USDTRY is nearing Large Supports (2.91 - 2.88) and Resistances (3.00 and 3.06). It is inevitable that it will eventually break out, but to which direction? USDTRY has been in a Longterm Uptrend for years now, and if the support is broken, it may jeopardize this trend and lead to the downfall of this currency pair. I believe that gramci_2's Pitchfork concept may hold to be true and that the midterm uptrend channel ( invst.ly ) may remain strong, but in case of a breakout, it is destined to meet with Long Support. If this Support is to hold, it may result in a similar movement of last month unless the 3.06 resistance breaks (see Elliott Pattern). Else, if the support will break, I believe it will translate to a downtrend for USDTRY. Do you agree?
