LETS SEE WHAT THE WEEK BRINGS!
All negatives are all most likely priced in already Notes: -Curently just below strong resistance -Mike Pence meeting with Turkish PM on Thursday so watch out -TCMB member recently noted that Inflation will most likely be overshooting until December - 7-8 December will be EU-Turkish economic cooperation meeting -VISA situation still not fully resolved -Good...
This graph analysis depends mostly on the technical side, what do you guys think?
After reaching its ultimate high of 3.9217 in January this year, USD/TRY was set for a price decline. This situation changed in early September when the pair reversed to the upside once again. Thus, an ascending wedge was formed. The rate was trading near its highest mark since January on Wednesday when it reversed from the 3.90 mark. During this movement, the...
Stop hunt monster took the first idea but it still went our way. Now the cool thing is shes on a down trend. If we get above the top stop hunt box great entry for a short at the trend line! Lets see if this US news pushes her to where she needs to be!
Well lets see how this plays out. This pair closed under its ADR. Im expecting to see some bounce back or complete crumble lol....
This should be an interesting week for the USD. lets see what she does!
Lets see what this pair has for us today. After asia session short spike london then sell off and NY buys it. Looks like a common pattern for this pair and USDTRY which identical buy this pair spikes higher! Now my gut says that may change. If it does drop will take it to the 200 ema for this confirmation and then hold until the 800 ema is within reach. Will see!...
WELL WELL WELL. The USD has some strength this week. Looks like this cross pair will follow USD/TRY to the heavens. I previously had the this pegged to go short. It fell to the 50 ema on the 15 min chart and then just took off! Lol.
Following a massive upward leap of the USD/TRY exchange rate late in October 8, the rate has retreated slightly, thus standing near the 3.67 mark early on Friday. This downward-sloping movement has formed a falling wedge in the bounds of which the US Dollar is trading in a short-term channel up. The rate has diminished its trading range and is currently located...
i think the cypher pattern has began to form on TRYUSD market i have started a trade at 3.62 and waiting for next week as i think it will bearish till 3.58 and ultimately to 3.54 will update you
USD/TRY was trading in a short-term ascending channel prior to breaching this pattern on Tuesday. This breakout south should point to a possible price decline in the upcoming trading sessions. The pair falling below the 55– and 100-hour SMAs adds some ground to the bearish sentiment. Meanwhile, the pair is currently trading in a symmetrical triangle which has...
keep your eyes open for a break through support and trendline here for a possible short trade... but keep in mind we need a break n close of h4 candle ... be aware of a bounce from support and continuation to the upside .. letz wait ,see and react
The bearish sentiment that had dominated the market since early August was reversed last week when the US Dollar started to appreciate against the Turkish Lira. As a result, a short-term ascending wedge was formed. Trend indicators suggest that the up-trend is still solid; however, other types of indicators favour a possible downside momentum. In case it is only...
The recent depreciation of the US Dollar against the Turkish Lira has confined the rate in a short-term descending channel. For most of the time, the rate remained in the upper part of the given pattern until Friday when a speech of the Fed Chair Yellen resulted in a plunge for the American currency. The pair has since returned in the middle of the pattern and...
Risk Disclaimer: This post is not a trade signal. Trading Forex is highly speculative and carries a high level of risk. It is possible to lose all your capital. These products may not be suitable for everyone and you should ensure that you understand the risks involved. Seek independent advice if necessary.
USDTRY possible road map in short term