The Greenback has been depreciating against the Turkish Lira in a short-term channel down. The last two waves up, however, failed to form a movement upwards, resulting in a consolidation period. The rate tested the upper channel boundary mid-session and has since moved lower. However, given the direction of this wave, it may still re-test the given line in...
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breaking 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
Can 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...
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 .
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
extremme buy level macd short time...
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..
WITH THE POLITICAL AND ECONOMICAL CAUSES I THINK PAIR WILL GO UP.
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 PATTERN
I believe that USDTRY will remain strong and most likely will go back to an uptrend next week...