USDTRY
US10Y- Upper Range - 12:58:32 (UTC) Wed Apr 8, 2020US10Y- Upper Range
- 12:58:32 (UTC) Wed Apr 8, 2020
USDTRY Hello friends, I wish you all the best.
I see the dollar as the 6.93 critical place.
It is useful to be careful that it can throw 7.04 needles and close below 6.93.
If closing above 6.93 comes, there is a possibility of going up to 7.36.
This analysis is not investment advice.
If my sharing has helped you and has an idea, you can like and support it.
USDTRY Potential Bearish MovementUSDTRY Potential Bearish Movement
we are waiting for a momentum candle close below 6.690 to sell this one
Reason:
1- Regular Bearish Divergence on MACD (in red)
2- Objective Channel (in blue)
3- All-Time-High
Three confluences are enough to consider Selling USDTRY, after a break below 6.690 (in gray)
*meanwhile, this pair is overall bullish, until an objective sell setup is activated
USDTRYApproaching the 1.236 extension. A dangerous pair to short, however, it is counting out like we should have a reaction from this fib level. Looking for the creation of an ending diagonal of one, or possibly 2 degrees. Potentially a larger correction down, so depending on position and price action, u might want to let some run.
Tradtional market analysis 1 (Metals + Forex)Gold, Silver, USDMXN, USDZAR, USDTRY, EURUSD
Talking about Central bank action, state of economies, the USD shortage and all the technical around it
ridethepig | Squeeze!Recognise that this demand for USD is squeezing USDTRY into the secondary macro swing targets at 6.60xx. This is completely inline with the forecasts and all those in leveraged positions are inclined to take profits. We are not out of the woods (yet) and large hands will continue to buy dips in USDTRY as long as we remain in risk-off flows.
As widely mentioned "local banks will come under pressure and show severe distress above 7" ...increasingly this is becoming the target as weak fundamentals and dictators limit ability to invest in the currency. Expect some consolidation over the coming days before further funding issues add upward pressure via USD demand.
Good luck all those buying the dips, highly recommend tracking TRY as a good benchmark to health in EM FX. Thanks for keeping the support coming with likes, as usual jump into the comments with your charts, view and etc!
The nonsensical USD Rally is Finally overForget the rush to safety, the USD will break. It has to break because the whole world depends on it for liquidity. The greenback must crash as a #coronavirus safety valve.
TRY averaging with positive swaps. Short the double bar bear reversal pattern with high trading volumes until it breaks!
USDTRY 4H Sell USDTRY 4H Sell and Buy Setup
Short idea:
TP1: 6.55400 6,54000
TP2: 6.44000-6.45000
This is not investment advice
Obviously I do not use sl , adjust according to your own account
The Turkish lira remains highly vulnerable against the US dollarThe Turkish lira remains highly vulnerable against the US dollar as it’s seen faltering in the USDTRY foreign exchange rate. Looking at the chart, it’s evident that bulls have this in control as the 200-day moving average is left in the dust by the rallying 50-day moving average, indicating a strong upward trajectory. In Turkey, the president has finally imposed stricter restrictions such as banning all international flights, prohibiting traveling from city to city through public transportation and closing public places. The decision comes after a Turkish official said that the Turkish economy will be one of the less damaged economies due to the pandemic. The tougher restrictions will definitely immobilize the economy as everything halts. However, such measures are deemed appropriate to help contain the virus and flatten the curb. And as for the dollar, it’s uncertain whether it could break its resistance as more turbulence comes ahead for the buck.
USDTRY updated mapThe pair followed the world as DXY has crossed beyond the 100 and EM currencies couldn't resist global dollar demand.
So, it's time to update the labels.
We are in yellow wave Y already and it reached the equal distance of wave W. Potentially it could tag the former top at 7.0830
where Y will be equal to 1.618 of W.
This will complete the wave X (white labels).
Then another drop of the dollar could start.
Dolar. USDTRYDolar bu hafta üst kanal direncini zorluyor. Virüs ile ilgili çalışmalar yön belirleyici olabilir.
millions #USDT transferred to exchange --> buy whale!!Whales on way to re trend the btc.
some usdt transactions done now. ----> on way to btc.
millions from usdt to exchange.
---> its about more M-- amounts.
.......................
the chart update will be at 6.7
USDTRY above key level,BUY on pullback to All Time High...Please Support this Idea with LIKE if it is Useful....
USDTRY
The price is above key support/resistance level,previously the level acted as a strong support for the price,wait for the price to make a pullback or retest the level and if price gives any bullish signal,look for buy opportunity
For Entry:
Wait for the formation of Bullish Candlestick Pattern to close on 4hr timeframe for confirmation to Buy..
Trade it with proper Sl..
Take Entry only after price gives Bullish signals..
Push LIKE & SUPPORT the Idea...
*The content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
Best opportunity for USDTRY LongConsidering the up trend of Dollar index, we can expect a huge increase in USDTRY in mid-term.
