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Usdtrybuy

USDTRY- BUY strategyThe market was extremely quiet, and that always makes it difficult to chose a side. Even when we have moved from 13.80 area, the market so far remains non committal to a decisive move downwards. The rumors being government intervention behind the move, and fundamentally economist still worrying strongly about inflationary pressures. Short-term market is mixed, but only long-term conditions are very overbought, but suspect we see higher first, The short-term technical picture still suggest upside potential. The MA-10 vs. MA-30 still positive, and the stochastic albeit negative seems to point upwards. We have supports below 12.30 and next 11.30, and resistance 14.08 - 14.25 and then 16.30. I remain being long 13.50-13.90 (and below) but placing stop below 12.30 for now and profit objective 16.00.
Long
by peterbokma
6
USDTRY-BUY strategyThe market is non-moving till now, and there seems to be a clear balance between BEARS and BULLS. The MA-10 vs MA-30 has crossed positive, and usually this suggest up move is imminent. The regression channel has clear defined points, and 14.16 mid-point, and support 12.36 area and a top above 15.00s. Due to the lack of movement waiting is the greatest enemy. However, we have BUY signal now, and stochastic (not shown) is negative in fact, This means buying should be between current 13.75- 13.25 and place stop below 12.36. Profit somewhere above 15.00.
Long
by peterbokma
3
USDTRY-BUY strategyThe slow movement any direction is of concern to me. I abort my SELL strategy view, as the daily chart MACD is positive now, and the 10-MA vs 30-MA looks turning upwards. It feel we see above 14.2500 > 15.50. For give me for the change in view, but I always state my opinion as per the presented conditions. The market is right no in now mans land, and since we have not see a down move, as it should have, the likely move is upwards now based on the MACD. Strategy BUY current 13.25-13.80 for a move towards 15.50. Stop-loss 12.40.
Long
by peterbokma
10
USDTRY-BUY strategyThe currency pair seems a little more settled now. The GANN support 10.97 and resistance 13.50 is our defined playing field for now. The stochastic turns positive, and looking at correction I feel we may start looking at long position with a stop below $ 10.50. We will likely return $ 13.50-13.75 > 15.50. Strategy BUY 11.25 - 12.00 and take profit 13.50 > 13.75 with stop-loss 10.50. No doubt it will be a wild ride, so play safe and very small. Long-term SELL at 13.50-15.00 no change in view and take profit below 10.00.
Long
by peterbokma
10
USDTRY-careful BUY strategyWell, unexpected move down for many in USDTRY based on Erdogan's financial alternatives to protect savings of Turkish Lira depositers and other measures. Trimming or going long with tight stop at $ 13.00 for re-sell $ 15.25. the monthly chart has not released enough pressure, whilst daily-chart has. GAN N support is around 13.00 area. resistance above 14.00, but noting we may correct the large decline a bit. Strategy is careful long with a re-sell objective $ 15.00. Ultimately we will go 11.25 > 10.35. No change over all, but it has helped big time and the drop has shown that gravity eventually will assist in decline. The policy will suuport Turkish Lira if it can be financially managed by their government.
Long
by peterbokma
4
💡Don't miss the great buy opportunity in USDTRYTrading suggestion: ". There is a possibility of temporary retracement to the suggested support line (8.3133). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . USDTRY is in a range bound, and the beginning of an uptrend is expected. . The price is below the 21-Day WEMA, which acts as a dynamic resistance. . The RSI is at 75. Take Profits: TP1= @ 8.4898 TP2= @ 8.5521 TP3= @ 8.6602 TP4= @ 8.7464 TP5= @ 8.8414 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex / Crypto trader? Now, It's your turn! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity_World
8
💡Don't miss the great buy opportunity in USDTRYTrading suggestion: ". There is a possibility of temporary retracement to the suggested support line (8.3133). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . USDTRY is in a range bound, and the beginning of an uptrend is expected. . The price is below the 21-Day WEMA, which acts as a dynamic resistance. . The RSI is at 75. Take Profits: TP1= @ 8.4898 TP2= @ 8.5521 TP3= @ 8.6602 TP4= @ 8.7464 TP5= @ 8.8414 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex / Crypto trader? Now, It's your turn! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity
4
💡Don't miss the great buy opportunity in USDTRYTrading suggestion: ". There is a possibility of temporary retracement to the suggested support line (8.6470). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . USDTRY is in a range bound, and the beginning of an uptrend is expected. . The price is above the 21-Day WEMA, which acts as a dynamic support. . The RSI is at 51. Take Profits: TP1= @ 8.7468 TP2= @ 8.7942 TP3= @ 8.9505 TP4= @ 9.1263 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your support is very much 🙏 appreciated!❤️ 💎 Want us to help you become a better Forex / Crypto trader? Now, It's your turn! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity_World
15
💡Don't miss the great buy opportunity in USDTRYTrading suggestion: ". There is a possibility of temporary retracement to the suggested support line (8.6470). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . USDTRY is in a range bound, and the beginning of an uptrend is expected. . The price is above the 21-Day WEMA, which acts as a dynamic support. . The RSI is at 51. Take Profits: TP1= @ 8.7468 TP2= @ 8.7942 TP3= @ 8.9505 TP4= @ 9.1263 SL= Break below S2 ❤️ If you find this helpful and want more FREE forecasts in TradingView . . . . . Please show your support back, . . . . . . . . Hit the 👍 LIKE button, . . . . . . . . . . Drop some feedback below in the comment! ❤️ Your support is very much 🙏 appreciated! ❤️ 💎 Want us to help you become a better Forex / Crypto trader ? Now, It's your turn ! Be sure to leave a comment; let us know how you see this opportunity and forecast. Trade well, ❤️ ForecastCity English Support Team ❤️
Long
by ForecastCity
6