Usdtryshort
USDTRY can be a little quiet...USDTRY can be a little quiet. The exchange rate has the potential to create a decreasing triple wave structure. It is currently heading towards the end of the first wave structure. The triple wave structure clamping axes can be formed by 2 ATR axes and two wave axes. Along the four boundaries, we expect the formation of a decreasing wave structure. 5,733 target price.
5,42 might be the short, even mid term topMost Possible Scenario for the short-medium term
We are out of Bollinger bands , the USD/TRY overperformance might be over for some time.
Probably a short to medium term top. USD needs to consolidate before continue the bull run.
In the mean time, BIST 100 , while USD is resting will try to push for 100.000 level as a first step. Turkish manipulators will use that consolidation period to push the prices up by using the same reason why it was sold off. Cheaper TRY attracting new investors to BIST. Use the wave but never believe their bullshit
PRESSURED TRY SEARCHING A HOLE TO BREATHEExotic currency to watch for ---> South African rand USDSAR, Mexican Peso USDMXN and Turkish lira USDTRY
TRY is heading the record highs following shaky political situation in Turkey. President of Turkey is expected to put pressure on Central Bank and supply cheap USD to let sinking TRY breathe!
Long term bullish on USDTRY but we might see a retrace from higher levels
Watching the action and getting ready to short!
SHORT OPPORTUNITYI told you on the LONG trade to close or at least reduce position at 4.75 and I was thinking about opening a short at that stage as it was struggling at that resistance.
It seem to be now at the top of a consolidation channel. We have a few signs of the price heading south the EMA cross over, volume decline, RSI cross over and the consolidation channel forming along with the bull failing to break the last resistance. BUT we also have an hidden bullish RSI divergence. I will wait for a full cross over of the EMA, probably on the 4H to enter the short. RR ain't too bad but again I might be wrong so keep the negativity out please.
Trade Safe!!
USDTRY , Prising of Results After Turkey's central bank to raise interest rates, I think this will continue to decline as the impact on the pair. but I think that this decline is not permanent. election shall be held in Turkey on June 24. I estimate that the price of the dollar will be 4.40 Turkish liras until this date.
IT IS NOT A INVESTMENT ADVICE !!!
USDTRY : (UPDATE) Falling will seems to continue for a whileThis chart is an update to the USDTRY analysis below dated May 28, 2018.
As you can see in the H3 chart, falling will seems to continue for a while.
The target price is primarily 4.41xx and then 4.37xx
It is necessary to pass the 5.50 for rising trend again
***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***
I'm sorry for the impaired expression..Just watch the chart, not what I write. :)
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USDTRY : Falling will seems to continue for a while (May 28, 2018)