LONG ON DAILY CLOSE ABOVE 11.62If you check my last post about $ TRY , You will see my chart works exactly. Now I am following to close daily over 11.62 If it happens I will be long on this pair. Good LuckLongby whittier10102
Monitoringweekly usdtry smashed through green resistance, 9.58 nearest support, after that 8.85 8.25 7 rsi still above 50by donald_dblrumphf4
USDTRY1st Target 18.03 2nd Target 18.55 This is my prediction for all people interested in lira Turkey Longby badrdinefxUpdated 443
USDTRY 4H (trying to down)US dollar Vs Turkish -lira, now after dropped, I expect will try to get more down still 9.88 and then again try to upward. —- Tendency: downward Target: 9.88 —————————————- Then strong upwardShortby SroshMayi3311
USDTRY rising wedge and negative divergenceNegative divergence is observed since volume has not yet accompanied the upward movement in the currency. In this case, it will either be accompanied by an increase in volume or the weakening in the bullish stance which will potentially cause a broken trend. Rising wedge pattern is considered as one of the bearish reversal indicators. As the formation target, a reversal can be expected as much as the difference between the lower channel and the upper channel. In our example, the reversal potential is approximately 2.8 ₺ from the point where the channel breaks down.Shortby sonersterUpdated 2
Target 16.23Following daily chart. It's a great area to buy again. TP 16.23 SL 9.5 area I am suggesting in spot since there are lots of volatility Longby omurden224
USDTRY BUY AT 9,5USDTR buy level around 9 - 9,5 ------------------- Not a investment advice, just my idea.Longby gezengelsaft332
USDTRY- BUY strategyNo change in view. I think we have reasonable chance recovering back 12.75-13.50 short-term. The support 10.72 looks solid enough, and therefore buy strategy 11.50-12.00 still unchanged. Stop-loss if wished for 10.35 for now. Longby peterbokma775
USDTRY- 23Dec2021USDTRY- 23Dec2021 On the H4 timeframe, price is still around 1st Support area at 11.5450. As long as price maintain above this level, we could expect a short-term bounce to 1st Resistance at 14.660. Also noting that both RSI and Stochastic is also at support where previous bounces occurred. This is for personal record purposes only, not financial advise or solicitation of trade.Longby TTMFS223
"Dollar always see its top" (unfortunately)It's too early to analyse USDTRY but, there is a saying in Turkey such as "Dollar always see its top". Some may consider this levels (12 - 13) see as buying opportunity (even though government issued free dollar option). Longby fatihf996
USDTRYHello and welcome traders to another trade idea Keep in mind that the analysis provided is not 100% accurate and that you can never be certain with the markets. This information given is not financial advice, always do your own research.Longby HAMSHFX335
ErdoğancoinHigh volatility. un-orthoheterodhomodox economic policis. There are 2 facts, 1) Wolf survives the winter but dont forget the frost... SO, USDTRY will hit the ATH again. Trend never surprise. 2)USDTRY never goes below 200 MA.Longby BatuMeftun663
think<observe<decidewe should not be worry because of the new, chart is telling us every thing if it will go down we knew where we can buy m if it will go up we know where we will sell step by stepShortby MohamadyaserUpdated 4
NARROW AREA TO MOVEwe dont have too much to do now < slowly movement < high spread < the last month of the year and next week also last week > usually the price take a rest if there is no new strong news Shortby Mohamadyaser221
usd/tryUSD/TRY de çizdiğim mavi çizgi yükseliş kanal desteğini kırarsa fib seviyelerini takib edebilir YTD by noob_trader351
Turkish Lira vs BitcoinBoth charts present relation to a U.S. Dollar over the (long term) course of approximately 10 years. Only Imagine the BTC perspective of a Turkish investor. Now this is just an observation and no advice is here given, I am just amazed how government-backed currency fails towards the fascinating concept of Satoshi Nakamoto. Come and tell me #BTC doesn't work - let's laugh together.by crypto_poet3
Lira Explodes, USD Dominates the Foreign Exchange MarketWe mainly viewed the change in the vector of monetary policy in the United States through the prism of the US stock market. But if someone loses, then someone should also win. And that someone is the US dollar. In general, 2021 turned out to be successful for the American currency: the dollar strengthened against all the currencies of the G-10 countries. At the same time, in our opinion, the growth potential has not yet been fully exhausted. In the context of interest rate differentials, its further growth against the New Zealand dollar or the same pound does not look as unambiguous as, for example, against the euro or the Japanese yen. The sale of the Turkish lira looks quite promising after its epic growth at the start of this week. Let us remind you that the economic insanity of Erdogan this year cost the lira very dearly: the currency has depreciated threefold. The sharp rise on Monday is associated with the announcement by the President of Turkey of unprecedented measures to support the national currency. For example, the country's government will reimburse the owners of bank deposits in lira if the Turkish currency falls in price by an amount that exceeds the interest on deposits. In addition, the tax rate on investments in bonds denominated in lira will be reduced from 10% to 0%. And, of course, inflation will decrease in a few months. All this, of course, is great, but how the bloodless Turkish economy will pay for these and other initiatives is not very clear. But it is clear that there is no trust in the lira and will not exist until Erdogan reads at least a couple of basic textbooks on economics. The energy crisis continues in the meantime. Gas prices in Europe have renewed new records, surpassing 2000 per thousand cubic meters. For substitute goods, including oil, this is good news, but last time the rise in gas prices in the 2000 region in Europe was of an exclusively temporary nature, and in just a few days prices then collapsed by more than 50%. So you shouldn't rush to buy oil - on the contrary, its growth is a reason for more expensive sales.Longby Trade24Fx117
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. Longby peterbokma10108
USDTRY- 22Dec2021USDTRY- 22Dec2021 On the daily, price is at 1st Support from 50MA. We could expect a short-term bounce. On the H4 timeframe, price found support from 1st Support at 11.5450. With RSI and Stochastic at support, we could expect a short-term bounce to 1st Resistance at 14.6710. This is for personal record purposes only, not financial advise or solicitation of trade.Longby TTMFS2
Strange Times, I hope we will never see such extreme highs anymoStrange Times, I hope we will never see such extreme highs anymore and i hope this inverse flag pattern will work.by vgoktas111
USDTRY long trade Trading this long up to a 76 retracement if it continues to hold lows. May also trade it long for a big blow off top into a new high. Might short 76 retracement. Will make decision if we get there. If we do end up spiking into a really strong high, we will be shorting into the next rally. But that may require a bit of patience.Longby holeyprofit1
Turkish Lira is far from recovery. This is just a quick look at the USDTRY pair. I'm evaluating the recent recovery of the Turkish Lira versus the dollar from about 8.5 TL per dollar to 7.3 TL. In my estimation, this recovery has not shown enough strength to continue. We can see that as soon as it touched the bottom of the drawn curve, RSI has reached the bottom of its parallel channel. That's as far as this recovery will go. In fact, I think the next five years will see the USD appreciate against the TL by 150%, which is exactly as much as it has appreciated during the past five years. This will take it all the way up to 18TL by February 2026. This signal I consider strong enough to predict a complete reversal of this trend is significant RSI divergence, i.e., a higher high in price coinciding with a lower high in RSI. We have seen one instance of slight RSI divergence shown in the chart which has contributed to a recovery in August 2018 from 7.08 to 5.13 TL. That is 27.5% appreciation for the dollar. To imagine what a significant RSI divergence would look like, consider the most recent top on 2 Nov 2020. Look at the RSI level on that same day. We're looking for a higher top in price where RSI is significantly lower, ideally within the blue zone. That would be a strong signal for trend reversal. Another thing to notice is the blue zone and the ascending parallel channel. What's the meaning of the blue zone? When RSI climbs above it, the asset is said to be overbought. It means that price has went up too high too fast without enough real demand backing it up. However, that interpretation really depends on the parameter used. A better, easier and more reliable way to use RSI is to look for RSI divergence like I explained. That becomes even more relevant for this chart when you notice how RSI levels have been steadily climbing in the parallel channel shown. That means that the overbought zone becomes less and less significant as an indication. But it also means that TL recovery phases will be more and more volatile. Longby TechNerdOmarUpdated 5