USDTRY trade ideas
USDTRY analiz💰Fxone4all 💰FOREX💰,
🔴USDTRY (short )
Sell limit : 13.7/ 13.9
🔸TARGET💰
🔹 12.5
🔹 11.5
🔹 10.05
🛑 STOP LOSE : 15
USDTRY- 07Dec2021USDTRY- 07Dec2021
On the H4 timeframe, prices are consolidating near the ATH. With RSI forming negative bearish divergence, we could potentially see a last impulsive move to Elliot Wave 5 at 1st Resistance 14.4735 before reversing.
This is for personal record purposes only, not financial advise or solicitation of trade.
USDTRY - CONTINUE SELL USDTRY continues to be my favorite sell strategy.
Top is likely to be confined at 14.0500 and objective medium-term still 10.05-10.38.
USDTRY- 06Dec2021USDTRY- 06Dec2021
On the weekly, there is a 3 white soldiers formation. Price could certainly pause for a breather this week.
On the H4 timeframe, RSI is already forming negative bearish divergence thus prices could catch a breather this week. Keeping also in mind that prices also have the possibility to surge up to weekly time frame Elliot Wave 5 target at 14.385.
This is for personal record purposes only, not financial advise or solicitation of trade.
USDTRYHello and welcome traders to another trade idea
USDTRY LONG
The main targets in the event of stability above 13.845
First coin target 14,439
2nd coin target 15.04
3rd Coin Target 16.298
Comment: If the uptrend breaks the targets that can be tested
12.69
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.
lirai still think lira can be worth less against the dollar in near future.
for now we will have a little price correction
Update: TRY Short - Incoming Hyperinflation & Eurobonds DefaultsSUMMARY: Short, economic damage to the Turkish economy is going to be severe; its' citizens will become poorer via wealth destruction and purchasing power erosion.
Turkey is slashing rates in the face of rising inflation – which only developed economies can, while not understanding “transitory”. As the lira collapses against the Dollar, Ankara seems to be sending the signal this FX metric does not matter. If it is wrong, the consequences will be painful: hyperinflation is mentioned in a far from unconnected economy. Yet if it is right, the message for the US ought to be clear: and Turkey is extremely important in geostrategic terms.
Erdogan's obsession with low interest rates will crush the FX rate and make imports unaffordable: such as Oil, Gas, advance intermediaries not made in Turkey.
Also, Erdogan & Turkey has pursue multiple overseas expansionist Foreign Policy campaigns in "all directions" which has drained Turkey's resources. Chances of additional funding/finance life-lines from China and Qatar may not be big enough, or available, to steady the Turkish economy & FX rate.
The other major emerging market in the region is Russia - link below
Oil price (link below) measure both global economic activity and risk.
USDTRY - SELL SELL SELLthe USDTRY still ranging and hanging in the highs. However, the weekly chart shows no reprieve and the large downward move still expected.
Of course, we cannot predict the timing of the decline. The central bank may decide to hang on without lowering interest rates, and further, it may be likely that they will re-access the actions that has caused the tailspin of the currency.
Sell into 13.50 - 14.50 and await 11.00 > 10.00 medium-term.
USDTRY- 03Dec2021USDTRY- 02Dec2021
On the H4 timeframe, prices continue to climb higher. We could easily expect price to surge up to weekly time frame Elliot Wave 5 target at 14.385.
Also noting that RSI is forming negative bearish divergence, we could expect the price to pull back next week.
This is for personal record purposes only, not financial advise or solicitation of trade.
USDTRY- 02Dec2021USDTRY- 02Dec2021
On the H4 timeframe, prices broke above previous highs. We could easily expect price to surge up to weekly time frame Elliot Wave 5 target at 14.385.
This is for personal record purposes only, not financial advise or solicitation of trade.
TURKISH LIRA GOES PARABOLIC LIKE BITCOINThe chart pretty much explains itself. If the Turkish Central Bank can't interfere at the right time and place, we'll be seeing the Turkish Lira losing even more value and USD becoming equal to 8.70 Turkish Liras in December. Then we might see a retraction just like Bitcoin as the parabolic growth becomes unsustainable.
USDTRY Fib FanThe analysis I make is just an idea not an investment advice. Please manage your risk while trading and please make your investment decisions only by yourself.
USDTRY- LARGE DECLINE EXPECTEDThe USDTRY is setting up for a large decline. The FALSE BULL FLAG pattern suggest the danger on downside and not upside.
Perhaps Central bank raises by surprise interest rates instead of what is believed to lower the interest rates once more this month.
the change of the head of central bank no doubt has placed the currency in a tail spin, and all what is required to understand inflationary pressures with interest rates offset.
Anyway, market is pricing in disaster hence the decline will be swift and unexpected. I see 11.00 > 10.32 as my objectives. Therefore sell 13.30-14.00 anywhere up really but again in very small increments to remain safe. Long is the wrong thing to be is my personal view.
USDTRY - SELL SELL SELL SELLGot lot's of remarks and statements that I do not understand Erdogan etc.
Well, yes fundamentals and market psychology drive market, and those are build in charts.
Hype and fear has always existed.
Anyway, looking at history regardless reasons, if it's overdone it's overdone. Central banks can make extreme decisions, for example EURCHF peg, French Central bank raising short-term rates to 1,000% to defend currency (I was trading that market)
Ok Erdogan has his ways and central bank has lowered interest rates while inflation is much higher so we have negative interest rates.
My strategy remains careful sell current 13.5000 (and our long-term short USDTRY already in position) will pay overtime.
In the end of the day it's an individual decision what side to be on. Question is, what if central bank raises short-term interest ates to defend the currency?
the only thing that can happen, is to complete peg the currency or change it to a new one.. then question is what value will it be set at?
How Long Will The Turkish Lira Currency Pair Remain Bullish?USDTRY is still trending upwards. Recommendation is to continue to open long positions with a trailing stop loss. Some traders may forgo trading the Turkish Lira due to spreads; but I am focusing on the net profits on this idea.
Since April 2021, USDTRY currency pair has been going up.
USD/TRY: 14.50 will be a key level for the destiny of TRYI compared the past move of the USD/TRY between 12 June 2017- To 18 February 2019 to recent move. Make your own conclusions from that but I think that will be the macro top before the interest rate hike cycle. If it breaches those levels, then I will be worrying about the stability of the Turkey's financial system.
USDTRY - SELL SELLThe USDTRY has climbed back and is trying to retest the highs.
The GANN resistance is strong, and even a spike may be a short moment of time only is my personal view.
The RSI daily chart above 80.0 again and the weekly still 92.0 which is a strong message of caution.
Strategy SELL current 12.85 - 13.15 for move to 11.0800 > 10.0300.
Short-term expect 11.08 revisit and 10.0300 medium-term for now to release some market pressures before it can decide which way further.
usdtryHello and welcome traders to another trade idea
USDTRY
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.
