USDTRY Daily Time FrameIts Broken the Strong Resistance Levels wait to Retest The targets will be black Lines!
USDTRY trade ideas
Divergences on USDTRY - Daily ChartSo I am continuing to work on identifying divergences with a focus on USDTRY. I started at 2018 on the Daily and think I need to go down to the 30 minute because are a few bearish points in the chart that don't seem to be the result of divergence. I know divergence doesn't explain every move but it's possible I'm missing something.
Let me know your thoughts.
C
USDTRYUSD TRY outbid its last time high (8.82037) last week, generating a new bullish signal.
According to the EW counting, we are in the superordinate blue wave 3 or in black wave 1 of the yellow 5.
We will see confirmation of this scenario in October, provided there is no weekly closing price below 8.64508.
In that case, you can buy the October low and hold it until January 2022.
SL below October low.
USDTRY will Flies to 9.30 in the next few months USDTRY will Flies to 9.30 in the next few months
FX:USDTRY
If turkish central bank doesnt touch it, it seems to burn like hIf turkish central bank doesnt touch it, it seems to burn like hell.. lets check this one out. I am so tired of saying that i am unhappy for myself and my country. I hate this. and this does not stıop.
USDTRY - TRY will go through some hard days!-Tapering is coming soon, dollar will gain value and currently one of the weakest currencies that will drop from these news is TRY.
-We expect USDTRY to hit 8.90000 in short-term by the december.
CB October CB cuts the rates 100bp despite of higher inflation. It was expected to happen in October session, however Erdogan gets what Erdogan wants a month earlier. That might takes it above 9 sooner than we guess.
Welcome to another debt crisis in economic history 5!Conjunctural sum. Nothing has changed.
Tradingview wants me to write more about it, unnecessary.
USDTRY TECHNICAL ANALYSIS 23092021How to Calculate Andrews' Pitchfork
Andrews' Pitchfork can be easily applied to price charts without a specialized drawing tool.
Point 1: starting point of uptrend or downtrend.
Points 2 and 3: reaction high and reaction low in the uptrend or downtrend.
Point 1 = starting point of median trend line.
Distance between Points 2 and 3 = channel width.
Draw and extend a trend line from Point 1 through the midpoint of Points 2 and 3.
Draw and extend trend lines from Points 2 and 3 parallel with the median trend line.
Change Pitchfork slope by changing Point 1.
from investopedia
NO INVESTMENT ADVICE...
Signs of reversal: Divergencein terms of technical:
divergence trade heere may be risky but reversal is obvious
fundamentals:
news about future interest rate decrease in last quarter can effect
USDTRY breakout resistanceThe price has broken the descending channel upwards.
I'm waiting for the price to consolidate and rise to the upward resistance. My goal is 8.79
Traders, if you like this idea or have your own opinion about it, write in the comments. I will be glad👩💻
USDTRY Descending Triangle BreakoutI see possible short term gains on USTRY pair, in my opinion it can cross 9.0 mark this year easily.
From technical point of view, it broke Descending Triangle Pattern and has to continue falling further up to 9.0 and above. We have a long range Ascending Wedge Pattern that has been formed since 2018, so it can retrace a bit after hitting upper green line.
On RSI we can also see breakout from downtrend, which is also a good indicator that price can go up to 9.0 and above.
USDTRY to go higherFlag formation / 2 or more closings above 8,45 might take us to 8,67.
Not a trade recommendation.
USD/TRY about to fallHi, Price is ready to drop after breaking the ascending trendline...in H4 TF it looks like we have a double top too.
Use proper risk management!
💡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
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💡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 ❤️
Head and sholders.. “Live flake free”TL is oversold. I expect a move to 8,70. We will follow the next. Stoploss at 8,15.
USDTRY TEKNIK ANALIZAmerika Dollari karsisinda deger kazanmaya baslayan Turk lirasi, Amerika dollari gectigimiz 21 Haziran 2021 Tarihinde donemin en yuksek seviyesine yani 8.8 Turk Lirasina ulastiktan sonra 28 Haziran 2021 zamanindan bu yana deger kaybetmeye yani Turk Lirasi deger kazanmaya basladi. Eger bu dusus yani Turk Lirasinin deger kazanmasi devam ederse Amerikan dolari ilk olarak 7.941 Turk Lirasina kadar gerileyebilir. Haftalik analizde MA lar henuz yer degistirmemisken, gunluk analizlerde yer degistirmeye baslamistir. Yapacagimiz FOREX alis-verisinde dikkatli olmak gerekir.
"Yatirim Tavsiyesi Degildir"
price approaches the resistance range of 8.42 in the short term.After breaking the Kijonsen base-line and reaching Kijonsen-103, by breaking this line which is displayed in red. I also expect to cross the Ichimko cloud in the short term to reach the resistance level of 8.42 to 8.43.
