USDTRY trade ideas
USDTRY is to retest the recent high againUSDTRY is retracting to middle 1D Bollinger Band 8,6000, which is a strong support. If it breaks, the price can move down to 8,5090 (4h ichimoku support).
If the price can stay over the ascending line from Apr 2021 (orange), we may see a retest of the recent high 8,7880.
Likes & valuable comments are welcome:)
USDTRY - Expecting a rise 🙌-Today’s softer than expected inflation figures will likely fuel concerns of policy easing, with the central bank given more room to lower interest rates.
-Taking a look at the chart, the path of least resistance is higher USD/TRY with volatility likely to pick up heading into both the July and August meetings. Naturally above the swing high of 8.7775, the focus will be on the psychological 9.000 handle.
SELLING OPPORTUNITYThe USDTRY Pair Resistance at 8.71784. With no further upward momentum, this could be a perfect selling opportunity for traders to take sell trades.
USDTRY set to continue rise beyond 10!Since may 6th USD has shown weakness against most currencies and is now ready to push strong.
During this period TRY offered very little resistance making it look good to continue weakness in the face of
a strong push for USD! The question is not so much not if USD will strengthen but more which is the weakest currency to long it against imo!
USD/TRY-Uygun alım seviyelerini chartta belirttim. Dileyen üst sıraları değerlendirebilir.
*Please share your opinion on it, write in the comments.
Teşekkürler.
USD/TRY there has to be a correctionHi everyone! As you could notice according to my last idea the price on USD/TRY pair reached exactly in the purpose then falling continued. And now the price overcame a trend line down. However, the price is near strong horizontal support and therefore I expect correction to a trend line on level 0.382 and 0.618 according to Fibonacci.
Purchase from the level of support specified on the chart.
TP1 = 8.41
TP2 = 8.54 (achievement of this purpose is not obligatory, but it is possible)
SL = 8.175
Information provided is only educational and should not be used to take action in the market.
possible buy or sell now we just wait for confirmations possible buy or sell now we just wait for confirmations
USDTRY-Lastik Formasyonu !Açıklama resimdedir.
YTD.
TR ekonomisi rayına oturana dek USDTRY long maalesef
USDTRY is in good supportThe last candle shows that price lie on a 20 EMA, horizontal level and trend reinforced support.
If it doesn't break this main support, should go to 8.32 then 8.41.
If there is a candle closed below these supports with a huge volume, it might go firstly to 8.15.
No momentum until the next rate decision on 17th JuneUSDTRY is highly sensitive to interest rate decisions as it has long been a discussion between the government and the central bank.
The next meeting will be held on 17th June, and we can expect a pullback to 8.00 in case of a rise in the interest rate. Otherwise the price is prone to test the upper border of the channel since 2018 (around 9.00).
Please like if you find this idea useful 👍 (●'◡'●)
USDTRY, New Time HighsThe upward movement is breaking its resistance of 8.50s price level. Looking at historical data, it only means that we are looking at new records soon. I also foresee a retraction to current levels, just like it happened in 2018.
First goal is 9. Then a retraction to 8.60s levels. Then all the way up !
Sorry for the poor drawing by the way. I think the idea is what counts, so the drawing is a little bit crude.
This is what we call positive hidden RSI divergenceThis is what we call positive hidden RSI divergence
