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U.S. Dollar / Turkish Lira

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USDTRY trade ideas

USDTRY-LT SELLThe long-term chart shows a very overbought situation, and this still requires a good correction. As mentioned on a few occasions and misunderstood at times, it does not mean that we cannot see higher levels. In fact, if existing short, we add 15.50-15.75 and once again 16.75 and above. The ultimate goal and objective is 10.50-9.00. This may take quite some months, but this is a technical expectation. No doubt fundamentals suggest we should see higher at first, and this one should see as an opportunity to sell.
Short
by peterbokma
9
USDTRYUSD TRY trading 14.6658 As mentioned in chart these movements indicates spikes as always we can see Turkish lira is day by day getting more bearish against usd and the unemployment rate is rising Turkey target short term 15.5000----above 15.500 3 consecutive days close plus weekly close we can see blast to lead new life time high RISKS ASSOCIATED WITH FOREX TRADING Trading in foreign exchange (“Forex”) on margins entails high risk and is not suitable for all investors. Past performance is not an indication of future results. In this case, as well, the high degree of leverage can act both against you and for you
Long
by RobinAras
#USDTRY LONGWith the Currency Protected Deposit, the exchange rate increase in the returns so far brought the annual interest of KKMs between 110% and 55%. Therefore, the turns continued to KKM. However, a move is coming that will reverse the situation, by bringing the exchange rate down and bringing the yields to 14-17% interest rates, strict measures have been started to be taken to both the value of the currency and the transactions made in foreign currency, in order to prevent everyone from turning into foreign currency at the end of the maturity, regardless of the exchange rate cut. That's why it can affect the USDTRY to increase to 20-25 Turkish Lira per Dollar and after that, it can fall between 5-8 Turkish Lira per Dollar to Control the prices...
Long
by EhsanRad_uk
1
gann box with a trend fibtrend fib applied starting from 18/09/17 take the gann box for the horizontal scale use the top of the trend fib. for the vertical scale use the significant high and lows. from price 0.5 to time 0.5 make 45 degree angle. and lock the chart scale. draw your trend line which is 17 degree. and the cycle after that (with the same method of applying gann box) ends up having a degree of 52... 52-45=7 price top might be also 17TRY for this cycle. time forecast might be 1771 days 17*17=289 weeks 07/07/2022
Long
by richybitch
USDTRY Short Setup for 2022Hello. After succesfully predicting the Lira Crash this year (see related Idea below) i present to you my USDTRY short setup. Note: When "Knife catching" i got to be REALLY conservative with my targets, especially with using leverage. This is the absolute worst case for Lira. I give this a 40% propability to actually reaching this target. If you are Turkish and looking to buy back real Lira i dont advice going for this target but to buy back lira in steps from here. This setup is more targeted for leveraged trading. DYOR. Lira is loosing value exponentially on a multi year time frame. For Context how i came up with this targets (red line and green curve) see picture below. Theoretically Lira could also break out of the exponential down Trend but likely not if Erdogan is still President. Exponentiall Lira Support should be arround my Short Zone but as i said, this short target is pretty Conservative as its targeted to leverage trading. Please leave a like if you liked this and as always: do your own research =)
Short
by Symbio_X
10
Just a thought... A bit more upside on USDTRY then bearishAssuming the latest historical top as a Cycle Wave 3, we could assume we are in a Cycle Wave 4 now. The first impulsive downtrend after this top makes me believe it was a Wave A of a ZigZag. If this is true, we should be in a Wave B (of Zig Zag) now. Zooming in from the daily timeframe, we can count 3 waves up and a triangle currently unfolding (this triangle would be Wave 4 of Wave C within Zig Zag's Wave B). So, my theory would be that once triangle can be considered complete (when prices break 14.76 resistance, or Triangle's Wave D), Wave 5 of Wave C within Zig Zag's Wave B would be unfolding (I'd expect this final Wave 5 to be reaching ~15.20). Then we should see the start of Zig Zag's Wave C, taking the price down (below 10?). We'll see... I'll await price action confirmation before taking any trade... Happy pip hunting! *Not financial advice - just a thought purely based on technical analysis observations.
Short
by MarcoJarquin