TRYUSD try trading at 9.692730 levels i can see dips for buying appearance buy dips at least at 9.00 and above target 11.50-12.50 levels
USDTRY trade ideas
USDTRY-NEUTRAL to downsideIt starts looking tired and even though my feelings says it should move higher first, the MACD and other supporting technicals suggest we see down ward again.
As mentioned before, am happier to be SHORT USDTRY and would only add on upmoves when they occur.
For now my medium-term objective is 10.50-9.00 and guess just add when you can to shorts...
USDTRY-SELL strategy Short-term am still neutral to upside. The chances of moving higher at first, is still there.
I suggest adding to existing shorts @ 15.50-16.50 for the correction to 10.50 - 9.00. This is a long-term view as a note and it may takes months before seeing these levels.
The expectation of short-term movements are therefore first 15.50-16.50 and we sell short-term at those levels as well for profit taking at 13.25.
USDTRY: ABCD on Daily chart looks promisingWeekly 44&77 MAs have just crossed, so it looks like the Bearish sign has happened. ABCD on Daily chart looks promising however daily 44&77 MAs have not crossed yet. This mean that this trade is very risky and not for beginners or those who prefer careful approach.
USDTRY- 28Mar2022USDTRY- 28Mar2022
Price action for USDTRY last week was pretty much just sideway consolidation.
On the H4, price is retesting the 61.8% Fib resistance at 14.80. With the overall strength in USD, we could expect price to bounce higher to 78.6% Fib at 14.88. If it can close above, the next resistance will be at 15.08, in-line with daily resistance.
This is for personal record purposes only, not financial advise or solicitation of trade.
USDTRY-Long-term SELLIt's far easier to look at the monthly chart than to the short-term ones.
Based on the market condition, there is no change in view to see it's heavy overdone. It does not mean we cannot see little higher, and it is possible we re-visit 15.50-16.50 before we move lower to 10.50-9.00. I feel we should be SHORT already around 14.50-14.75 and add when the move higher if seen.
USDTRY-NEUTRAL to upsideThe weekly chart is of stagnant, and we are kind of used to that by now.
The question is, where do we go from here in such a quiet market. Looking at the cloud, we are far above it and this gap requires to be filled over time. The SMA strength Indicator is trying to break above the 9-MA period, and I feel this signals a sharp up move.
My preferred scenario is medium- to long-term SELL and since I expect higher levels I would add to existing shorts that we may have around 14.50-14.75 and add more 15.50-16.50 range. The log-term objective is still 10.50-9.00. So overal I would be positioned short.
USDTRY-NEUTRAL to upsideUsing my SMA strength indicator and placing a MA-9 period, suggest we may see an upcoming spike.
I understand the market is quiet, and is kind-of controlled. The fundamentals have not changed, and OIL higher again and weakening slightly of RUB. I feel this scenario suggest we should see higher levels 15.50-16.50 before we attempt moving towards 10.50 - 9.00.
Strategy is SELL 15.50-16.50 or its an adding of an existing short @ 14.50-14.75.
USDTRY Long SetupHello, Lira recently recovered from the drop and at some point next year we should test this Green Curve again. (See Context below)
Thats where i will Long USDTRY . I have not really a clue when this will happen tho.
Current buy zone would be 8,95-9,2 (White Zone). This would be the buy zone if it touches the green curve soon but i doubt it and expect some weeks sideway from here.
But just in case we see a really fast test it could be worth having orders there currently.
I expect USDTRY to go sideway above my Curve in 2022 before propably going bearish again in 2023+
DYOR and please leave a like =)
USDTRY-NEUTRAL to down sideIt is little confusing as well.
I feel upside possible purely because no direction to down side for short-term. For medium-term am happy seller, and would add 15.50-16.50 again. The stochastic is trying to turn negative as a note, but since no follow through anywhere, its neutral situation and just wait for changes to the direction for now.
Long-term am seeing 10.50-900 still.
USDTRY-NEUTRAL to upsideNo change of views for last few weeks.
It is a quiet currecy pair for now, and it has received support from the strength in RUB, which was unexpected. I believed maximum 100 correction but now its even pre-war area... strange indeed.
The crisis is far from over and financially RUB should be affected, and this will drag currencies like TRY and PLN etc. So fow now seeing move higher short-term to 15.50-16.50 before the major correction will set in, which is expected to be somewhere 10.50-9.00
USDTRY-NEUTRAL to upside No change of view for weeks now.
It remains locked in same as it has done before in the 13.50-14.00 range. The downside is protected short-term below 14.00 and upside is possible 15.50-16.50. From long-term perspective would have some short at current level 14.75 and add 15.50-16.50 for a move to 10.50 - 9.00.
USDTRY-SELL LTNo change in view and approach.
It is possible we may see higher levels short-term 15.50-16.50 and we will add to our long-term short position, if we have done so.
The overbought state suggest that we may see 10.50 - 9.00 in coming week/months. It requires patience and a strong view for this strategy.
USDTRY- 06Apr2022USDTRY- 06Apr2022
On the H4, price is still consolidating sideways trying to bounce above 20EMA and 50MA. Price action is mixed for today and we need to wait and see whether it can bounce above 1st Resistance at 14.88.
This is for personal record purposes only, not financial advise or solicitation of trade.
USDTRY- BUY strategyIt feels as if we will move sharply higher coming weeks. Oil is still very steep and situation still same and resolving with the ongoing war. Financial markets are kind of used to it, but the costs of it will be high Russia and even though it corrected, this will not last long. The RUB will weaken and this will drag other currencies around the area as well.
For now I feel we can have a BUY strategy but small as cost of carry is high. For medium-term strategy I prefer wait and see higher levels to SELL @ 115.50-16.50 for a move back to 10.50 - 9.00.
USDTRY-NEUTRAL with upside potentialIt is still my preference to sell in rally.
The chart looks as if we will see a move higher towards 15.50-16.50 again, even though we are slightly overbought short-term.
The expected levels are good for medium-term sell and I still feel we may see 10.50 - 9.00 when we have reached the higher levels at first,
USDTRY-NEUTRAL to down sideNo change in view, and this is a daily comment :)
I prefer to look at the medium-term picture, and this suggest we should be selling in a rally.
The pair is good value for SELL @ 15.50-16.50 for the move back towards 10.50 - 9.00.
I would prefer to be some SHORT likely between 14.25-14.90. the daily pickup is good. Of course maintain very low leverage to weather any storm. Sometimes people blame me for their sorrows on trading, whilst they had overtraded. I am always careful in managing that part and so should you.
USDTRY- LT SELL strategy No change in view.
Daily or weekly chart does not give much direction, and judging other weak currencies, we have witnessed a strength last few days/week. this will add to likely TRY strength as well.
From a medium-term to long-term perspective we should see a move back towards 9.91 FIB , but personal think first 10.50 before lower and we may expect a correction from that level at first. It is not going to be a one way traffic.
The strategy is, BE ALREADY SHORT and ADD @ 15.25-15.75 and again above 16.50-16.75.
