Get started

USD/TRY_TOD - USD/TRY

No trades
See on Supercharts
Overview News
Ideas
Discussions Seasonals Economic Calendar

USDTRY_TOD trade ideas

Turkish Lira/ Turkiye Lira in troubleThe USDTRY improved after a massive freefall when the Turkish president announced changes in monetary policies. We have however seen traders be more bullish for the USDTRY although many traders sold the currency pair earlier this month. We have now seen multiple confirmation for a bullish run in 2022 with a breakout of the down trend on the H4 timeframe, a double bottom and we are now waiting to get one last confirmation (a breakout of the resistance cluster. Once we have that breakout, we look to buy the USDTRY aggressively and take profit at 13USDTRY and will wait for a confirmation on either a bullish continuation, a pull back or a market reversal. Please share your thoughts on this analysis, do you feel it will pullback or keep surging?
by Mezzoforte_Privilege
2
USDTRY- BUY strategyWe have moved above 10.50-11.00 and we broke through the FALSE BEAR FLAG channel upwards. Looking at the GANN square, we are observing a break-out of the previous GANN angle and in a new square with support at 12.62. The MA is positive, and the MACD is is moving slowly to positive (it always is lagging) and the DMI is positive USDTRY. My feel is we go back 15-17 ranges, and who knows even above 18s. The MONTHLY CHART we have to observe closely once we have reached a correction upwards. But for now remain long with stop below 12.00 and profit target 15-50-16.00.
Long
by peterbokma
3
USDTRY wave analysisThis is the time to see whether the USDTRY pair remains in the channel. Especially considering it ticked at 11.25, which is a very significant fibo level within the grand super cycle. If that's the case, we may expect it to test the 9.80 level for wave 4. This scenario is also based on the assumption that the political authority in Turkey still has some control over exchange rates and will want to maintain its political power and influence in the near future. This may be on the table as an option for the ruling party to disperse the dark clouds ahead of a snap election decision. In any case, it would be insufficient to evaluate such a currency fluctuation, which emerged under the influence of artificially inflamed debates, independently of the influence of political discourses. Similar examples have been experienced recently and that the correction movements were also caused by non-economic developments. So it is important to place buy orders up to 11.50 with a cautious approach. To sum up, on the eve of an 8-year trend reversal, the next week's close will be critical to confirm that the indicators are placed above the trend channel with permanent and motive price movements. PS: This is not an investment advice. Please do your own research before investing in currency markets. It is a high risk business.
by sonerster
USDTRY- 30Dec2021USDTRY- 30Dec2021 On the daily, price bounced back to 20EMA. We could expect some bearish pressure and price pulling back. On the H4 timeframe, price bounced back to 50 & 200 MA. We could expect the price to pull back to around 12.00. It is worth noting that there is an inverse h&s in play on H1, with price target at 14.04. However, we need to wait and see whether price can close above strong resistance at 13.08 on the H4. This is for personal record purposes only, not financial advise or solicitation of trade.
by TTMFS
2
Midterm USD/TRY ideaHello Traders, I was away for a couple of months due to personal matters, but I am determined to support you again with my outstanding ideas in 2022. So let do this! A beautiful curve stick pattern is forming. Buy USD/TRY at 12.8 TP 1: 13.94 TP 2: 14.60 SL: 11.22 The Content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. There are risks associated with investing in securities. Investing in stocks, bonds, exchange-traded funds, mutual funds, and money market funds involves the risk of loss.
Long
by Hossein-Rouzbahani
2
Turkish lira need some courage to analyzeThis is a classic example of risk management, if there is anyone who is over leveraged before the crash, the account must have been wiped out. I wish noone be in that position but if there is any survivor then probably a story to tell and help the community. Why I am inclined towards long. #1 : This is a retracement of the entire move from the beginning of USDTRY until 12/20/21 and we are at the moment between 38% and 50% fib level. is there a room for this to fall more, oh yes upto may be 50% at first which also confluence with 10 days moving average. Opportunity to sell every bounce with a good risk management #2 : Then let's take the entire move of 2021 and breached 61.8% , one more leg down further would take us to 78% weekly level which is where level from #1 comes. accumulate slow and steady with good risk management #3 : The price is in range bound at the moment between 12.5 and 10.5 Sell high and buy low with a good risk management Where do I stand, I am bullish dollar that should say everything. All of the above are price analysis not a time analysis and my personal opinion. If you are not in this trade then staying out is better but if you are a survivor then either of 3 options should be helpful. Good luck.
Long
by letslearn
3
USD/TRY High Volatility, strong sell-offWe said it 30 minutes before this massive short-selling. "it will go up until the Turkish Government decides to react." And they did. At Human traders we provided two selling signals, and we are short this forex pair. Volatility remains high and there are a lot of forex traders closing positions. For those who want to trade this one, we recommend you to stay on the sideline until the correction by that piece of news finishes. Then, we will close our position out and buy USD/TRY again for a long-term scenario with Forward Contracts.
Short
by alvaromroo
5