USD/TRY ----> its going to rich to the targetaccording prior analysis try lost its worth and now about usdtry:18 it can come back below 13.5.
be profitable
USDTRY_TOD trade ideas
USD/TRY - ShortI don't expect long anymore.
Short DXY
Short USD/TRY
Until April 2022.
This fractal is an example. It could be this kind of this.
This is not financial advice.
USDTRY- 21Dec2021USDTRY- 21Dec2021
TRY took a dive after Erdogan initiated a Rescue Plan. (Source: www.bloomberg.com)
On the H4 timeframe, price had a huge sell-off yesterday. We could expect further pull back in price to 1st Support at 11.545 from continued selling and profit taking.
This is for personal record purposes only, not financial advise or solicitation of trade.
USDTRY-careful BUY strategyWell, unexpected move down for many in USDTRY based on Erdogan's financial alternatives to protect savings of Turkish Lira depositers and other measures. Trimming or going long with tight stop at $ 13.00 for re-sell $ 15.25.
the monthly chart has not released enough pressure, whilst daily-chart has. GAN N support is around 13.00 area. resistance above 14.00, but noting we may correct the large decline a bit.
Strategy is careful long with a re-sell objective $ 15.00. Ultimately we will go 11.25 > 10.35. No change over all, but it has helped big time and the drop has shown that gravity eventually will assist in decline. The policy will suuport Turkish Lira if it can be financially managed by their government.
USD/TRY ----> i just say : be carefulunfortunately foreign politic of turkey shows bad news for TRY.
if they don't control it, USD/TRY will reach to 18 $ at least.
but if they control it ( so weak probability ) it may go down to 6.
so be careful .
Fibonacci channelTrenddin başladığı yerden en yüksek seviyeye göre fibonacci channel yön tahmininden çok kanallar içinde mi hareket etmiş onu kontrol etmek amaçlı yaptım yatırım tavsiyesi değildir. Yatırım yapmadan önce bakılacak bir şey değil zaten yapacaksanız kendiniz çizmeyi öğrenin elin lafıyla elin chartıyla işlem yapmayın.
USDTRY-SELL strategy medium-termUSDTRY remains defying gravity.
No change of my medium-term view, and as you can see the channel resistance and support levels are the boundaries.
The fast weakening of the TRY no doubt will improve the export base, and therefore natural TY inflows, i.e. the buying of TRY.
Medium-term we will see 12.00- 10.35 to correct the rocket upward move. The timing, who knows, but gravity will set in.
Play it safe and add very careful shorts to USDTRY.
UsdtryHello everyone . Please check my idea 💡 . 🙏
Now i opened short position
17 -18 - 19 stop on 21
And my target 14.5 _ 13 _ 10.5
Welcome to another debt crisis in economic history 6!Well, it's been 4 years since I started this serie, you might want to check it out. PA will probably try 19-20, and after that we might have a consolidation period. Conjunctural sum might have worsened.
USDTRY-Interest RatesThe 20 level is a critical level for the Turkish economy, a harsh intervention may come.
USDTRY 1 MONTH ELLIOTT WAWES FORECASTHello traders. I counted elliott waves on USDTRY 1-month chart. The price went up a lot in August 2018. The RSI indicator reached its highest level in the 3rd wave. I see a divergence in the last bullish wave on the rsi indicator. The price rose at a 90 degree angle. The price hit the fibonacci 2618 level. I expect the price to correct soon. Or I guess it goes to 3618 level.
USDTRY (update)USDTRY has broken the top channel line. The possible target will be 23-23.5 after a pullback.
USDTRY
Hello and welcome traders to another trade idea
Keep in mind that the analysis provided is not 100% accurate and that you can never be certain with the markets. This information given is not financial advice, always do your own research.
USDTRY!We expect a big reversal, on this pair for either a new trend or a deeper corrective pattern.
This looks like either a corrective wave or an ending diagonal.
Trade with care use a stop loss.
USDTRY- 20Dec2021USDTRY- 20Dec2021
On the weekly, price continue to bounce to 17.00 which is also the 200% Fib extension resistance. With Stochastic at resistance, we will need to monitor next few days whether the price will pull back from here.
On the H4 timeframe, price faced bearish pressure from the 17.00 level. With Stochastic also at resistance, will need to monitor closely whether USDTRY will start to pull back.
This is for personal record purposes only, not financial advise or solicitation of trade.
Turkish Lira and Argentina Peso: Is Turkish Lira dethrone ARS? As you can see, since 1997, Turkish Lira has lost 99% of it's value against U.S dollar. Same story in Argentina too. In the past, Argentina catch up and outperformed turkish lira in depreciation against dollar. I guess lira is taking that throne back. Who knows let's see.
USDTRY LongtermThis are my expections for USDTRY in the longterm.
Altho Curve could break earlier too.
DYOR :)
USD/TRY soars to fresh record high | Approaches 17.00 markThe Turkish lira crashed to another record low on Friday and shot to the 16.85-90 region against its American counterpart during the first half of the European session.
The strong move up over the past two days or so comes after President Recep Tayyip Erdogan announced on Thursday to raise the minimum wage by 50% starting next year. Erdogan also said that the government would abolish income and stamp tax on the minimum wage. This was followed by a 100 bps rate cut by the Central Bank of the Republic of Turkey (CBRT) on Thursday.
Turkey's official inflation rate topped 21% in November – more than four times the target set by CBRT. The central bank, however, has not been given a free hand, instead is forced to adopt President's belief that high-interest rates cause inflation and delivered the fifth cut since September. With the latest leg down, the lira has lost over 50% of its value against the USD year to date.
Meanwhile, the latest leg of a sharp spike since the early European session could further be attributed to some technical factors on a sustained break through the 16.00 mark. That said, extremely overstretched technical indicators could hold back traders from placing fresh bets and cap the USD/TRY near the 17.00 round figure, at least for the time being.
- USD/TRY blows past another record high, surges to the 17.00 neighbourhood on Friday.
- The recent CBRT rate cuts, soaring inflation continues to weigh heavily on Turkish lira
The Turkish lira has gotten more worthless in the past few months. The currency has depreciated by about 100% this year alone as investors reflect on the irrational policies implemented by the Central Bank of the Republic of Turkey (CBRT).
Ideally, central banks tend to tighten monetary conditions when inflation is rising. By so doing, they limit the amount of cash in circulation and pressure prices to decline.
The CBRT has gone against this after it slashed interest rates three times this year. The bank’s governor has ignorantly claimed that low-interest rates will likely bring inflation down. Recent data showed that inflation rose by 21% although an independent report placed the figure at 58%.
The USD/TRY will react to the latest CBRT decision. Analysts expect that the bank will slash interest rates by 100 basis points in this meeting. This means that there is a strong divergence between the CBRT and the Fed. In its meeting this week, the Fed hinted that it will hike interest rates three times and end QE in March.
The daily chart shows that the USD/TRY pair has been in a strong bullish trend with no end in sight for the Turkish lira crash. As a result, the pair remains above the 25-day and 50-day moving averages while the Relative Strength Index (RSI) remains slightly above the overbought level.
While the outlook for the pair is bullish, there is a likelihood that it will have a pullback if the CBRT cuts rates as investors sell the news. This could see it retest the support at about 13. In the long-term, however, the overall trend is bullish.
- SELLING PRESSURE PRICE 16.4000 - 17.0000
- Our option for #USDTRY is TO WAIT FOR SELLERS AND GOVERNMENT MOVE FOR LOWERING PRICE DECISION.
- Economy Bubble is created OR is close to !!
It’s important to keep in mind that cryptocurrency markets are extremely volatile, making it difficult to accurately predict what a coin’s price will be in a few hours or a few days and even harder to give long-term estimates. As such, analysts and online forecasting sites can get their predictions wrong. We recommend that you always do your own research and consider the latest market trends, news, technical and fundamental analysis , and expert opinion before making any investment decisions. Be patient and look long term wisely and never invest more than you can afford to lose.
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Have a profitable day.
| Review and analysis by Samadi.Finance |
Final destination 17.20Following 4h chart
I think 17.20 will be final destination - at least for a while
USDTRY analiz💰Fxone4all 💰 FOREX 💰
🟢usdtry (long )
buy now : 15.66/ 15.40
🔸TARGET💰
🔹 16.80
🔹17.52
🔹18.9
USDTRY setting up for a fall?We can analise it as much as we want but the truth is anything can happen.
On daily chart we’re witnessing possible divergence? The market move is basically parabollic. That reminds me of ETHUSD few months ago that fall enormously after intensive rise. This is different. Turkish rates are definitely very bold move that caused this and in a long term I’m sure it will go to 20 and beyond, but in a short run everything that goes up must fall down, the market must correct. The question is when? Hourly RSI is 93.
Trade wisely and good luck.
