Technical Analysis of USD TRY
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25.03.2021 10:42 Forex Analysis & Reviews: Turkish lira plunges after Erdogan fires Central Bank's chief. Trading recommendations on USD/TRY
Here are the main exotic currencies offered by FBS in MetaTrader: the Turkish lira, Brazilian real, Mexican Peso, Russian Ruble, South African Rand. Most of them are regional, relatively weak currencies. That’s why, against the USD, they can’t do anything but depreciate – for years. That brings mane...
One of the recent “achievements” of USD/TRY was reaching 8.50 at the beginning of the month. TRY has never been as cheap to the USD as that as you can see in the lower monthly chart. However, it immediately bounced downwards dropping below 8.00 and currently trading at 7.66. Will it reach 7.00? That...
In just several hours, USD/TRY went down from 8.40 to 8.00. Although we already got pretty used to turbulence with the Turkish lira, a move this big is something quite outstanding. What’s happening? Two days ago, the Turkish President Erdogan fired the central bank governor Murat Uysal. One day ago,...
Ichimoku Kinko Hyo CAD/JPY: The CAD/JPY is trading within the Kumo. An upward wave would lead the pair to exit the cloud, confirming a new bullish outlook. US Market View Wall Street was set to open higher on Tuesday as investors bet on a clear win for Joe Biden in the most polarized U.S. presi...
Ichimoku Kinko Hyo GBP/JPY: The GBP/JPY pair has just breached the cloud and confirmed a new bearish outlook. Further bearish momentum will push prices into lower ground. European Market View EUR/USD currently below 1.1650. Everyone is waiting for the results of the US elections, and the direc...
Relevance up to 07:00 2020-07-09 UTC+2 After having touched the 4-hour Chart Rejection Block, the BCH/USD pair is trading with a bearish bias. Now it is trying to test all the Liquidity Void (Light Cyan Rectangle) bellow the current price. If the BCH/USD does not rise and close above the 245 level....
The optimistic vibes of the end of May/beginning of June made investors lose interest in the USD. That made it lose value against risky currencies such as the MXN and the TRY. Eventually, the USD got back to power when the optimism got exhausted after the first week of June. Consequently, USD/MXN an...
The confusion created by the Sino-American relations coupled with virus-related economic factors pushed the USD to rise against some currencies and lose against the others in today’s session. Let’s see a technical disposition in the most interesting cases so you can set your trades accordingly. USD/...
Long term While the battles between the USD and its European and Asian counterparts keep going, the currencies of the developing countries show little resistance to the US dollar. The Turkish lira is one of them. Coronavirus and the oil price war changed little for the upward tendency of the USD/TRY...
AUD/USD trying to re-balance after deep bearish condition amid coronavirus pandemic on March 27, 2020
Relevance up to 08:00 2020-03-29 UTC+2 If we look at the 4-hour chart, we can see that a after deep slump the pair is trying to re-balance its position to catch the fair value again. From the technical viewpoint, this condition has been already confirmed from the CCI (30) which has already broken ....
Relevance up to 04:00 2020-01-29 UTC+1 Today as we see on the 4-hour chart, the NZD/USD pair seems to be still under downward pressure now. The pair has got hold on the 4-hour chart where the Fair Value Gap Main Threshold at 0.6535 seems to be the support level at 0.6520 (as 4-Hour Chart Liquidity....
Good morning, dear traders. Time to take profits! The first in line is the Turkish Lira and USDTRY. Close positions +500p. The second on waiting lists – gold. Tonight, the instrument updated for 4 days on highs and didn't reach our main target of 1519. I consider this a false breakdown and recommen...
Relevance up to 00:00 2019-10-09 UTC+2 Good afternoon, dear traders. Today, we will talk about a very unusual instrument that I periodically trade "from the foundation." This is the Turkish Lira, namely paired with the US dollar. Yesterday, looking through the news streams, I noticed Trump's stat....
We have been seeing a huge action in the price of the USD/TRY pair across the board, after the measures taken by the Turkish Central Bank and the government by itself. Following the strong decline of TRY, finally we’re observing a corrective move in the US dollar against the Turkish currency, now tr...
USD/TRY managed to make a pullback from the resistance level of 4.3689 and it seems we can expect further declines, as the pair is consolidating the price action below the 50 SMA at H1 chart. According to our projections, the USD/TRY pair scopes to reach the demand area at 50%, which coincides with ...
USD/TRY is looking to consolidate in a bullish bias following the retracement made from the April 24th highs at 4.1072. Currently, the pair is finding demand around the Fibonacci level of 65% at 4.0313, where a rebound is underway and we can expect further gains toward the Fibonacci zone of -23.6% a...
The USD/TRY pair has been having a positive week, following a recovery held since the Fibonacci level of 38.2% at 3.746. Such area could help to provide the enough momentum in order to ride towards the -23.6% Fibonacci level at 4.106. However, the resistance zone of 4.969 might be a hard nut to crac...
USD/TRY is currently moving in a sideways range, but still it’s being favored by the bears amid a broad-based weakness seen in the US Dollar. The resistance zone of 3.795 still holds, as it coincides with the 65% Fibonacci area, which should help to produce pullbacks in order to put the focus on the...
USD/TRY has been trading in a bullish tone above the 3.750 level across the board and currently it’s duplicating a cycle initiated since January 5th session. So far, the pair is facing a strong resistance below the Fibonacci extension level of 123.6% at 3.823, which should be considered as the end o...