USD/TRY Trade Ideas

Trade ideas SELL 5.7320; TP 5.7180; SL 5.7400 BUY 5.7750; TP 5.7960; SL 5.7660 USD/TRY has broken above the descending wedge. It is currently testing levels above the 50-day MA at 5.7372. The price action on the H4 is in line with the parameters of the bearish “Shark” pattern. That would imply the ...

Trade idea SELL 5.7980; TP1 5.7700; TP2 5.7425; SL 5.8060 USD/TRY ran into the resistance of 5.83. Traders are taking profit and readjusting positions after a very big advance that happened on Monday. On the D1, a “hanging man” candlestick was formed. This allows us to expect correction down, at lea...

Trade ideas BUY 5.7260; TP 5.7450; SL 5.7200 SELL 5.6990; TP 5.6570; SL 5.7050 USD/TRY formed a bullish gap on the D1. It happened on the increase in the market’s risk aversion. Notice that, all in all, the pair’s consolidating within a triangle and has space to move inside it. The advance above tod...

Trade ideas SELL 5.6400; TP1 5.6165; TP2 5.5900; SL 5.6550 BUY 5.7100; TP 5.8000; SL 5.6800 USD/TRY has formed a big “shooting star” candlestick on the W1 last week. A similar formation is visible on the D1. The daily Awesome Oscillator is going down, so it’s natural to expect the continuation of th...

Trade idea SELL 5.52; TP1 5.50; TP2 5.45; SL 5.54 USD/TRY met resistance near the line connecting 2019 highs in the 5.62 area. This is also where the 50-week MA is capping the price. The pair is currently testing levels below the 200-day MA (5.55). The key area on the downside is located at 5.5220 (...

Trade ideas SELL 5.30; TP 5.2685; SL 5.3150 SELL 5.2380; TP 5.2230; SL 1.2430 USD/TRY has been trying to recover since the end of January. The pair formed a higher low. What we see on the chart may be a forming harmonic “Bat” pattern. It means that USD/TRY may continue higher, to 5.3040 to complete ...

Trade idea BUY 5.3750; TP 5.41; SL 5.3580 SELL 5.3040; TP 5.2345; SL 5.33 USD/TRY has moved sharply down this week falling to the support line since the end of November. Consolidation is now taking place between the 100- and 200-day MA on H4. On D1, the pair’s around 50-day MA at 5.3280. It’s possi...

Trade ideas SELL 5.28; TP 5.19; SL 5.31 BUY 5.37; TP 5.50; SL 5.34 This week’s problem is that many pairs have already made big moves and yet we know that there will be a news trigger later today as the US releases the Nonfarm Payrolls data at 15:30 MT time. It looks like USD/TRY has some potential ...

Today's session should be rather calm because apart from the publication of the PPI index in Germany, the global investors will not get any important macroeconomic data. In the calendar, however, we will find scheduled speeches by several central bankers, but no president, so markets will hardly att...

Both European and American stock market investors ended yesterday in minor moods. Today the situation looks a bit different. In Europe, we watched the mixed closing of the trading session. The growth was made by companies from Belgium, Poland and Hungary, while declines were recorded on the French, ...

On Monday, the 13th of August 2018, the event calendar is light in important data releases, only Gross Domestic Product data form Italy is to be posted. No scheduled speeches as well. Holiday season at its peak.USD/TRY analysis for 13/08/2018:The crisis in Turkey is a bad sign for the entire global ...

EUR/USD broke through 1.15 and the activation of stop-loss orders pushed the rate to 1.1438. The drop is probably related to the continued sale-off of the Turkish lira - today USD/TRY jumped another 3.0% up to 5,7450.The Financial Times article is in the center of global investors attention, accordi...

Both European and American stock market investors ended yesterday in minor moods. Today the situation looks a bit different. In Europe, we watched the mixed closing of the trading session. The growth was made by companies from Belgium, Poland and Hungary, while declines were recorded on the French, ...

On Monday, the 13th of August 2018, the event calendar is light in important data releases, only Gross Domestic Product data form Italy is to be posted. No scheduled speeches as well. Holiday season at its peak.USD/TRY analysis for 13/08/2018:The crisis in Turkey is a bad sign for the entire global ...

EUR/USD broke through 1.15 and the activation of stop-loss orders pushed the rate to 1.1438. The drop is probably related to the continued sale-off of the Turkish lira - today USD/TRY jumped another 3.0% up to 5,7450.The Financial Times article is in the center of global investors attention, accordi...