U.S. Dollar / Turkish Lira

USDTRY FXCM

ForecastCity_ME

Trading suggestion: ". There is a possibility of temporary retracement to suggested support line (7.00000). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . USDTRY is in a range bound and the beginning of uptrend is expected. . The price is above the 21-Day WEMA which acts as a dynamic...

ForecastCity_ME

Midterm forecast: While the price is above the support 7.2675, resumption of uptrend is expected. We make sure when the resistance at 8.5750 breaks. If the support at 7.2675 is broken, the short-term forecast -resumption of uptrend- will be invalid. Technical analysis: The RSI support #1 at 57 is broken, so the probability of resumption of uptrend is...

TradingSutra

analysis mentioned on the chart.

ForecastCity_ME

Trading suggestion: ". There is a possibility of temporary retracement to suggested support line (7.8242). . if so, traders can set orders based on Price Action and expect to reach short-term targets." Technical analysis: . USDTRY is in a range bound and the beginning of uptrend is expected. . The price is below the 21-Day WEMA which acts as a dynamic...

ForecastCity_ME

Ascending Triangle Definition: An ascending triangle is a type of triangle chart pattern that occurs when there is a resistance level and a slope of higher lows . It is defined by two lines: . A horizontal resistance line running through peaks. . An u ptrend line drawn through the bottoms. The higher lows indicate more buyers are gradually entering...

mkmunir3

USD/TRY is expected to breakout or breakdown from triangle pattern. reducing volumes shows indecisiveness of the market. May take two to three months to take a clear upward or downward direction. upward target 6.0 , downward target 5.5

Matteo-Morello

Alla rottura del triangolo H4, il calcolo dell'ampiezza del triangolo propone due target ... alla rottura della figura misurare l'ampiezza del triangolo, è possibile valutare uno short/long alla rottura della figura e impostare il target con il calcolo dell'ampiezza della figura .... NB il target va misurato non al millimetro per questo è bene tenere il target...

mansetsoft

after long correction break down ,....if it make little flag.. it will make big drop.... till low..

diamondsforex

Textbook - 1.618 fib - 200 ma. Could we find some support here? Fed / FOMC day....

diamondsforex

Heading for the 1.618 fib? Currently @ 1.272 on the hourly chart.

mkmunir3

The blue trend line will act as support if we see a fall. The resistance for next few months seems to be 5.50-5.60

mkmunir3

Price can reverse from here (5.15). Currently the price is sitting on a trend line. If we break 5.15 and remain below it for 6-12 hours, we may see further significantly lower levels.

ForecastCity

Midterm forecast: There is no trend in the market and the price is in a range bound, but we forecast an uptrend wave above 5.0000 would begin in Midterm. We will close our open trades, if the Midterm level 5.0000 is broken. Technical analysis: While the RSI downtrend #1 is not broken, bearish wave in price would continue. Price is below WEMA21, if price...

ForecastCity

Midterm forecast: There is no trend in the market and the price is in a range bound, but we forecast an uptrend wave above 5.0000 would begin in Midterm. Technical analysis: The RSI support #1 at 48 is broken, so the probability of resumption of uptrend is decreased. While the RSI downtrend #2 is not broken, bearish wave in price would continue. Price is below...

mkmunir3

#usdtry has to come out of this triangle pattern to give a clear Idea of which direction it will move. Maximum time will be around 10 October 2018.

ForecastCity

Midterm forecast: 5.0000 is a major support, while this level is not broken, the Midterm wave will be uptrend. We will close our open trades, if the Midterm level 5.0000 is broken. Trading suggestion: There is a possibility of temporary retracement to suggested support zone (5.9300 to 5.6450). if so, traders can set orders based on Price Action and expect to...

ForecastCity

Midterm Forecast: The current trend is uptrend and the forecast is the continuation of uptrend. Technical analysis: While the RSI uptrend #1 is not broken, bullish wave in price would continue. Price is below WEMA21, if price rises more, this line can act as a dynamic resistance against more gains. Relative strength index (RSI) is 51. Trading suggestion:...

ForecastCity

DOLLAR/LIRA Midterm forecast: The current trend is uptrend and the forecast is continuation of the uptrend. Technical analysis: While the RSI resistance #1 at 83 is not broken, the probability of price increase would be too low. While the RSI uptrend #2 is not broken, bullish wave in price would continue. Price is above WEMA21, if the price drops more, this...