USDTRYShort review and modification of the usdtry chart, the main cause of which is the geopolitical changes in the eastern region, which is likely to increase from now on.For this analysis, I consider three targets from 3% to 10%
When Do Breaking ATMs Signal More Than Just Technical Failure?In a fascinating twist of economic irony, Turkey's banking system faces a crisis not from a shortage of money, but from an overwhelming abundance of near-worthless banknotes. This peculiar situation, where ATMs physically break down from dispensing too many low-value bills, serves as a powerful meta
USDTRY Short review and modification of the usdtry chart, the main cause of which is the geopolitical changes in the eastern region, which is likely to increase from now on.For this analysis, I consider three targets from 3% to 10%
USDTRY Approaching the top of the Channel Up.The USDTRY pair has been trading within a 6-month Channel Up and the price is now very close to the pattern's top (Higher Highs trend-line). Technically this is were a rejection should take place to reset the market at the pattern's bottom (Higher Lows trend-line), below the 1D MA50 (blue trend-line
Shift in Carry Trades: Hedge Funds Embrace USDTRYA Shift in Carry Trades: Hedge Funds Embrace the US Dollar
The once-dominant Japanese yen has historically been the preferred currency for carry trade strategies, where investors borrow low-interest-rate currencies to invest in higher-yielding ones. However, a significant shift is underway, as hedg
Collecting Rollover while the TRY RangesThe CBRT has raised rates from 8.5% in June 2023 to currently standing at 50%. There was a recent CBRT meeting where rates where held at 50%. There has been a roll coaster for inflation YoY which was below 20% in 2020, rose as high as 36% in 2021, pushed up to 85.50% in 2022, dropped in 2023 to ar
The Turkish Lira makes a comeback from hereWith the dollar devaluation ahead and Turkish policies shifting towards Austerity we may witness a 200% rally for the lira against the dollar or else FX:USDTRY back to 10
USDTRY Inflationary uptrend still intact but buy on the right leThe USDTRY pair has almost doubled since our last buy signal (October 27 2022, see chart below):
This pair remains one of the most efficient long-term trades long-term as its inflationary uptrend remains intact. We won't turn buyers again however before a 1W MA50 (blue trend-line) test or a neu
Trading Signal for USDTRYDirection: Sell
Enter Price: 32.54959
Take Profit: 31.996
Stop Loss: 32.55033
Justification for Forecast:
This trading signal has been generated using the EASY Quantum Ai strategy, which combines multiple technical indicators and market analysis to predict currency movements. The
Welcome to another debt crisis in economic history 8!It's been a while since I tracked the #usdtry pair. For comparison, you can find my past reviews below.
Concerns over
- high inflation rate
- low interest rates compared to the sidereal inflation rate (enag)
- high levels of debt
- external financing needs
- geopolitical tensions
- high-level gov.
See all ideas
Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
The value of the USDTRY_SPT pair is quoted as 1 USD per x TRY. For example, if the pair is trading at 1.50, it means it takes 1.5 TRY to buy 1 USD.
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