An interesting development for those following the USD/TRY movement. The dollar-lira pair has reached the expected levels, and the charts clearly show this movement. From a technical analysis perspective, there are significant resistances at the current price levels. Market participants are closely monitoring this move and assessing the upside potential. While the dollar is strong, these dynamic trading opportunities can arise between currencies.
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LiquidityLarry
· 12-15 02:44
Hmm... once again looking at the Turkish Lira, it seems this wave of the US dollar's strength really never ends.
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Gm_Gn_Merchant
· 12-14 21:56
The dollar is strong right now, and the lira is weak... the charts really show clearly, and resistances are also important. There are trading opportunities, but it's risky. It could go up or down, who knows honestly.
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YieldWhisperer
· 12-14 17:11
lol "expected levels" - let me just run the math on this supposed resistance... actually the fundamentals don't check out here, classic technical analysis theatre tbh. seen this exact pattern collapse in 2021, currency pairs aren't immune to the death spiral dynamics we've tracked before
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gas_fee_therapist
· 12-12 17:58
It's USD/TRY again. This move is quite interesting; the resistance level is right there...
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SerumSquirrel
· 12-12 17:54
Turkish Lira is about to get hammered again, this resistance level just breaks as soon as it's broken.
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OnchainGossiper
· 12-12 17:46
Speaking of this USD/TRY rally, it's really following the script. Just waiting for it to break through those resistance levels.
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ReverseFOMOguy
· 12-12 17:46
This resistance level is starting to get stuck again, feeling like it might break or not...
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FOMOSapien
· 12-12 17:41
Lira has dropped again. This wave, the US dollar is really strong to an incredible degree, but with so many resistance levels, it feels like it should rebound too.
An interesting development for those following the USD/TRY movement. The dollar-lira pair has reached the expected levels, and the charts clearly show this movement. From a technical analysis perspective, there are significant resistances at the current price levels. Market participants are closely monitoring this move and assessing the upside potential. While the dollar is strong, these dynamic trading opportunities can arise between currencies.