Free United States dollar With Turkish lira (USDTRY(Forex)) Technical Analysis Signals

Overal Signal
Hold
Signals
Hold Buy Hold Hold
Last Update / Period
06 Dec / Daily
Category/Currency
Forex/TRY
Exchange/Country
FX/--

United States dollar With Turkish lira (USDTRY(Forex)) signal with technical analysis on 06 Dec

On 06 Dec, we conducted a comprehensive technical analysis of United States dollar With Turkish lira (USDTRY(Forex)), considering 256 signals with intricate details. Here are the key findings: 113 signals suggested buy strategies, while 25 indicated sell strategies. The remaining 118 signals remained neutral without offering a specific direction.
The 256 signals were categorized into four distinct strategies, each consisting of 64 signals. Let's dive into the details of each strategy:

Strategy 1:
Buy Signals: 27
Sell Signals: 9
Neutral Signals: 28
Result: This strategy leads to a Hold position.

Strategy 2:
Buy Signals: 29
Sell Signals: 3
Neutral Signals: 32
Result: This strategy leads to a Buy position.

Strategy 3:
Buy Signals: 28
Sell Signals: 6
Neutral Signals: 30
Result: This strategy leads to a Hold position.

Strategy 4:
Buy Signals: 29
Sell Signals: 7
Neutral Signals: 28
Result: This strategy leads to a Hold position.

Overall Strategy:
Buy Signals: 113
Sell Signals: 25
Neutral Signals: 118
Result: This strategy leads to a Hold position.

Disclaimer! Please exercise caution and thorough consideration before making any financial decisions. It's important to note that our signals are based solely on daily price changes and do not take into account external factors such as news, market sentiment, or company developments. We strongly recommend considering all relevant factors and conducting your own research.

Useful Tips: To make the most informed decisions about your United States dollar With Turkish lira (USDTRY(Forex)) investments, we highly recommend visiting the "Magic Prediction" AI models signals website. They provide free signals, and if one aligns with ours, it is likely to be a reliable indicator, as we have observed over time.


Result: Looking at the technical analysis for United States dollar With Turkish lira (USDTRY(Forex)) on , there appears to be a tendency toward a buy signal based on historical data and analysis. However, it's essential to remember that these signals are not guarantees, and investment decisions should be made carefully. It's important to consider the overall market conditions and how your choices align with your specific investment goals.


Based on the signals, we offer the following recommendations:

United States dollar With Turkish lira (USDTRY(Forex)) trading strategy for those in buy positions (long positions): If you are currently in a buy (long) position, based on the consensus of our technical analysis signals, it is advised to maintain your current position with increased vigilance and caution. However, always be careful and closely monitor market developments.

United States dollar With Turkish lira (USDTRY(Forex)) trading strategy for those in sell positions (short positions): If you are currently in a sell (short) position, it is recommended to carefully time your exit based on the combination of technical analysis signals. If you have a high risk tolerance, consider waiting for potential market movements in the coming days.

For new positions: If you are not currently in the market or are considering switching to a buy (long) position, it is advisable to consider the projected price range. This range represents a potential upside of -100%, determined by the highest predicted price. However, before initiating a buy position, conduct thorough research to ensure it fits your risk tolerance and investment goals.

In all your trading endeavors, implementing a well-defined stop-loss strategy is crucial to managing potential downside risks effectively.

Useful Tip 2: For those interested in long-term forecasting, we recommend using the "predict-price" website, which offers both short-term and long-term predictions for free. This can help you make well-informed decisions regarding your **United States dollar With Turkish lira (USDTRY(Forex))** holdings.

United States dollar With Turkish lira (USDTRY(Forex)) Price Analysis and Resistance Levels:

Given our current long position in United States dollar With Turkish lira (USDTRY(Forex)), analyzing key resistance levels is crucial to better understand its price movement. These resistance levels are important benchmarks for our strategy, and we will explore multiple scenarios to provide a comprehensive outlook.

First resistance level (0): The primary hurdle is the 0 price level. If the prevailing trend remains unchanged, United States dollar With Turkish lira (USDTRY(Forex)) could break above this level, indicating its strength and potential for further growth.

It's crucial to monitor these resistance levels closely and understand them within the context of overall market trends and indicators. To make informed decisions while trading United States dollar With Turkish lira (USDTRY(Forex)), stay alert and continuously analyze the market. By considering these resistance levels and broader market dynamics, you can make smarter trading choices and better adapt to the evolving nature of this market.

United States dollar With Turkish lira (USDTRY(Forex)) technical analysis chart

United States dollar With Turkish lira (USDTRY(Forex)) support and resistance levels

Name Level1 Level2 Level3 Level4 Level5
Resistance -- -- -- -- --
Support 19.854 18.356 -- -- --
 United States dollar With Turkish lira (USDTRY(Forex)) Support and Resistance area (06 Dec)

United States dollar With Turkish lira (USDTRY(Forex)) signals list for 06 Dec

Overall Signals
Signal 1 Signal 2
Signal 3 Signal 4

United States dollar With Turkish lira (USDTRY(Forex)) technical analysis over the past days

# Date Overal Signals ALL Signals
1 05 Dec Hold HoldHoldHoldHold
2 04 Dec Hold HoldHoldHoldHold
3 03 Dec Hold HoldHoldHoldHold
4 02 Dec Hold HoldHoldHoldHold
5 01 Dec Hold NeutralHoldHoldHold
6 29 Nov Hold HoldHoldHoldHold
7 28 Nov Hold HoldHoldHoldHold
8 27 Nov Hold HoldHoldHoldHold
9 26 Nov Hold HoldHoldHoldHold
10 25 Nov Hold HoldHoldHoldHold
11 22 Nov Hold HoldHoldHoldHold
12 21 Nov Hold HoldHoldHoldHold
13 20 Nov Hold HoldHoldHoldHold
14 19 Nov Hold HoldHoldHoldHold
15 18 Nov Buy BuyBuyHoldHold
16 17 Nov Hold NeutralNeutralHoldHold
17 15 Nov Hold HoldHoldHoldHold
18 14 Nov Buy BuyHoldBuyBuy
19 13 Nov Sell SellHoldNeutralNeutral
20 12 Nov Buy BuyBuyHoldHold
21 11 Nov Neutral NeutralNeutralNeutralHold
22 10 Nov Hold HoldHoldHoldHold
23 08 Nov Buy BuyHoldHoldHold
24 07 Nov Buy NeutralBuyNeutralBuy
25 06 Nov Sell SellSellSellSell
26 05 Nov Neutral NeutralHoldNeutralHold
27 04 Nov Hold HoldHoldHoldHold
28 03 Nov Hold HoldHoldHoldHold
29 01 Nov Hold HoldHoldHoldHold
30 31 Oct Buy BuyBuyBuyHold

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