This is only a trading capability - no recommendation !!! Buying/Selling or even only watching is always your own responsibility ... .zip (with PDF`s) @ my Google Drive 4XSetUps for next wee - friday close(1482 Cross-Rates) drive.google.com Best regards :) Aaron
This is only a trading capability - no recommendation !!! Buying/Selling or even only watching is always your own responsibility ... .zip (with PDF`s) @ my Google Drive Performance in percent while this periods (1482 Cross-Rates) drive.google.com Best regards :) Aaron
Despite USD weakens red support line worked. But volume is low now 3 hours later volume will be higher so probably it will chose one of the paths I draw
Can we expect more decline from this point? I believe so and here is why: Since it reached all time high, USDTRY was unable to continue that trend and started making lower lows if you look at the 1h graph. First real decrease happened in the previous few days and 61.8% retrace was completed with the pair unable to continue higher. RSI bearish, MACD pointing...
Chart is self explanatory, upward trend with double top formation, failed to set a new high
Follow up on my idea about weak GBP in the last month of 2016: Major GBP pairs (GBP/JPY, GBP/CAD, GBP/NZD, GBP/USD) all experienced decline on Monday, 28 Nov, with most of them hitting resistance levels which are too strong to be broken despite the major GBP increase throughout November. With UK appealing against the court decision on Brexit, GBP could see drop...
I think It's time to long USDTRY. Orange triangle is my buy zone. TP: channel resistance and fibo 1,272.
Sentiment: Bullish inside red channel. (Bullish) Trend Strength: Moderate Close above R1 and we will see further rise. Close below channel and next stop will be S1. In bigger picture pair is flat while between R1 and S1. Seems like coup was just in time because, as you see, channel support has worked perfect.
Oversold RSI combined with 0.5 Fib Retracement and Extention Strong past structure at that level + could be viewed as support level of a trend which started in late 2013 Brexit effectsdisappear, hopefully!! GL
3 LEVEL STOPPED BREXIT BUT I GUESS IT IS JUST A TIME WIN SITUATION... PAIR WILL BE SKYROCKET I GUESS. NO INVESTING IDEA. YOUR OWN RISK.
The Turkish lira vs the euro is about to make a big move in either direction, with Bollinger band starting to squeeze. A big move down would open up a fantastic carry trade opportunity considering the swap. For a similar diea, consider the rand, but with the possibility of gold falling after the referendum, I prefer this trade.
Turkish Lira aginst US Dollar has been running between the monthly demand zone (2.7974-2.5604) and monthly resistance area. As i expected, we had 2 nice reactions both from demand and resistance zones. Soon after consuming either of the monthly areas, we may see an abrupt and impulsive move whichever zone breaks first, probable outcome being upwards. ...
Not yet stable enough do say that USD will be back on its tracks up to 3.00, but it seems that the Short period is nearing its end. It might be a good idea to start looking for stable longterm buy positions .
I am still expecting greenback to lose some more value against Turkish Lira. Most likely 2.81 will give us a great opportunity to go long. There is 2.75 under 2.81 however I don't expect that to happen. So I recommend to wait for 2.81 to take position on $USDTRY. StochRSI in combination with this support will let us know the correct entry level.