Someone had told me not to update this pair, as it was not useful :)
Well, I love looking at charts and trying to dissect it and come to conclusions. Yes, it is a quiet pair, and for good reasons.
Fundamentally we should move higher, but technically it points going towards 10.50-9.00 over time. I still am convinced to be short, and SELL in rallies that may happen. For now sell between 14.25 and 16.50 for medium-term objective as stated.
Apologies for making that comment you are always kind but seriously please :)
MelihKsk
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Man your comments does not make any sense. Sorry but that is the truth.
peterbokma
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@MelihKsk, if it referring to my comments or rather the chart analysis, it is up to the reader how they wish to use it, or not use it at all. The short/brief analysis is done because I enjoy to provide it...(my days are very busy as a note). The reason am stating that technically USDTRY will move lower, is that it is extremely overbought on long-term basis. This will correct in due course. Fundamentally we should move higher before the correction will set in. anyway thanks for the comment...tc
MelihKsk
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@peterbokma, the reasom I wrote this comment is that usd-try is subject to a lot of government regulations imposed by Turkey. Thats why ı do nor think the technical indicators will be valid unlike other regular pairs since Turkey does not comlpletely have “free fooat exchange rate regime”. Thank you.
Anonymous34
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lol you should find another job non of your conclusions are accurate...
peterbokma
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@Anonymous34, hiding behind a name makes you brave in providing your conclusions... that's a little funny right... you likely have no idea about trading, and hope on day you will learn... best of luck... besides.. do not connect.. if you feel it does not help you... lol
Anonymous34
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@peterbokma, lol show me 1 accurate estimation of yours than i will shut up and never comment again. It is not only charts that steers the economy you know... you should add politics, changing strategies in economy etc. What are your inputs for your advices ? Just looking and analyzing a chart is not enough m8. You are just a manipulator, who givespeople wrong advices.
peterbokma
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@Anonymous34, wow. You are very good OMG... am very impressed with you views lol... honestly, it is clear you do not know much and one should never argue since its wasting time... best to disconnect... is my advise... that way you can find your way... and maybe one day you learn something... lol...
nh6qgxn4qk
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Dude don’t be mean. He is aleays replying politely. You may find him misleading but that’s your theory too. Respect please.