Turkey’s up-and-down relationship with Greece has been causing unwanted tension in the forex market. Even after weeks of conflict between the two countries, it looks like even the announcement that they’re willing to start talks to resolve the issue wouldn’t be enough to ease worries. The EUR/TRY pair’s 50-day moving average will continue its upward trend after...
The CBRT responded to the recent lira weakening by tightening the liquidity conditions in a significant way, although more may need to be done to stabilize the markets. The CBRT first made a press announcement stating that a) liquidity measures introduced to support growth would be phased out; and b) all available instruments would be used to reduce market...
Let's do an exotic pair. EUR / TRY goes up too much without any retest, so it should definitely go down to 7.88 area, before the big push up.
The pair failed to break out from a major resistance line, sending the pair lower towards the nearest support line. Most reports for the EU member states’ GDP data will be published today, July 31. Yesterday, the EU’s largest economy already had its GDP results which disappointed investors. Germany’s economy for the second quarter of the fiscal year declined by...
The price is on the verge of exceeding its historical price the pull back is possible because RSI is at the overbought situation.
EURTRY waiting to complete the " Cup and Handle " model, the price to buy is when it reaches $7,82500 EURTRY buy : $7,82500 EURTRY target : $8.28050 EURTRY stop loss : $7.70000 or $7.75xxxx (for margin) . Wish you good deals!
Welcome to this analysis on Euro / Turkish Lira. EUR / TRY has been in a massive macro uptrend since 2019, It paused around the highs of the previous uptrend cycle of 2018 at 7.850. Since the 7th of May, the market has gone sideways, it had a pullback to 7.35, re accumulated there, and bounce back to the previous high. Looking at the structure, it looks like...
There is a strong buy signal at 10/10 level, price is above the resistance level and 20 mov exp is supporting the prices. additionally there is cup-handle pattern. The movement range is 0.38.
on DAILY: EURTRY is sitting around a strong supply zone in green so we will be looking for objective sell setups on lower timeframes. on H1: EURTRY formed a head and shoulders pattern so we are waiting for a momentum candle close below its neckline to sell. (conservative) Moreover, we are waiting for a new swing to form around our lower red trendline and then...
What to-look for ? Follow up the trend and seek for possible position entries. Set that yellow triangle as your safety stop. The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a duly licensed professional for investment advice.
FIRST TIME REVISITING ALL TIME HIGHES SELL SET UP SELL EUR/TRY ORDER TYPE ENTRY 1 7.7820 ENTRY 2 7.8630 SL 8.987 TAKE PROFIT 1 7.7320 TAKE PROFIT 2 7.2320 TAKE PROFIT 3 6.320 BUY SET UP BUY EUR/TRY ORDER TYPE BUY STOP ENTRY 1 7.8920 ENTRY 2 7.9830 SL 7.865 TAKE PROFIT 1 8.0320 TAKE PROFIT 2 8.4320 TAKE PROFIT 3 8.8220
on DAILY: EURTRY is still sitting around a strong supply zone and All-Time-High so we will be looking for objective sell setups on lower timeframes. on H1: EURTRY broke below our red trendline but we didn't sell yet, as we always wait for a momentum candle close below the last swing for extra confirmation. meanwhile, until the sell is activated, EURTRY would be...
Did The Turkish Stock Market Correction Vanish or Is It About To Happen? The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a duly licensed professional for investment advice.
Europe figures are not good and looks Lira can take advantage for this situation. Be aware weekend high spread This fall can take time not a quick trade