In this video I am looking at various aspects of trading the Lira, namely its technical underpinnings and using a relative strength assessment to check its possible trend momentum. I look at the Turkey MSCI ishares ETF for correlation and volume as a proxy for what may happen to Lira pairs. Enjoy! Francesco
Fundamentally, Turkey is important to stay in NATO , close to EU, supported by Germans, invested heavily in by Europeans and others. Negotiations with Greece will commence (starting in 2 weeks) and after all Turkey has nothing to lose and lot to gain from East Mediterranean Natural gas resources. Take this from a Greek like me, emotions are not good when you...
As a summary my mid-long term projection is: BTCUSD: Bearish DXY: Bullish BTC.D: Bullish Altcoins: Bearish Contrary to most, i still do not think that money supply will push BTC and crypto prices higher. US dollar is still powerful and till inflation starts to increase and DXY completes its movement, all pairs against USD have to be in correction. At...
USD TRY shouldn't close today above 7.1 for a lot of technical reasons I cannot possibly mention here. Let me just say that there should be a ton of resistance there. Right now it is surprisingly holding very close to the top. If it doesn't close and spends a few days in this area the possibility's become increasingly bullish. In the event that it closes above...
Hi friends the daily chart of this market shows with a high probability that it will experience an uptrend in the coming days but also we must be vigilant of the change of direction towards the opposite please subscribe to receive new analyzes
Hi traders is time for turkey to sink ? lets watch drive safe
📌 The capitulation After PA in December 2018 showed us the basing formation it has been all 'one way trafffic' This may lead you to wonder why it is so important to understand the fundamentals and definition of current capital flows, because it is then possible to build one's whole swing around a macro fundamentally sound trade idea, that underpins the...
topped out, great potential for usd retracement profit taking shorter/mid time frames 7 - 7.3
Mid-Term Forecast Trading suggestion: . There is a possibility of temporary retracement to suggested support line (7.4086). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . USDTRY is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a...
Hi friends the 1 hour chart of this market shows with a high probability a downtrend in the coming days but at the same time it is better to be vigilant of the change of direction towards the opposite please subscribe to receive more analysis
💥 Hello everyone. For some reason, our articles are blocked without explanation, so they are short and to the point. On the chart, we choose the breakout, deal # 2, entry points, goals and volume independently and remember about the risk. PS: In our system, all the signals to buy. You can view the history of all transactions (which have not been deleted yet) in...
The trend of TRY is clear, in current situation monetary policy is not enought to stabilize situation. Turkey needs strong physical changes and innovative solutions, because turism is not relable and stable part of its economy. Not anymore and this is the main reason why lira has dropped sharply. 8.0000 - 7.0808 is the range of Lira for next 12 months.
Analysis : First time weekly close above the highest pinbar of 2018 devaluation Correlated pairs (gbptry,eurtry) already closed above weekly top Fundamentals : Coronavirus :Jobless claims and inflation rates getting higher during pandemia. low tourism income Negative real interest in TR TR Central Bank can not limited usdtry @ 6,86 and showed...
As per previous post, the lira (USDTRY) has been getting hammered in an ongoing currency crisis through mismanaged gov & monetary policy, souring US relations, and COVID hitting the country’s tourism industry. President Erdogan, who has been directly calling the shots at CBRT (Turk cent bank), despises the prospect of raising rates, despite the need to put a floor...
I am following this crab harmonic about 6-12 months. Doing so well till now ...
The price is on the verge of exceeding its historical price the pull back is possible because RSI is at the overbought situation.