A quick update on the future of the Turkish Lira (TL): Interest rates will rise to the range of 30% to 35% and will remain high for the following years (possibly 2-3 years). The Turkish Central Bank will stop printing vast amounts of money, and getting loans for purchasing houses or cars will become difficult. This action will lower inflation for few years. TL...
This is just an experimental analysis. NFA Target 1 : 14,0 - 15,0 Target 2 : 19,0 - 20,0 Targer 3: 24
THY have a huge bearish divergence. I think it will hit around 16-18 Turkish Lira. Cycle is done, it has to retrace to gain power to another bull-run.
Hi there, INFO has done with elliot waves with exactly FIB numbers, and needs a correction I think the correction will end approx. 4 TL
We have a ‘double resistance band’ at 1.5458 this week. With this lining up with the Butterfly formation, it offers a downward bias (from 1.5458) towards 1.4600 I will update if/when the trade is triggered and if we get the TL scalp set up for initiation
This is for entertainment purpose only. If we consider Elliott Waves count on a Point and Figure Chart, one may see a possible wave count. The count is imaginary which may reflect the current and future sentiment on the Turkish Lira Trend.
reason for the entry : 3rd touch, TL break and retest, and 200 EMA
EURUSD WEEKLY OUTLOOK. As u can see from the chart, the price is respecting 20EMA, and the trend line is formed. A couple of days the price was in consolidation and ready to explode up. Stay tuned. Very soon we will provide more detailed outlook and valid trading setup.
1/Apr/2021 12:30 PM AUTHOR: Brandon Gum -- Monster setup here. RSI at pivot level. Price above 67 pivot is constructive. ======================
On USDCAD, bullish scenarios are more likely to have place in the next few days: Scenario 1: The upper trendline is valid and the price is sitting around a support so if it breaks it upward, a Long position can be entered. Scenario 2: A less risky possibility could be that the price will dive in the zone one last time before breaking the upper trendline for...
Trading suggestion: . There is a possibility of temporary retracement to suggested support line (7.298). 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 below the 21-Day WEMA which acts as a dynamic resistance....
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...
usdtry elliottwave perspective view Alternative 1) If it sees around 6.50 (green area) and turns up and is permanent on the red line (above 7.30), the rise started. Alternative 2) If it falls below the green area, it sees around 6.00 (pink area), the rise begins. 7.30 is also important in this. 7.30 must be exceeded for real rise. Alternative 3) Cannot hold in the...
Alternative 1) If it sees around 7.10 (green area) and turns up and remains on the red line (7.90), the rise started. Alternative 2) If it drops below 7.00, it starts to see around 6.50 (pink area) and rise. Red resistance is also important in this. Red must be crossed for real rise. Alternative 3) It cannot fall in the 1st pink area and falls to around 5.00 (2nd...
USDTRY Elliott FLAT and Harmonic BAT PATTERN
Gold is well known for its volatility as has been seen over the past few weeks, where we've seen it rocket up to the 1680 range due to investors rushing in with the threat of Coronavirus. However, they have since had a reality check and as a result gold has reached a channel. This channel is easy money whilst it holds. As shown on the graph we have been seeing...