U.S. Dollar / Turkish Lira
I see some bullish divergence on 4h chart for macd and rsi + flag formation. Buy-in level: 4.35-4.46 Profit Targets: 4.57 4.72 4.92 Stop loss: 4.28 Have a nice weekend, Berk
Pros REER based TRY undervaluation: 47% National Bank stepped in to protect TRY Key to this position: limited market volatility and risk-on sentiment It is relatively expensive to short the TRY Cons Long-term fundamentals gloomy for Turkey
GBPTRY testing multiple FIb levels
While our goverment officals sleeping and doing nothing the price action started a cup and handle rally.. Here we have something. It is approaching to the target levels.. Can our officers do anything.. ? In past years we all decided they are happy about this thing.. This can be sideway but it didnt.. When past 4 price we got sure that this is a cup and handle...
DB-Double bottom B1-Bottom1 B2-Bottom2 ST-Symmetrical Triangle
I am slowly building a big long position in TRY/JPY pair. Turkish Lira is quite under-valuated at these levels and despite the recent strength of Japanese Yen I think in the long run JPY will weaken across the board. This is a carry trade position which will bring lot of interest while running. At 8.5% current interest rate of Turkish Lira outperform almost all...
I expect it to continue to get more higher because of the pressure on Turkey Economy. If it breaks down about 4.60, short position must be taken.
USDTRY is going down again from all time high? I would short it with 0.01% of my account. Main concern is the situation in Turkey.
Tom Demark count gave a green 2 on the monthly chart. This is a clear buy signal. This happens very rare on a monthly level. Green 2 on a monthly chart means we will have up to 7 months of uptrend. Weekly and daily charts confirms this as well. Previous ATH was 3.94320, I expect this will be broken soon, as double tops near ATH are unicorns. In the upcoming...
- Trend dynamics support 3.35 but lower levels are less likely. - The potential uptrend will be defined with the key topics (on the chart).
Short USDTRY after election if Erdogan wins