Decades of shorts are over imo.
Geo setups are very interesting from my point of view, regarding this region.
CU ltr.
All currencies appearing in this post are fictitious.
Any resemblance to real currencies, existing or dead, is purely coincidental.
Regional activity of Mr. Erdogan with a multiply vector of conflicts between Syria, USA, Russia and other countries borders with Turkey is a main theme for further depreciation of TRY.
President Joe Biden became the first US president to officially recognize the massacre of Armenians under the Ottoman Empire as a genocide. This is a new risk.
Not legal and...
Price has been pushing higher and higher and climbed thousands and thousands of PIPs since 2021. But with the increased interest rates (42.5%), will this be enough to prevent price from higher? Potentially. There needs to be more confidence in the Lira, which could be happening. Pimco and Vanguard (US Investment Companies), are investing in Turkey, which could...
Overview
I'm calling 2024 the end of Lira selling.
The Details
2024 could see Turkish inflation peak🗻
The main driving force of the TRY selling has been unconventional monetary policy, erratic changes of the head of Turkey's central bank and finance ministers, and undisciplined high inflation
A rate hiking cycle has been in play since May 2023 - rates...
For the last months, the Turkish lira has been traded near the all-time lows against USD. I think that demand for the lira would shift soon, and it would trigger a breakout of resistance of 18.7 with the first psychological price target of TRY 20 for 1 USD with consolidation near 25 in the second half of the year.
In terms of technical analysis, I do not see any...
Since the self-proclaimed monetary "expert" and Father of #MMT
Warren Mosler said,
"Erdogan has it right"
(to lower interest rates back on March 22, 2021), the USD has appreciated by 145% against the $TRY
Easy to say, not stupid enough to take his own advice & buy the $TRY
Great lesson not to listen to self proclaimed "monetary experts" who could not even...
XRP price prediction, the value of XRP is predicted to drop by -2.25% and reach $ 0.479326 by July 8, 2023. According to our technical indicators, the current sentiment is Bullish while the Fear & Greed Index is showing 62 (Greed). XRP recorded 17/30 (57%) green days with 3.88% price volatility over the last 30 days. Based on our XRP forecast, it's now a good time...
To be honest it already feels ridiculous to receive 30 TRY for 1 euro!
It just doesn't feel right, sorry.
This time I will talk no politics, no Erdogan, no West or East (Russia lost although they won so Turkey always goes with the West in the end anyways), no central bank plans etc
This time we talk chart only:
I was expecting maybe stop at 31TRY/1EUR, finally...
CRYPTOCAP:XRP BITSTAMP:XRPUSD BINANCE:XRPUSDT
XRP Ripple is making a correction within uptrend
Ripple CEO addresses XRP community members amidst SEC v. Ripple lawsuit
CRYPTO BULLISH
US to take a constructive approach in regulating digital assets
War boosts demand in Bitcoin
Big Russian money could flow into Bitcoin to avoid the US sanctions
Fed delivering...
%19 Interest rate, huge debts, vaccination progress is still very low.
Turkish Central Bank manager kicked out because of interest rates, but we have still a huge interest rate and USD/TRYis still going forward. What Turkey could do? No tourism income for now, no leverage hand for interest anymore.
Unfortunately, TRY will be 10 soon if we close daily above 8.58....
Hello Traders,
I'd like to take a moment to discuss a rather peculiar scenario unfolding in the world of Forex, centered on the Turkish Lira (TRY). It's a tale of two paradises – a seeming conundrum where what seems like a hardship for one can be a fortune for another.
🔥 Hell for Turkish people:
Firstly, let's understand the current state of Turkey's economy....
Trading Investing is not about guessing. It is about having the ability to identify key areas and then manage risk. Obviously, my style is not I got 3 pips I am taking profits and I am out! On to the next trade.
My style is about capturing big waves with a lot of meat on that bone. Set it and forget is far more profitable than the 3 pip Death by 1000 paper...
I'm writing to you today to discuss the recent election results in Turkey and how they have impacted the value of the Turkish lira.
As you may know, President Erdogan's party suffered a significant setback in the recent local elections, which has caused a drop in the value of the Turkish lira. While this news may concern some, it presents a unique opportunity...
Trading Setup:
A Trading Signal is seen in the USDTRY Currency Pair.
Traders can open their Buy Trades NOW
Rank : ⭐️⭐️
⬆️Buy now or Buy on 19.50
⭕️SL @ 19.32
🔵TP1 @ 20.19
🔵TP2 @ 20.80
🔵TP3 @ 21.59
What are these signals based on?
Classical Technical Analysis
Price Action Candlesticks Fibonacci
RSI, Moving Average , Ichimoku , Bollinger Bands
Risk Warning...
