Buyers have made the transition towards capitulation. This leaves Turkey with a huge problem, and the process of the cleanse in local banks will continue. CBRT will defend with its 'customary inventiveness' very soon as they keep a stern eye on 7.8xx.
It is an unfortunate position that Turkey are in. We have exploited it for some time and as soon as the...
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...
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.
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...
📌 The buyers constitute a formidable opponent holding the breakup and putting sellers out of action. The moves are ready, to fend off another wave of risk looks impossible now and Turkey will suffer a major hammer that may be unendurable for local banks. A break above 7.20xx will unlock the widely track 7.80xx since last year.
If buyers hold (and it looks...
EU sanctions to Turkey aren't good for the currency. If it drop below 0.14527 support, which isn't that strong, it will fall to 0.14450 and lower.
🎯 0.14450 / 0.14400 / 0.1435 / 0.1427
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...
Welcome to this analysis on USD/TRY.
USD/TRY has established an uptrend from the 2nd of June till the 17th of June, Since then it has been trading in a tight rectangle range between 6.834 and 6.858 which broke to the upside before the market close last week.
Currently, it looks like it is finding support above the range which can be a sign of continuation of the...
Looks totally clear... Indicators are getting ready to smash Turkish Lira more... Macd on the weekly about to move to positive territory... Resistance from that trend line will break and pump the price up...
My outlook on the Turkish lira, I think next year it will be stronger
We can see the rejection after ATH at 7.3 meaning investors jumped in at those levels and price will probably come back to fill them more
I'm interested in the area between 7.06 and 7.15
Target is 396.5. Trend is bullish. Greens are supports and Reds are resistances. Hope you enjoy. Feedback are appreciated. Thanks a lot. Have a good weekend.
Basitlik en iyi ve kararlı analiz şeklidir.
Grafikte de görüldüğü gibi düzeltme beklentisindeyim.
Pandemiden dolayı oluşan düşüşün yukarı yönlü düzeltmesi tamamlandı diyebiliriz, sırada bu soluksuz yukarı çıkışın hafif bir düzeltme yapması.
Bunda en etkili olan şeyler sırasıyla; Kar alma, yabancı yatırımcı kaçışı, MSCI'ın üstümüzde kurmaya çalıştığı baskı, 2....
DolarTL 1 saatlik grafiğe göre konsolidasyon yapmış durumda. Günlük ve Haftalık grafiklere bakarsanız orda da sıkışmalar yaşandığını görebilirsiniz.
Bu sıkışmanın yukarı yönlü kırılabileceğini rahatlıkla söyleyebilirim. Bunda etken olan olarak Türkiye piyasasından kaçan yabancı yatırımcıların yüksek etkisi var.
Önümüzdeki 10 günü(25.06.2020 - 04.07.2020)...
