Turkish lira is a prime example why BTC can help safeguard against global fiat currency inflation. While BTC is up around 600% versus the dollar since 2020, it's up over 4,000% against the lira!
Starting September 2nd I'll be on holiday in Turkey for 2 weeks. I've managed to time this holiday pretty perfect, looking at the charts we can see it's been in a steep UP TREND since 2nd of July, although it could be argued it happened after the RANGE BREAKOUT in May. GBP is now extremely strong to TRY, meaning we get more TURKISH LIRA for our GREAT BRITISH...
A Shift in Carry Trades: Hedge Funds Embrace the US Dollar The once-dominant Japanese yen has historically been the preferred currency for carry trade strategies, where investors borrow low-interest-rate currencies to invest in higher-yielding ones. However, a significant shift is underway, as hedge funds increasingly turn to the US dollar as their borrowing...
$Arkm 1D chart; After signing a 2-year shirt sleeve sponsorship with Galatasaray, Arkham continues to move towards a narrowing trend line The existing bullish harmonic pattern is active as long as the stop level is not seen. Let's not forget the possibility that OB zones may work as resistance In order for the pattern to be completed, it is expected to make a...
The CBRT has raised rates from 8.5% in June 2023 to currently standing at 50%. There was a recent CBRT meeting where rates where held at 50%. There has been a roll coaster for inflation YoY which was below 20% in 2020, rose as high as 36% in 2021, pushed up to 85.50% in 2022, dropped in 2023 to around 38% at its lowest, then pushed higher to standing at 69.8%...
Macro Monday 55 Turkey - Europe’s gateway to the Middle East and Russia Turkey holds a vital strategic position as the bridge between Europe and the Middle East. Turkey’s economy has been making leaps and bounds over the past decade and the war in Ukraine has resulted in significant increase in trade through the country, benefiting its logistic companies...
A quick update on the future of the Turkish Lira (TL): Interest rates will rise to the range of 30% to 35% and will remain high for the following years (possibly 2-3 years). The Turkish Central Bank will stop printing vast amounts of money, and getting loans for purchasing houses or cars will become difficult. This action will lower inflation for few years. TL...
Pair : XAUUSD ( Gold / U.S Dollar ) Description : Completed " 12345 " Impulsive Waves at Demand Zone or Fibonacci Level - 61.80%. Bearish Channel as an Corrective Pattern in Short Time Frame and Rejection from Lower Trend Line. It has completed the Break of Structure and making its Retracement
Well, Keeping it simple as always (or I try at least) Here's another one of my ideas. Long on the Turkish lira (another crazy idea of mine) First Target 18$ Second Target 13$ I just want to be as transparent as possible with you guys. Right or wrong this is another investment of mine. I see on the long term (1 year - 2 years ) a regain of field from the...
This is just an experimental analysis. NFA Target 1 : 14,0 - 15,0 Target 2 : 19,0 - 20,0 Targer 3: 24
After 10 years drop and elections confirmations, it's ready to go. TP1 37.98 TP2 69.71 SL 100 EMA weekly can be followed.
When we look at the monthly logarithmic chart, we see that it is in a parabolic uptrend from 2008. With the inflation that comes with incredible money printing, there is a possibility that it will reach the levels of 27-35 TRY. It is not investment advice.
Following daily chart, got a short signal. TP - following 100ema, I think target will be around 11.42-11.5 (around 9%) SL - 13.37, please wait for daily candle close.
Following daily chart, I got a long signal from my indicator. TP - Following EMA100 for TP, I think it'll be around 45-47, pretty sure will be higher than 44.5 SL - 39
Good opportunity to buy emerging market bond, there is a miss price due to turkey election
Could the upcoming Turkey election effect how their currency lira performs against western currencies including the USD? Any potential new leader may be able to get the lira to be much stronger then over the last few years. As for today, the USD against the Turkish lira is the only currency which seems to be somewhat strong in the world of Oanda forex. When my...
No liquidity of forex currencies, hyperinflation and quantitative easing at it’s reckless form… There is no escape from inevitable… Truly painful to look at…
- Small but important negative deviations in base region started - negativity leads to reaction in favor of bull market