This is setting up for a nice short play. We have learned to play these markets by playing crypto and while nothing is happening with that at the moment we can play real markets such as forex, stocks and indices. These things move every weekday. Tuprs is a Petrol company, they buy oil and make products such as oil for your car, gas for heating and petrol. Looking...
This potential Long entry point in the chart is based on multiple technical and fundamental confluences, most of which i'm not going to give out Note that FX markets and Turkish lira movement is based on fundamental information as any breakout of technical levels happens for fundamental reasons so I highly advise you to be unbiased and watch topic related news...
We have a nice swing trade op in this pair, go long at market, stop loss should be placed below the recent low. I think the pair has room to rally back to resistance (see red line on chart). Linear regression and speed lines help us, along with oscillators and bar by bar analysis, as well as the use of RgMov, to determine the trend and where trend following or...
Price may down to draw right shoulder. Breakout should be waited for the confirmation
I entered too early. But fuckit. Still making a lot of money this week
wait for prices to move above the neckline
Turkey Lira find bottom against US Dollar now? President Erdogan doing everything to hold up the economy bully from US Government under Trump administrations. I think If this effort holds up we're praying that their country getting better, because their role is quite significant in Middle-East countries for muslim community all over the world. Turkey will be one...
The markets will be relaxed on Turkey so long as we remain below the 6.50 level. Until that level is broken, short-term bears hold the upper hand and EM stress is likely to be contained.
The USDTRY is relaxing a tad, and the short-term bias has turned south for the first time in weeks. The Turkish Central Bank meets this week but so long as Erdogan continues with his current political stance (adversarial stance vs. Western Countries) there is little hope for the Try. Take note of the key levels.
I am expecting drop between 5.20 - 5.40 due to Turkish Government's precautions against USD. 5.20 - 5.40 is safe zone to buy. Also when technically analysed, it can be seen that there is a rising wedge, which notifies bearish trend. Not a trading advice.
there is big risk of try because fbo retracement has worked at the 7,20 and it gived effect of fibonacci retracement turn backs to fbo 38,2 back which level is 5,60's , and got enought support there and became 6,39 again , trend shows us that the graph trend continues and dollartry long for long time til around 8,20's which next fbonacci resistance level...
there is big risk of try because fbo retracement has worked at the 7,20 and it gived effect of fibonacci retracement turn backs to fbo 38,2 back which level is 5,60's , and got enought support there and became 6,39 again , trend shows us that the graph trend continues and dollartry long for long time til around 8,20's which next fbonacci resistance level...
If you still want to open shorts on $EZA now is the time.
A chain is only as strong as its weakest link. Right now Italy doesn't look so good with capital flights and a weakening economy. On the technical side of things, price had a nice reaction with the lows which happens to be the all time lows in the Italian bonds. This is a place I'd look for longs but first , I'd need proof that buyers are still here.
This chart shows a relationship that every trader who is serious with the business has to keep in mind. The dollar is king, A STRONG DOLLAR ends up WEAKENING EMERGING MARKETS . This causes a capital flow away from them into safer dollar assets. Right now , my game plan for the foreseeable future is to look for a short with good risk reward in the EEM as a...
A lot of political activity happening on this pair. Technicals are quite strong, further bullish outlook if it breaks 7.