Increasing trend line is around on 90K... If we stay above 90K: TARGET => 145K - 150K
Breaking through the important pivot level of R2, the USDTRY continues to rally of the back of expected interest rate hikes. President Erdogan's monetary policy comments had little dampening effect with the USDTRY skipping past the key 4.38 level. Will Turkey's Central Bank be able to manage the current levels of inflation in the short term? Trading Forex / CFDs...
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...
The uptrend from late last week has been broken. It was actually broken last Friday before the market closed. Hard rejection from a previous and we've also produced a nice head and shoulders pattern. I'm short on EURTRY and will take profit in the 4.96-4.94 area. Best of luck trading and as always, please comment your opinions below. Thank you!
Big opportunity. Good luck.
These days i see charts that goes upside with cup and handle. This can be sideway consolidation. With coming next week a strong selloff and good news. Yes this can be.. I am not sure about anything. Two possibilitys can be. Good Luck.
Weekly uptrend has been broken and upper resistance has been established and tested. Weekly 9 MAV is about to cross below the 18 MAV and perform the perfect bearish cross. I'm all out short on this pair for a while. There not many guarantees in the FX world but this is one of them.
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...
$USDTRY is giving us a huge buying opportunity. Gaps at 3.6730 and 3.6184 probably will be closed. Combined with the technical view, political instability and the Zarrab case may trigger 4.25-4.30 by the end of February. #Dolartl 3.6730 ve 3.6184'te kuvvetli alim firsati veriyor. Gapler kapandiktan sonra muhtemel 4.25-4.30 bizi bekliyor. Kacirmayin derim.
MIL:ITKY Since 2013, the monthly graph shows the mantainance of the support at around 20 and decrescing maximums. Let's see if it will be able to break up the triangle or it will confirm the descending pattern. High volatility is expected in both cases.
I expect that the price of Turkish bonds will continue decreasing even lower and lower. In few month or soon it could be invest-able as a market dip. That means there is a point where it can go down even more and then have a burst in price for a temporary period of time. Overall it is extremely high risk with the potential of some sustainable returns. If I was...
The pair broke above the resistance finishing correction. The previous top is the minimum target. Risk/reward more than 2. US Dollar moved in a mighty bullish move recently against all major and emerging market currencies after Fed billed the trim of its balance and secured the yield rise in December. US T-notes already dropped huge. Demand for USD will rise as...
I cleaned up the chart a little. I'll give you 1 guess where we are headed? $9,000 by Turkey Day?
All negatives are all most likely priced in already Notes: -Curently just below strong resistance -Mike Pence meeting with Turkish PM on Thursday so watch out -TCMB member recently noted that Inflation will most likely be overshooting until December - 7-8 December will be EU-Turkish economic cooperation meeting -VISA situation still not fully resolved -Good...