According to new financial politics from president Erdogan, there is a chance to follow long therm trend short agains dollar.
Great trade that was again with a take profit hit at exactly 15,7 level as per our previous idea : News: Turkish inflation has reached its highest level since Recep Tayyip Erdogan came to power almost two decades ago as the president’s contentious economic management sparks a surge in prices. The country’s consumer price index rose 36 per cent year on year...
Hello Traders, I was away for a couple of months due to personal matters, but I am determined to support you again with my outstanding ideas in 2022. So let do this! A beautiful curve stick pattern is forming. Buy USD/TRY at 12.8 TP 1: 13.94 TP 2: 14.60 SL: 11.22 The Content is for informational purposes only, you should not construe any such information or...
Turkish Lira snapped a five-day rally yesterday, challenging government assurances that it’s on a more stable footing after measures were introduced a week ago to stem its collapse. After the Epic rebound last week the worries seem to be returning. As you can see on the chart, what used to be 3 Liras to a Euro became, 6 then 9 and now 12...after stopping first...
Turkish Lira Chart / US Dollar This is just an idea, and it depends on Turkey's economic policies.
Firstly, guaranteeing cash deposits against FOREX depreciation does nothing to restore faith in a broken central bank. Secondly, any time a Government imposes draconian fiscal rules (banning crypto or discouraging USD), society revolts.
I don;t know if y'all saw the currency run last week, but hilarious crap. This is why I trade TURd options. I once caught one of these runs and made an absolute killing.
This has to be one of the biggest FX candlesticks of all times! Turkish President Recep Tayyip Erdoğan on Dec. 20 announced a series of measures to encourage lira-denominated savings, easing the pressure on the Turkish currency. In a televised speech following a Cabinet meeting, Erdoğan said the government would offer a new financial vehicle that would...
Turkey breaks a key area of support that dates back to 2008. Turkey is collapsing towards hyper inflation.
U.S. Dollar / Turkish Lira 30M 16th December, 2021 The 30 Minutes Chart with rising channel, we wait and see if the pair manage to break the upper trend line. Rejection and sustain trading below the line may see a correction first down to 14.3 area.
Political and economical conditions are settled for a hyperinflation cycle in Turkey. Rampant inflation, panic hoarding of real assets, limits in banks, negative reserves excluding swaps, and crazy politicians. Compare it to the argentinian hyperinflation cycle, the patterns are the same. Short Turkish Lyra,we could see a small retrace here, but the cycle has...
A Possible wave count on $/TL 2H chart. The trend as shown may target 16.
MSCI Turkey is as low as it was during the crisis in 2008. I'm expecting a bounce from these levels.
USD/TRY yesterday remains range-bound near $12.40 heading into Monday’s European session. The Turkish lira (TRY) pair snapped a two-day downtrend the previous day while staying past a weekly ascending support line. Given the MACD line teasing bullish cross, as the quote remains above the short-term rising support line, USD/TRY buyers are likely to aim for the...
I think that given Erdogan's misguided policies, but new and improved policies in the future, we can hope that the Turkish lira, after reaching tp around 18$ or 19$, will get correction and fall down to near 7$, which It will be a big correction for this currency. Good luck turkey
EURTRY - PROJECTION 2023 y. 37 TRY per EUR in science we trust !
BTCUSD showing a very unique pattern.. lets call it the thanksgiving pattern. Happy trading all !
Could this uptrend channel control the trend? What happened if the pair breaks the upper trend line?