TRY 11 - 11.50 should be followed as a strong support for SOKM whereas 13.19 and especially 14.72 is being a strong resistence. If SOKM is able to break above, investors should aim for new all time high which is TRY 18.00. This is not a financial advise. SOKM için takip edilmesi gereken destek bölgesi 11-11.50 lira iken, 13.19 birinci direnç, 14.72 ikinci ve...
Hi, my name is Shooter_Forex . USDCHF Demand Zone D1 + Reduction structure model. Sell Limit Good Luck! I use the following methods: 1. Price Action 2. Supply Demand Zone 3. Risk management: Investment capital (4% / deal)
I posted this long Idea based off this green trendline shown, back in February. Price reacted to that level, but more importantly are the Macro events in Turkey at the moment. I see the trade long. I have highlighted a 2:1RR with 1% Risk. This is a 12 hour chart...I am stepping back in timeframes to wash away some of the silliness in the market, it's helping.
It is pretty debatable but lira may hit an ATH or at least lira had a local top. The fundamentals are bleak or against the lira but US dollar's depreciation has a limited impact on the trend. Moreover, Wyckoff's schematics, in particular distribution, supports the idea. 7.15 will be a quite important support. 6.07 and 5.12 will then be important levels to follow.
EM countries have suffered a lot from the pandemic. As the relief packages are announcing across the world and central banks providing money, some EM countries have seen a rise in stock markets. At this point, we should take into consideration currency losses. When we look at the Turkish stock exchange based on USDTRY chart, it is clear that it has still not...
📌 Turkish Lira for the Yearly Close The strong points of the rally which we went into more detail was an absolute momentum move; the flow was a force to be reckoned with and undermined all sides of the Turkish banking system, collapsing like a house of cards. After 2019 the helplessness of Turkey's Erdogan was quite something. My dear readers, populists...
The USD is being replaced by a shitty centralized cyrpto token similar to Turkey. The technocrats are coming for your money and they show no signs of stopping.
Investors are taking advantage of the cheap Turkish Lira and buying Turkish assets before the Lira is expected to strengthen as the New Central bank governor implements an orthodox monetary policy of high-interest rates to reign in high inflation. Strong buy if next year a vaccine is available and the global economy re-opens.
Technical support levels shown where each time it advances. Fibs are extension of last range and low.
Analysis based on Fundamentals and Price Action. With risk Management you Will NEVER loss. Thank you.
U.S. Dollar / Turkish Lira Daily Chart The L/T trend may show an all time high in the corner. Elliott Wave count may support this scenario.
U.S. Dollar / Turkish Lira Monthly Chart Has the Lira achieved a historical bottom against the US Dollar? The chart pattern and a possible Elliott Wave count may suggest so.
Erdogan keeps shorting his lira thus has an advantage for exports but at the same time inflation, incoming hunger and tensions with all of the West is bringing Turkey closer to sancions or isolation. No happy times, only problems at the moment. We all home he reasons up and behaves like a human being.
Nothing change.
Nice and clear up trend on the Turkish Lira with many buying opportunities, I guess we'll see some corrections and we can buy when touching the lower boundaries of the Fibonacci channel and we see HH and HL on the 1H chart.