EU sanctions to Turkey aren't good for the currency. If it drop below 0.14527 support, which isn't that strong, it will fall to 0.14450 and lower. 🎯 0.14450 / 0.14400 / 0.1435 / 0.1427
About ROC Strategy : Go Long when the ROC crosses above the Value of '0' Short when the ROC crosses below the Value of '0'. The strategy is a reversal strategy through the use of the 'Cover and go Long' and 'Close and go Short' Actions. The ROC property of 'Period' can be changed for testing purposes using the available ROC 'Factor' Important Notice...
📍 The panic leg here is because we are reaching the endgame in the economic cycle. There is a risk of Turkish banks defaulting on this leg so watch-out for any exposure to specific sectors. If the operation demonstrated is a successful attack, then we have the final ✅ for those trading the macro move called last year: EM FX looks extremely vulnerable for any...
krstl seems to carry on its upwards momentum that has started especially on friday. it is currently at the critical resistance level and it will spur if being able to brake the resistance. #krstl
Did The Turkish Stock Market Correction Vanish or Is It About To Happen? The above references an opinion and is for information purposes only. It is not intended to be investment advice. Seek a duly licensed professional for investment advice.
Akbank, one of the largest banks in Turkey have devalued -86.18% in last 10 years against United States Dollar . Even though most of the Turkish Banks are listed cheaper than a bottled of water, why foreign-investors still keep liquidating their positions? There have been many political, economic and geopolitical changes since 2010 in Turkey. Whilst...
Swings and position building We have witnessed a tremendous amount of profit taking after clearing the 7.23 targets in USDTRY and are arriving back into major support territory. The pick-up in local activity was notable as banks were forced to defend the TRY. Many clients I speak to are happy to continue buying USDTRY , the picture looks gloomy for Turkey and...
As you see, current bullish move was already predictable from October 2019 using TD (DeMark) breakout projection no. 2. Now, price is facing very strong support - May central pivot range (CPR), May Camarilla S3 reversal level, yearly classic S2 pivot, yearly Fibonacci S3 pivot (did not plot the last 2 to have it more clear - but they are there) all at same point,...
Recognise that this demand for USD is squeezing USDTRY into the secondary macro swing targets at 6.60xx. This is completely inline with the forecasts and all those in leveraged positions are inclined to take profits. We are not out of the woods (yet) and large hands will continue to buy dips in USDTRY as long as we remain in risk-off flows. As widely...
The possible range seems to be between 12000 - 16000 area for next couple of months.
The pair followed the world as DXY has crossed beyond the 100 and EM currencies couldn't resist global dollar demand. So, it's time to update the labels. We are in yellow wave Y already and it reached the equal distance of wave W. Potentially it could tag the former top at 7.0830 where Y will be equal to 1.618 of W. This will complete the wave X (white...
Here we are tracking the continuation of the move down in Oil. On the demand side, manufacturing is starting to slow and we are outguessing signs of the effects on the demand side. Equities wont be able to hold Oil up for too much longer, this is starting to look clearer by the day. Prices will have to fall to offset the move in demand, once this starts...
I'm now bearish for LIRA. It can be a good opp. for bringing average Price down. 5.65-5.78TL range will be a good entry
USDTRY could dip now into 5.45 area to complete small wave X (white label). Then the final move up with wave Y in larger degree X could emerge, which could tag former top of 7.0830. After that the large Y to unfold down to retest the bottom of the entire consolidation at 5.1300
1. Wait for breaking parallel channel or resistance line then take long 2. Wait till lower band of parallel channel and then take long Turkey officially declare war against Syria. it could bring chaos to middle east. Russia also is defending Syria. Turkey threatened NATO to support otherwise it would open its borders and free Syrian refugee to flee to EU...
ENTRY: 12.800+- TP: 13.100 TP2: 13.400 TP3: 13.700 SL: 12.250 Chart time frame - 1W Time for reaching TP - 1-2W Follow, Like, Share or Comment Thanks on supporting! All best!