As a summary my mid-long term projection is: BTCUSD: Bearish DXY: Bullish BTC.D: Bullish Altcoins: Bearish Contrary to most, i still do not think that money supply will push BTC and crypto prices higher. US dollar is still powerful and till inflation starts to increase and DXY completes its movement, all pairs against USD have to be in correction. At...
USD TRY shouldn't close today above 7.1 for a lot of technical reasons I cannot possibly mention here. Let me just say that there should be a ton of resistance there. Right now it is surprisingly holding very close to the top. If it doesn't close and spends a few days in this area the possibility's become increasingly bullish. In the event that it closes above...
Hi traders is time for turkey to sink ? lets watch drive safe
topped out, great potential for usd retracement profit taking shorter/mid time frames 7 - 7.3
In dollar terms, the Turkish Banking Index is in a long-term squeeze. With the new works that started to arrive, albeit late, after the Lira's compression, we can see that the index can throw itself back to the upper band at the end of 2020 and at the beginning of 2021. The estimated return on a rise up to horizontal resistance will also be over 200%... ...
I am following this crab harmonic about 6-12 months. Doing so well till now ...
Welcome to this analysis on Euro / Turkish Lira. EUR / TRY has been in a massive macro uptrend since 2019, It paused around the highs of the previous uptrend cycle of 2018 at 7.850. Since the 7th of May, the market has gone sideways, it had a pullback to 7.35, re accumulated there, and bounce back to the previous high. Looking at the structure, it looks like...
BIST 100 finished wave 1 and it break up trend , now in retracement (wave 2 ) we expect to re test trend line then back down to finish major retracement. monthly support will be 1 - 111297.66 2-105750.24 3- 101206.67 4-96757.18
My outlook on the Turkish lira, I think next year it will be stronger We can see the rejection after ATH at 7.3 meaning investors jumped in at those levels and price will probably come back to fill them more I'm interested in the area between 7.06 and 7.15
i think next target will be at 22.00 level
I foresee that (X) will return from this red area. When (X) becomes clear, the true value of (Y) can be said.
Note USDTRY's 92 percent negative correlation with Crude Oil on weekly. Crude oil needs to to trend up for USDTRY to fall. Long terms trends seem to be effected by Crude Oil, as is the case with Mexican Peso and Thai Bath with which heavily Lira correlates (90 and 88 percent). It also has 97 positive correlation with the Natural Gas (XNGUSD) on 4 hrs. Price...
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,...
In my previous analysis, I said that the dollar will rise above 7 TRY and we are on the target now. We will see higher prices, my next target is 7.60 levels for the long term.
It has just surpassed the 6.79 level, and is now heading to the next level at 7.10. The MACD is also showing us some bull strenght, and it the candlesticks were strong surpassing the 6.79 lvl (forming two white soldiers, on the 4H chart, and i believe it'll get to three white soldiers) We can also see a strong bullish trend starting around the early days of...
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...