EURO - TURKISH LIRA | I used 2 methods: The Purple color is a Parabolic Curve Step-Like Formation and The Blue one is Livermore's Speculative Chart. $EURTRY will top @ 16 and will break the parabolic formation followed by a 80% correction. So 80% correction from 16 will bring $EURTRY to 3.
The Chart speaks for it self!
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.
Nothing change.
The Turkish Lira continues to weaken which we can see in this chart where the US Dollar is displaying dominance over the Lira. Since the last post, price has risen by 1,390 pips which is 1.8%. Based on the weekly timeframe, price has not yet formed a clean pullback so we may be due one. But if the trend is strong, then we may not see a pullback for some...
Price broke up from major liquidity base and is in unchartered waters. In such case I would watch round numbers levels. I would expect a reaction at 8000. Watch what price does at that level. Right now we hit October H3 reversal level. There is a chance of reversal here.
Just for shits and giggles. Be careful out there. Never trade with leverage, always seek professional advice - or better be your own trading/financial advisor.
Hello everyone, here is the top-down analysis for GBPTRY, feel free to request any pair/instrument or ask any questions in the comment section below. Best of luck!
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.
Tam burada 200bps faiz artırdık Etkisi ne olacak? Esas sorumuz bu. Düzeltme tetiklenirse aşağıda destek olarak 7.26 Tepe aşılırsa yukarıda 8.25 bizi bekliyor. Right here we raised 200bps interest rate Our main question is what will be the effect? 7.26 as support below if correction triggered If USDTRY hit and pass the higher-high 8.25 above awaits us.
After a series of stealth measures by the central bank to contain the lira's weakness: such as ceasing to provide funding at its cheapest benchmark rate which began in August, Gov Uysal increased the benchmartk one-week repo rate to 10.25% from 8.25% on Sept 24, 2020. He assessed that such tightening steps should be reinforced with the rate hike to contain...
Hello everyone! EURTRY will continue the uptrend after breaking out of the triangle. Wait for a breakout at 8.86300