I'll explain it from every detail-- the full circle from start to finish. The times have changed for the retail trader, and in essence scalping and day, trading has, in essence, become a complete waste of time for the average person looking to make even a small gain in the FX market. In the last 6 years, day trading and scalping have become worthless strategies,...
Nice risk/reward trade, breaking below the low of the 12 hour TD9 and also the rising trend line has been lost.
The highlight of the week for liquidity will be the FOMC rate decision in 4 hours. 5 things to watch in today's press conf: 1) Optimistic or pessimistic forecasts? 2) Support for the economy 3) Negative rates 4) Bubble trouble? 5) Urging fiscal stimulus Conclusion The next big moves in markets depend on the Fed. Optimism and commitment to act would boost...
Hey, I am back with another Forex idea as I said, that I will deliver a one Forex Idea every working day. Let's get into chart. Basically USD/TRY has printed a rising wedge which is considered as bearish pattern and is expecting the price to see a spike down. RSI has also printed a bear flag, overall this seems like a good trade. Don't forget to follow me, to...
The Turkish lira eases against the US dollar in the recent sessions following its persistent attempt to recovery. The USDTRY exchange rate is currently seen gradually moving up today but it’s widely expected to turn bearish once again in the coming sessions as the buck buckles. It was recently reported that Turkey will now continue to back investments in the...
USDTRY is a clear buy after NFP news impacted on Friday with a strong uptrend. This should rally up high through the rest of the upcoming week. TP: 6.800+
The pair tried many times lately to breakout the resistance (B point) , once we break it we may see gains till +2%
$U.S. Dollar Index 18:10:13 (UTC) Tue Jun 2, 2020
We're ready for a cup and handle. RSI break the trendline. Target and SL is on chart. Wait for the end of 4H candle to decide to go or not.
On the long run, longs will definitely win.. But on short-term, I believe we have more downside..
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...
Hey, I am back with another idea, this time looking at Forex pair of USD/TRY USD/TRY pair has been spotted in a bear flag, which is considered as bearish formation, strong in downtrend and also as the EMA's are getting tighter, there is move likely to happen soon at this level. I would short this pair at the resistance area. Have a good luck with trading, don't...
The recent rate cut from the Turkish central bank has stopped the recovery momentum of Turkish lira investors. As of writing, it’s seen that the pair is gradually gaining once again and this time, it’s believed that bulls will bring it back to its resistance. However, it’s still uncertain whether bulls will have enough strength to break the pair’s resistance as...