Turkish Lira very fragile. 31 March Local Election date for Turkey. I'm waiting for an upward reaction
In this graph just wanted to show the resistance/support lines. *There are several ARTIFICIAL reasons why USDTRY dropped. So what has happened was fake, the reality of this pair is way higher than this. *Let's wait for the next week for the show, the way is up. !!! This is not a recommendation for an investment !!! Hope you will like my graph, thanks
Almost six months after the rate hike which pushed Turkish interest rates to 24%, the Turkish Central Bank wants local banks to use one of two more expensive funding windows, standing at 25.5% and 27% respectively, as it suspended one-week repo auctions for an unspecified period, as it announced on March 22. The announcement came less than a year after the Central...
USDTRY completing C wave larger degree flat making up the B wave of larger degree correction.
BUY AROUND 5.34 TO KEEP IT 2-3 MONTHS. SELL AROUND 6.4 A DAILY CLOSE BELOW 5.15 SHOULD BE STOP LOSS. THIS IS A LONG TERM TRADE. CONSIDER SWAP AMOUNT YOU ARE GOING TO PAY.
I will open buy near 5.4832 - Price bounced several times from that level - Near 5.4832 low risk and potential profit in 5 - 10 times bigger than a risk After 22.03 better will be to open Buy entry on pullbacks, because after such huge up move trend changed
Video analysis of EUR/USD & USD/TRY
Below 5.6500 level a short oppurtunity till 5.5500. If pair stays above 5.65 , the next target would be 5.72, 5.80 and 6.2000.
I believe the local election would help to the goverment for next few days and Mr. Albayrak has announced they will show the economic programme in April. But i think that programme will suck cause the Turkey have more serious economical and political problems like unemployment rate is most highest rate before the 2008, the inequality of the Turkish citizens are...
USDTRY completed a flat correction, looking for more upside. Look for entries on pullback.
No one has a crystal ball for the Forex market, but what we do have to look at is history. Although past performance does not guarantee future results, when it comes to the Turkish Lira’s current situation, history shows some alarming parallels. The patterns do repeat themselves -- and with good reason. The stock/ Forex market is governed by a set of two...
USDTRY Weekly Long Prediction TP1: 6.63354 TP2: 6.83549 TP3: 7.06000 This is not investment advice Obviously I do not use sl , adjust according to your own account
USDTRY 1D Upperpressure Long TP1: 5.65338 TP2: 5.87950 TP3: 6.24000 TP4: 6.41884 This is not investment advice Obviously I do not use sl , adjust according to your own account
Above 5.4500 Usdtry moves to 5.54 target level strongly. Despite the Central Bank of Turkey's interest decisioin, usdtry continues to rise from thursday. With strong dxy the drop on the pair seems impossible.
If USDTRY closes above 5.39 ( Breaks the purple resistance level ) it will target 5.48 and 5.58 . A close below 5.36 should be the stop loss level
Disclaimer: If you are primarily interested in copying other people’s trades then this is not for you. However, if you are willing to put in the work that it takes to learn how to trade for yourself then you have found the right place! Nevertheless please be advised that you can give 10 people a profitable trading strategy and only 1-2 of them will be able to...