TURKISH LIRA / U.S. DOLLAR will Jump end of 2019
AS Bat Pattern is shown in the Chart
bat pattern market strategy like any other harmonic pattern is a four-leg reversal pattern that follows specific Fibonacci ratios. A proper Bat pattern needs to fulfill the following three Fibonacci rules:
AB= minimum 38.2% and maximum 50% Fibonacci retracement of XA...
Interesting to note that despite the nice gains Turkish equities saw in January 2019 (+15.7%) to make up for December 2018 (-6.87%), the asset class has experienced some nasty losses in February (-3.63%) and March (-4.36% so far) - all of which are quickly eroding all YTD gains.
Its the only EM market to have suffered such losses so far (rivaling that of South...
ALL ANALYSIS ARE MADE USING ONLY PRICE ACTION, NO INDICATORS. MULTIPLE TIMFRAMES ARE INVOLVED BEFORE TAKING A TRADE.
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Turkey Lira find bottom against US Dollar now?
President Erdogan doing everything to hold up the economy bully from US Government under Trump administrations. I think If this effort holds up we're praying that their country getting better, because their role is quite significant in Middle-East countries for muslim community all over the world. Turkey will be one...
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While interest in Bitcoin, particularly in USA, is flagging (ibb.co), interest in emerging markets with high-inflation or generally unsteady economies is rapidly taking off again (ibb.co). These people aren't laggards, they've been in from the...
Year-to-date, the Brazilian Real has out-performed the US dollar more than any other currency in The Americas, while the Turkish Lira under-performed all of its European counterparts.
Getting long at the 618 retracement which will also fall into the breakout of the pennant.
Targeting the 382 of the major peak and major trough.
The Trump effect has taken this a 180, since election day. The S&P is in fantasy land. The thing about reality is, it does become itself eventually. Fantasies end. The Pound is effecting Dollar strength, as are others. How long can the dollar bear the weight of all the world's currencies. When US tarrifs hit, they will hit hard.