TRYUSD (Reverse of USDTRY)
Starting from 2014 :
There have been 3 similar cycles.
All cycles starts with a reverse cup&handle and
ends with a sharp fall from the support line that is the bottom of that reverse cup & handle.
We are in the 4th cycle now and if it continues like that my prediction is :
On January 1st : 1USD = 11 TRY
Many peaple not understanding derivative in calculus, them a show that is a velocity of coin´value. maybe in line graph is more easy to see. i chosse turkshi cause is more away of usa. i belive that gmt is a phase of real global price in a absolute time.
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...
Google Trends is your friend!
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...