🔔 BUY Signal Alert! 🔔
🔗 Ticker: USD / TRY
🌐 Market: Forex
🔄 Side: Long
⏱️ Type: Swing Trade
🎯 Entry: 31.95
🛑 Stop Loss: 31.32
🥇 First Profit Target: 32.43
🏆 Final Profit Target: 32.88
The CHAMLEO EDGE model uses a proprietary algorithmic program at the pre-market auction to identify potential stocks for each day. The algorithm then calculates where there is...
I see that there is a pattern forming that indicates the beginning of the expected correction of the Turkish lira against the US dollar. Please note that this chart is on a monthly frame. It will take a medium period to be implemented.
From my point of view, according to this analysis and data, there will be a small rise near the area of 32 to 34 Turkish liras per...
Indeed, the price has reached 32.4 liras and a correction has begun, but we need some time to confirm whether this correction will be deep and large and not something simple.. Let us give it some time and see.
A quick update on the future of the Turkish Lira (TL):
Interest rates will rise to the range of 30% to 35% and will remain high for the following years (possibly 2-3 years). The Turkish Central Bank will stop printing vast amounts of money, and getting loans for purchasing houses or cars will become difficult. This action will lower inflation for few years. TL...
Decades of shorts are over imo.
Geo setups are very interesting from my point of view, regarding this region.
CU ltr.
All currencies appearing in this post are fictitious.
Any resemblance to real currencies, existing or dead, is purely coincidental.
The Bank of Turkey will have its policy meeting on November 23, 2023. Whatever the outcome, I expect it to be good for the USD. Therefore, I am long now and will hold this pair through the meeting and beyond.
The USD/TRY has one of the highest Roll Over Interest out there should you choose to take on this highly volatile pair. It isn't so much that it is volatile, it has to do more with price just moves one direction, and that is up. The way we want to go is down (short) or at least sideways (ranging). Why is this interesting? It is because the Rollover Interest...
Price has been pushing higher and higher and climbed thousands and thousands of PIPs since 2021. But with the increased interest rates (42.5%), will this be enough to prevent price from higher? Potentially. There needs to be more confidence in the Lira, which could be happening. Pimco and Vanguard (US Investment Companies), are investing in Turkey, which could...
Overview
I'm calling 2024 the end of Lira selling.
The Details
2024 could see Turkish inflation peak🗻
The main driving force of the TRY selling has been unconventional monetary policy, erratic changes of the head of Turkey's central bank and finance ministers, and undisciplined high inflation
A rate hiking cycle has been in play since May 2023 - rates...
This is just informative, as it is clear the pair is heavily manipulated. However, it is interesting to see the FX forwards, having widened again since 8 days ago, and 42.5% rate setting central bank, does reflect the heavy cost of carry being short the pair. Obviously, this is to combat the weakening of the currency. I remember the French Franc overnight rate of...
building a SHORT position for the SHAKEDOWN
and BASE BUILDING towards 10.0 levels
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#LongShort
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Fundamentals:
it takes 20years to settle debt or unfinished obligations by a company country and aliens...
til then.. its currency be it fiat land or spirit is devalued as form of compensation
in layman; a person heavily in debt lacks BARGAINING POWER over...
There is strong resistance between sellers and buyers of the Turkish currency, and the monthly candle that ended there is strong support for a further decline against the dollar, but there is an indication that the rise is nearing the end and will stop soon in the shaded area above, and I believe it will become an area of resistance and strong support for the...
This red candle referred to by the arrow is a candle whose body is very small and does not have any volume. This means that it is a test candle for sellers and it succeeded. There are no sellers in this area. This means that the market maker will raise prices in the next two candles and start rising because he has ensured that there is nothing that hinders the...
