Orange channel?? or Green Support?? or Below Red Downtrend?? Turkey's economic data comparison 2017-2018 External debt +%4 Negative Inflation +%112 Very Negative (%11,90 -> %25,24) Internal debt +%11 Negative Unemployment rate +%6 Negative Central goverment debt +%11 Negative Policy rate (Interest) : +%300 ( %8,50 -> %24,50) Very negative Gold Reserves...
Please like and follow if you agree.. * It seems price bubble has been collapsed to normal price range. * 3-month down trend tested once more. * Turkish stock market(-%3,05) * Turkish central bank is still selling(short) USDTRY on future market to maintain USDTRY. * 5.54(Neck) should be passed to say Double Bottom formation * Critical price level is 5.41 for...
Don't forget like and follow. In order to break powerful resistance; 13.11.2018; 5.576 + closure, 14.11.2018; 5.550 + closure, 15.11.2018; 5.524 + closure, 16.11.2018; 5.507 + closure is needed. Very powerful support and powerful resistance crosses on 20.11.2018 5.444
Technicals; RSI divergence RSI downtrend broken 1-)Downtrend no:1 will be tested. 2-)Downtrend no:2 will be tested. 3-)61.8 Fibonacci level will be tested.
USA excluded Turkey from IRAN sanctions. Turkish central bank sells like hell on future market. Majority of forex traders were wrong but Elliot Wave works. Please like and follow if you agree...
(T)echnicals; We see a RSI divergence this time, which means a strong buy signal. (F)undamentals; Turkish central bank allows USD-TRY swap change by 01-11-2018(Today). VAT and Excise tax have been decreased for some products including cars and white goods, which will have a negative impact on government budget. Inflation increased. (P)olitics; ...
Please Like and Follow if you agree...
01-Jan-2009 - 23-Oct-2018 Daily Close price data neural network analysis(Nonlinear autoregressive - NAR 1-2 delays, 10 neurons- 1 hidden layer, Levenberg-Marquardt backpropagation) 5.7420 23.10.2018 5.8501 24.10.2018 5.9547 25.10.2018 6.0453 26.10.2018 6.1165 27.10.2018 6.1667 28.10.2018 6.1978 29.10.2018 6.2138 30.10.2018 6.2195 31.10.2018
You can check out my positions based on my strategy as "BRK_Long" or "BRK_Short". Any comment is more than welcome.
After the presidential elections in US, USDTRY achieved a new all-time record as high as 3,29993. I believe there will be some profit sales and Turkish Central Bank will interfere.
Check my previous short then long idea too.
Since 4h %R indicator is overbought, and price couldn't break Fibonacci resistance @·1,12491 we most probably may see a decline in EURUSD till 1,12250, however all timeframe trends show uptrend including 1-5-15-30-60-240 & D. It means we'll see 1,12789 and 1,13270 till 8 November. 1st trade: SHORT P&L: 1,12430-1,12450 TP : 1,12270 - 1,12250 SL : 1,12530 -...
Short Position PnL : 1,12380 TP : 1,11695 SL : 1,12700