diego.quevedosanchez

diego.quevedosanchez

The Turkish central bank takes an aggressive measure to contain the Turkish TRY and raises rates to 16.5%, stating that it will take more aggressive measures if the TRY price and inflation do not improve, it is more likely that the price will now go to 4.10 minimum area

diego.quevedosanchez

Since Erdogan acted in an irresponsible way, is endangering the stability of a whole country, and can unleash greater problems globally, right now it is a speculative bubble, and if it follows the same behavior of examples such as Bitcoin, bubble of the tulips, ... The collapse of the pair can be proportional to the rise, in weaker currencies this phenomenon has...

diego.quevedosanchez

Possibly the Turkish lira will depreciate more in the future, but right now the price has gone too up, seen the last times the price has passed by correcting 50% of the fibo of the previous upward movement, the price is up parabolic, and the experience with bitcoin, crisis 2008, 2001, tulip bubble, ... This depreciation is untenable, Turkey is not a country in...

diego.quevedosanchez

The inflation forecasts are slightly below what was expected, the strength of the dollar may be close to end, and if it assumes that the Turkish bank will intervene, it is likely that this pair will fall back to 4.20 before regaining momentum.

diego.quevedosanchez

The economy of the United States, appears strong, but the treasury yields hide a different reality, which shows inflation problems, in the monthly graph it is appreciated as the dollar rises of minima marked between January and February, but it runs into the line of bearish tendency and with a complicated resistance, we are in a different situation with the FED...

diego.quevedosanchez

The Turkish lira depreciated notably in recent days, the market is overreacting and the price is saturating upwards, reaching a maximum of 4.46 in a matter of minutes, a movement not sustainable in time with a parabolic rise, and with catastrophic news everywhere for the lira, it is likely that the price will initiate a corrective movement to the area of 4.10

diego.quevedosanchez

It is very likely that the pair retreats, has broken down the downside wedge after a very explosive movement upwards, the pair has broken the synchronicity that led with the indices, it is likely that the pair will correct after not having corrected as have made the indices, we will see what happens with Kuroda.

diego.quevedosanchez

After not being able to break the lower part, the pair rose again to resistance, but each time it does it is less traveled, most likely as the bulls can not break and be subdued by the bears, the pair should go back to the support.

diego.quevedosanchez

The retail sales data have culminated a series of very bad data in the UK economy, the bullish rebound of the last hours is only due to technical issues after the break of a significant support of weeks, in my opinion the pound should restart the downward movement to the monthly pivot, and from there it could go much lower.

diego.quevedosanchez

The EURUSD reached 1.25 which turned out to be a very strong resistance, which has helped this resistance are the poor inflation data in the eurozone, a much more cautious ECB, and a euro zone worsening now the pair should retreat to zone 1 , 16-1,15 quite important support.

diego.quevedosanchez

The pound despite good data from manufacturing PMI has come down, has broken the bearish flag and in turn has taken the clavicle line of what resembles a shoulder shoulder, fallen to the next support. This tells me that the pound shows much more weakness than the Canadian encouraged by a possible NAFTA agreement.

diego.quevedosanchez

After several rejections that co-coincide with a resistance in weekly, the price starts to react to the downside looking for next support, most likely next week the CAD is one of the strongest currencies, together with the uncertainty of the brexit, and a accelerating inflation that favors commodity currencies. It is likely that the pair is headed with enough...

diego.quevedosanchez

The pair has formed two flags with bearish implications, should resume after the data in usa that show inflation accelerating much more than expected, favoring currencies linked to raw materials, pbi data added to mortgages and more monetary they detract from the pound.

diego.quevedosanchez

Zone of bearish pressure now with more confirmation now waiting for it to fall to more important support, in the end the pair has again tried to break up but has been rejected, again fails and the bearish divergence supports the reversal.

diego.quevedosanchez

The pair has just completed a fairly wide divergence, in the European session has received a strong rejection, so I think that after this small bounce from a lower support should go to find the next most important support, around 1.79

diego.quevedosanchez

The zone of resistance that I mentioned in my previous analysis is invalidated as strong resistance, the price has broken it and it has gone to maximum but it has been unable to overcome it again it should restart a movement towards support.

diego.quevedosanchez

Gbpcad after breaking support, has returned to break zone, from there should go to the next support and spend a time in range, since the Canadian economic data show a solid growth.

diego.quevedosanchez

After being subjected to bearish pressure have made two purchases approbechando the setbacks, possibly when everything quiets the bitcoin is directed upward much more smoothly.