TUR: Time to Invest in Turkey?With Price/Earnings of 9.3 Turkey is may be seen as good 'value' ...just ignore the other things like the impact of a failed coup, a weakening currency and a retreat by investors unnerved by political instability.
That said, the market is buying, with MSCI Turkey up 11% this year, and testing its upper side of the trend channel. At $37 its looking to break, and a price target of $42.5 to $46 looks achievable.
Emerging
CFOAM FPO ASX Head & ShouldersPossible Inverted Head and Shoulders formation or Triple Bottom. Wait for confirmation above neckline around .415
Emerging Bearish SharkEmerging Bearish shark
Emerging Bullish Leading Diagonal is forming which will corrects to the downside at the completion point D of the current emerging bearish shark
Long term trend is likely to be bullish
Bearish Anti SharkBearish Anti Shark with bearish divergence in RSI and sign of weakness in the bullish momentum and bearish AB=1.27CD
US Dollar Trade PlanUS Dollar has shown very little price movement since the 2014 bull run. US Dollar has stayed in a tight range and based on technical indications we could be seeing one more low before a catapult to higher highs.
US OIL , GOLD , SILVER, EMERGING MARKETS
Rapid movement in US Dollar can have a big impact on USOil as well as silver XAGUSD and gold XAUUSD. Higher US Dollar can also have a big impact on emerging markets EEM and we could see money flow from US into other investments.
$WING-Short TermThe lines are at those positions because of the recurrence of trend. Of course the stock has the potential to go higher then my recommendation of stop limit price. This stock has good value for both going long or short, this graph shows the short side of it. NASDAQ:WING
Hang in there holders of Turkish LiraAs you can see by my chart, every time the price has hit the top of the linear regression, and 0.04 on the MACD, the price has reversed back down again with the CCI, DeMarker and Stoch RSI gradually falling back into their respective channels. Without consideration of any further shocks to the market, I think that political instability, the conflict in the south and east, I believe these factors have already been built into the price. I dont' believe the price will fall back down in the next few days, but probably drift lower over the coming weeks with the price potentially hitting 3.20.
The overnight will hopefully make baring this loss a little more bearable and a small short at the top of the resistance line should be considered to mitigate open losing positions.
EURGBP Bearish Then BullishEmerging BULLISH ALTERNATE BAT pattern to start -- May 3rd 2015 around 0.6960
