The Turkish Bubble. How it formed and why it will probably keep deflating for years to come. In short, Turkey was motivated to modernize its economy in the wake of Greece's adoption of the Euro which solved Greece's inflation problem overnight. Turkey proceeded to revalue its currency essentially by removing six zeros from its banknotes. It also made a pledge...
I see a trade on this exotic pair. I am highlighting an entry method I use to find entries and exits of sound setup patterns using Japanese Technical Analysis . 1% Risk - 2:1 RR
Hello my dear Turkish Lira traders & everyone else who is interested in the ongoing Turkish Lira crisis. As always, we look at the fundamental news first, and second at the technical analysis. Important fundamentals: -The Turkish government has ruled that exporters might convert 80% of their foreign exchange revenue into Lira within 180 days -The central bank...
Hello my dear Lira traders! :) Fundamentals: The language between the US & Turkey is getting harsher. National security advisor John Bolton came out and said that Turkey is making a huge mistake by not releasing pastor Brunson. Ibrahim Kalin, spokesperson for president Erdogan, is now speaking of 'economic warfare' against a NATO ally. Technical Analysis: We're...
Hello my dear USD/TRY traders, hope you're doing fine guys! ;) In today's video, we're gonna be looking at the fundamentals, and will analyse the pair in the end. Important was: -Trump is not backing -Also the FED is concerned about the rapid collapse of the Lira -Sigmar Gabrial (former German foreign minister) & Andrea Nahles (current chief of the German Social...
Hello guys, hope you're doing fantastic! ;) In this special analysis, we look at the fundamentals of what is going on with the Lira, why it's losing so rapidly in value, and also the big picture on the weekly chart. Have fun watching! ;) If you had some value from my analysis, make sure to like & follow me so you don't miss it next time, I'm doing Daily...