Admittedly, I've not made a good call on the Lira so far this year. Fundamentally the Lira is way overvalued at ~5.60, it's probably overvalued even at $6 but the CBRT has found clever ways to prop up the currency through swaps (and a billion or so in borrowed Yuan). all that said, the algo is signalling long here, so I'll be taking a smaller position to balance...
usd/try 15min U.S. DOLLAR / TURKISH LIRA 15min
USD/TRY The pair was seen trading at the tip of the “Falling Wedge” pattern and was expected to continue going down in the following days. The 2016 failed Turkish coup attempt started the end of the relationship between the United States and Turkey. The coup was led by U.S.-based preacher Fethullah Gulen within the Turkish military. Three (3) years after the...
I am mainly equity guy, but from time to time a do trade FX, and there I have my favourites such TRY, NZD, AUD. Right now, my position is closed with +S/L, but I will take a closer look today to find the entrance for a new one. For me, MA200 remains strong resistance area , and this new trade will most likely have a T/P near Fibonacci 0.5 lvl . I will wait to RSI...
we use try/usd graph. do not use usd/try. Now 100/17,6. and it s gonna be 100/16,5 =6,06 of short term target from try/usd chart trend. ..QSupreme..
Such a nice sell 4-8 hours ago. Missed it unfortunately but you can still get in, it is a bit more risky though. You also get paid overnight swap for short positions on most brokers.
Hello dear Turkish Lira traders, merhaba arkadaslar! The last time we were looking at this analysis: => We can see that the bulls couldn't break the horizontal resistance at 5.78, so we broke the bottom at 5.67 and since then we're still in a downtrend, albeit that the market doesn't respect it much with linear trendlines. => Non-linear moves happen very...
Selling Lira because the overnight funding you sometimes get is just insanity! On my broker I get 0.05% on my LEVERAGED position... PER NIGHT! That's 1% in just three weeks! For example I sell a position for $1000 which is leveraged x100 = $100,000. I get $1000 in just three weeks which is my initial investment, this means I make 100% ROE in three weeks if market...
The technical rule set I've set up hasn't triggered a long call just yet but, if the USD can close above the trend line at ~5.715 it will. With the CBRT announcing it's rate decision in two days this could be the start of a substantial move up given the heightened political tensions between Turkey and the EU over drilling in Cyprus and looming US sanctions for...
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