As shown in the chart.
Just dropping a though about the recent correlation between the fall of TRY and surge in Bitcoin, that came simultaneously (within days). This can be explained by capital flowing through the black market, having bitcoin as a medium. Investors wanting to flee, converting the turkish to bitcoin then converting the bitcoin to another currency. It looks like bitcoin...
After election weekly candles going in sync. If this is continue, we will see action in 3-4 weeks.
After a continues growth of dollar against Turkish Lira in last few days , now we can see a down fall towards 5.87 Sell at 6.02 - 6.03 Take Profit at: 5.8724 Do your trading with proper fund management
As per our technical analaysis, Turkish Lira will get stronger as compare with Dollar so here is a short trade Short / Sell at: 5.8862 Take Profit: 5.7254 Stop Loss: 5.9842
USDTRY making 1H flag for final leg up to finish B wave
Pattern: 1W Channel Up. Signal: Bearish once the price makes a Higher High. Target: Around -10% from where the Higher High is made. *If 6.22990 breaks, close and wait for a new (quite possibly more aggressive) bullish pattern to trade.
A . We can get a long trade if the price close above strong resistance channel at 5.8600 To: TP1: 5.9500 TP2 : 6.2000 stop lose : 5.7800 B. If the price breakdown upward channel we can get short trade or wait for new long trades from 5.64500 and 5.5100 with small stop lose This is not an investment recommendation or any call to buy or sell It is just an...
EURTRY daily chart short signal if the price doesn't brake the price 6.6
=> For those who believe in the bearish Turkey story, we are in the early stages of a 5th wave which we mentioned in our previous ideas... it can be seen clearly here and shows how the floodgates for the highs are wide open. From a technical perspective the 5th wave target, the first major target is 7.85 (assuming wave 5 is a 1.00 ratio in length of wave 1)....
USDTRY 1H getting ready to breakdown soon. Look for sells on the breakdown from this structure.
potential rising wedge pattern. Targets are shown on the chart.
If you get involved in provocative acts, saying ‘foreign currencies will strengthen, this will happen, that will happen’, you will pay a very heavy price - Erdogan TRY Fundamental Quant Score +60 USD Fundamental Quant Score -4 Investors seek reforms, fear populism Lira initially weakened 2.5 percent Shares rise 1 percent (Updates lira, adds London...
Bond yield inversion Bond yields across the globe continued to decline this week, as bond traders offered the strongest indication yet that a global economic recession may be coming. The US ten-year bond yield dipped below the yield of the three-month Treasury bill for the first time in over seven years, while German and Japanese 10-year bond yields continued...
5.64 is critical. In daily closing, this figure may cause us to see 5.53 Continue to follow today