Eur is loosing it's steam and the price of this cross is unsustainable without a strong EUR A long term market pressure (-4.2) confirm the downtrend a long term market pressure (-8.2) confirm that the trend is already started. A really good positive swap will help the fall
The movement of TRY/JPY has been guided by several patterns the most important of which for near-term trading is the seven-week channel down. Its upper boundary was tested early in February when the pair reversed from the monthly PP at 29.33. It is likely that the Lira continues depreciating against the Yen within the following trading sessions in line with the...
USDTRY Shark Patterns PRZ active, its just TP : 0.382 on chart Saw some bearish signs, trade with tight stop
The common European currency has appreciated substantially against the Turkish Lira during the previous nine months. The pair managed to reach a record high of 4.72 in late November and approached close this area once more last week. The general trend during the previous four weeks has been upwards, as shown by the dashed line. The Euro remained sticky to this...
Weekly uptrend has been broken and upper resistance has been established and tested. Weekly 9 MAV is about to cross below the 18 MAV and perform the perfect bearish cross. I'm all out short on this pair for a while. There not many guarantees in the FX world but this is one of them.
Weekly uptrend has been broken and upper resistance has been established and tested. Weekly 9 MAV is about to cross below the 18 MAV and perform the perfect bearish cross. I'm all out short on this pair for a while. There not many guarantees in the FX world but this is one of them.
I am slowly building a big long position in TRY/JPY pair. Turkish Lira is quite under-valuated at these levels and despite the recent strength of Japanese Yen I think in the long run JPY will weaken across the board. This is a carry trade position which will bring lot of interest while running. At 8.5% current interest rate of Turkish Lira outperform almost all...
The cross may have touched his top and start descending A negative pressure accross the USD help the fall. The fall is supported by a descending dynamic trend line. A negative long term market pressure (-6.1) confirm the downtrend A negative short term market pressure (-6.3) confirm that the fall is in act A really good positive swap for short positions will...
Since mid-September 2017, USDTRY is in a new impulsive wave. The price correction in the first two weeks of October was the 1st and current downtrend, started in 21st November, is 2nd corrective waves. I think USDTRY will continue to soften to 3.70-3.80 range. 3.70 is quite unlikely but if there will not be any extraordinary matters then a correction to fib...
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Dear treaders,,, After we had nice 4h trend line we broke below that line at the price 3.92 we had test back but rejections was strong. short trade is a long time frame i am going to hold this for few week. SL at 3.89 is good enough as if we break that level then we will see 4$ shortley. Good luck All ,,, NOTE : I will update this soon.
I expect it to continue to get more higher because of the pressure on Turkey Economy. If it breaks down about 4.60, short position must be taken.
The US Dollar is one of the many currencies, which are gaining strength against the Turkish Lira. Although the most patterns are similar on the pairs that involve the currency of Turkey, there are minor differences. In regards to the USD/TRY currency exchange rate the most notable difference is the fact that the pair is a the moment trading in a junior channel...
The Turkish Lira has been trading in a channel down against the Japanese Yen for the last three months. During this time, a new descending channel was formed. After failing to edge down to the bottom boundary of the senior pattern last week, the Lira reached its ultimate low of 28.00 and reversed to the upside. Meanwhile, the pair breaching the shorter-term...
The common European currency continues to book new high levels against the Turkish Lira. On all timeframes and scales the currency pair is surging and it has been like that for a few years. In the short term the pair is set to continue the surge. It should occur after the currency exchange rate finds support in a combined support cluster near the 4.66 mark....