LETS SEE WHAT THE WEEK BRINGS!
The common European currency continues its long-term appreciation against the Turkish Lira. As a result, the pair is constantly pushing its ultimate high northwards. During the past three months, the Euro is stranded in an ascending wedge. However, it seems that a breakout is likely to occur soon, as the upper boundary of this pattern has been unreachable for...
The Turkish Lira has been stranded in two major patterns against the Japanese Yen. The dominant one is a descending triangle which was formed as early as mid-2016. Meanwhile, a more recent one is a falling wedge. It has constrained the rate in a downward-sloping movement for the last three months as a result of which the Lira moved slightly below its 2017 low of...
All negatives are all most likely priced in already Notes: -Curently just below strong resistance -Mike Pence meeting with Turkish PM on Thursday so watch out -TCMB member recently noted that Inflation will most likely be overshooting until December - 7-8 December will be EU-Turkish economic cooperation meeting -VISA situation still not fully resolved -Good...
This graph analysis depends mostly on the technical side, what do you guys think?
After reaching its ultimate high of 3.9217 in January this year, USD/TRY was set for a price decline. This situation changed in early September when the pair reversed to the upside once again. Thus, an ascending wedge was formed. The rate was trading near its highest mark since January on Wednesday when it reversed from the 3.90 mark. During this movement, the...
USDTRY is going down again from all time high? I would short it with 0.01% of my account. Main concern is the situation in Turkey.
Triangle target zone wiil be reached next week maybe @night or @day. This strong mono wave can be reached its target. Watching carefully GooD Luck
Lets what Friday brings! First 2 targets posted!
Stop hunt monster took the first idea but it still went our way. Now the cool thing is shes on a down trend. If we get above the top stop hunt box great entry for a short at the trend line! Lets see if this US news pushes her to where she needs to be!
Well lets see how this plays out. This pair closed under its ADR. Im expecting to see some bounce back or complete crumble lol....
This should be an interesting week for the USD. lets see what she does!
Lets see what this pair has for us today. After asia session short spike london then sell off and NY buys it. Looks like a common pattern for this pair and USDTRY which identical buy this pair spikes higher! Now my gut says that may change. If it does drop will take it to the 200 ema for this confirmation and then hold until the 800 ema is within reach. Will see!...
The Turkish Lira has been weakening against the Japanese Yen during the past week, thus forming a falling wedge. This pattern was formed as a part of a senior ascending channel valid since early January. The pair bounced off the bottom boundaries of both patterns late on yesterday, thus testing its six-month low at 20.65. From theoretical point of view, the Lira...
WELL WELL WELL. The USD has some strength this week. Looks like this cross pair will follow USD/TRY to the heavens. I previously had the this pegged to go short. It fell to the 50 ema on the 15 min chart and then just took off! Lol.
Following the massive plunge on October 8, TRY/JPY entered a period of consolidation in the result of which an ascending wedge was formed. The rate tested its lower boundary late on Monday and has since re-gained some lost positions. Taking into account that this pattern was preceded by a wave down, a breakout should occur to the downside. As apparent on the...
Lets see what this week brings. Its been try to hold on for a while now. Maybe its time to let go.