The Turkish Lira (TRY) has been an embattled currency for decades and in its Euro pair (EUR/TRY) it had some relief but it looks like the halt to continued Lira sell-off may be soon over as EUR/TRY looks ready to burst out of its multi-week descending triangle. In this video I look at one recent example of a similar triangle formation and its outcome, comparing...
Hello traders, thanks for watching/liking/commenting! Today I am looking at my BTC/USD short (entered on Tuesday and in the money) and also giving an updated on my EUR/TRY long (in the money) and USD/MXN (in drawdown but improving). Key video points: - discuss my profit targets on the three trades; - discuss the CC (correlation coefficient) between Bitcoin and...
Hello traders. I have been in a bit of a pickle this month: between elections in the US and a stalling EUR/USD, my demo took a bit of a hit (more than I care to tell) and one big mistake was to go long SP500 on the NYSE open the very day that a Covid19 vaccine was announced... There was optimism on Wall Street and I was looking for some direction in anything that...
Investors are taking advantage of the cheap Turkish Lira and buying Turkish assets before the Lira is expected to strengthen as the New Central bank governor implements an orthodox monetary policy of high-interest rates to reign in high inflation. Strong buy if next year a vaccine is available and the global economy re-opens.
Hello everyone, here is the top-down analysis for GBPTRY, feel free to request any pair/instrument or ask any questions in the comment section below. Best of luck!
on DAILY: EURTRY is sitting around a strong supply zone in green so we will be looking for objective sell setups on lower timeframes. on H1: EURTRY formed a head and shoulders pattern so we are waiting for a momentum candle close below its neckline to sell. (conservative) Moreover, we are waiting for a new swing to form around our lower red trendline and then...
Hello dear Forex friends, and welcome to this Turkish Lira analysis! ;) A big break is coming for the USD/TRY, since we're tightening for 1 year after we had reached 7 Lira. Have fun watching! ;) If you had some value from our analysis, give it a thumbs-up & comment it, because the mechanism shows our analysis to other people then. Make also sure to follow us...
In today's #marketinsights video recording I analyse #USDTRY and #EURGBP #FXMinors! Turkish Lira Under Pressure on: - Risk of sanctions - Launch of military operations in Syria - Bank charges for money laundering and fraud - Breather short-term amid US Retail Sales Pound Higher on: - Negotiations optimistic ahead of EU Summit - BoJo's attempts to get deal...
USDTRY could move a tad higher to complete minute wave 3 near 6.1358 before correcting lower. Minute wave 3 is part of minor 3, which is part of intermediate wave 3. The latter has projected target near 7.25 Look for a valid breakout above minor 1 at 6.0373! Should prices move below 5.6343 low bears would gain more control? Early invalidation signals near...
In today's #marketinsights video recording I analyse #EURGBP and #USDRY #EURO and #POUND pressured from Stronger DOLLAR: - Following Trump transcript release - Partial deal with Japan - Close US-Sino deal Trump comment - ECB's Germans board member quitting #EURO also pressured from: - Spanish PPI - US-EU tensions - EU-UK tensions #POUND also pressured from: -...
Hello my dear Turkish Lira traders, Forex friends, merhaba arkadaslar! ;) Erdogan just let the central bank president Cetinkaya go: He argues that the high interest rates are the reason for the high inflation. But commonly known among economists is that both high inflation & high interest rates are the consequence of a weak currency. Erdogan also shows clearly...
Hello my dear Turkish lira traders & everyone else who's interested in the ongoing Turkish Lira crisis. Big news today: -The Turkish central bank sharply raises interest rates to 24 percent, stating that there was still an upside risk to the inflation outlook from what it called a deterioration in pricing behavior, despite weaker domestic demand conditions....
Hello my dear Lira traders & interested people! ;) The lira sell-off continues guys. Fundamental news which affected the price: -Moodys downgraded 20 more Turkish banks -Berat Albayrak, finance minister, doesn't see Turkey in a crisis -The fall in Peso also intensified the selling, not just in Lira, but also in other emerging market currencies Have fun...
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 my dear USD/TRY traders, hope you're doing fine guys! :) Since the last time we spoke, USD/TRY spiraled to 7 Dollars, which is seeing many traders jumping on the train. So obviously a correction here had to come and is very normal. We have retraced back to 5.68 with the wicks -and now we're gonna wait and see, what pattern we get at the top. Fundamental...