Emrut

Emrut Updated 

Turkish REIT EKGYO (Emlak Konut GYO) is currently at a value (1,21) far below normally it should be (2,37-3,32). At first sight it seems a great buying opportunity. Now let's look at the chart more carefully. When we look at the weekly chart, it is still in the downward channel, and the uptrend it catches since the end of May looks like the reaction within...

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As it’s clearly seen on the chart, GBP is having one of the worst value of all times. Steep downtrend started in beginning of May is coming to a decision point to go up or down. The price is now at 1,2093 and testing the last support of 1,20878 before ATL which is 1,1919. If it can bounce back from support and break the downtrend started in May, next resistance...

Emrut

When we look to the 4 hour chart, we can see a head&shoulders pattern is forming. First shoulder started July 17th and ended in July 28th. And than head formation started in July 29th and ended in August 15. Seems like second shoulder has also started in August 15th. We can guess that the second shoulder formation would also take around 11 days as well, and the...

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In standart seasons share goes around 14-15 TRY, last season was a disaster for Fenerbahce and shares went down to 6's. After some good transfers, it's expected Fenerbahce to go up top 4 in league again. So that the shares can easily double itself.

Emrut Updated 

Let's see the movements of BTC/USD in different time intervals; Bitcoin daily We start with daily charts. The ongoing upward trend in general has dropped to a decline at the end of June. Until the uplift that started in early August which looks like a ledder. The critical point here is that if this rally will break the downtrend from June? It may look clearer...

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Due to Turkish holiday TRY will be traded weakly until Thursday. At these times, values can be more volatile. We can clearly see the bullish pennant formation on USD/TRY. Tomorrow we have to carefully watch the value. If it will break the pennants resistance, value may go up to 5,62-5,65 channel. We can see that there will be a steep movement from the narrowed...

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We can see the uptrending channel is workin fine on USD/ZAR. We can play on long right now until the value reaches the resistance and than we can short the usd against south african rand. RSI is the only indicator that does not support the uptrend move. By the time in case of breaking the channel’s support line, we can play short until 15.200 support line 15.696...

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It seems that value is breaking one support line downwards. First target will be 0,969 and than 0,968. Parabolic SAR and moving average looks like supporting the down movement. We also have to check the RSI side as well, if it will break the support line. Also bollinger bands does not show a signal for steep move as well. It may be small downfall and than a...

Emrut

S&P 500 index is forming a descending triangle since the beginning of August. Each day the triangle gets narrower, normally we should expect a down move after completing a descending triangle but my expectation is on the breaking of the resistance of triangle before the completion which is shown in purple. In case of breaking the support line, again I would...

Emrut Updated 

Euro’s long time falldown against dollar might be ending nowadays. As we can see on 2 hourly chart it looks like creating a uptrending flag formation. RSI is confirming the upmove. By checking the break of resistance, you can create a long position around 1,125 and targets will be 1,135 and than 1,14. Of course with a stop loss around 1,120

Emrut Updated 

Gold’s bullish climbing against USD goes on as US and China’s economic tension continues. When we check the 2 hour chart, 1488 support worked well and pushed the price to 1533 resistance. Let’s wait and see if this resistance can handle with the strong move or would price be able to break resistance and go into 1523-1553 channel. As in my opinion even if 1523...

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When we look at the Bist100 index's hourly watches, the decline that started on July 27 seems to have gradually turned towards a horizontal course. As we enter the chart a little further, we can see that there are trading opportunities in short time periods. Looking at the half-hour and 15-minute figures, we see that the steepest downtrend that started on August...

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Starting with the FED's announcement, USD/TRY started to go up. This means Turkish Market top 100 BIST 100 may start a downtrend. Usually BIST 100 and USD/TRY moves opposite directions. Uptrend of BIST 100 started on May 22nd. When we look at the daily chart price is on support level, RSI is also on support level On 4hours chart; price is on support, RSI...

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In weekly closings, gold is almost closing the second shoulders

Emrut Updated 

When we look into monthly and weekly charts, both RSI and trends are going up. But when we go down to daily chart, RSI is not supporting tre uptrend, just the opposite RSI is weakining on daily. This may be an indicator of ending bull market.

Emrut Updated 

Drop started from 3000's and now on 2971. RSI, Parabolic SAR, Moving Average most of the main indicators are supporting the drop. First target will be 2962 and if it breaks that support, next target would be 2939. In case of an upturn in chart, we should check if it can break 2974.

Emrut Updated 

After completing a successfull bullish head&shoulders formation. It seems that we started to form a bullish pennant

Emrut Updated 

Now the price is going in a triangle with downtrend. Downtrend started on 20/6 and still working, support line is on 2,23. It has been tested 4-5 times but couldn't break the support. When we look at the indicators; 1- RSI broke the support on 3rd try. It may continue to 30's, 2- Parabolic SAR started to show that price will continue to go down, 3- Moving...