EURTRY has been clearing up-trending for over a decade. The upside momentum has been significantly stronger in recent years, as seen by the more aggressive trend support lines. How long will the upside continue? Is price finally reaching a high? The main reason for me wanting to open a long-term short on EURTRY is the positive swap rate. I personally believe that...
I see tirangles everywhere.. god bless us. This can continue to be a big triangle for more than 6 months again like before... Stop point breakdown. Entry point breakout.
EURTRY MY THOUGHTS not 100% convinced on this one lets see how it works out
Since late January, the Central Bank of the Republic of Turkey has produced consistent efforts to stabilize the currency. This has produced tangible results with a upward correction although persistent political tensions. Erdogan's referendum victory is likely to be the most market-friendly option. A "No" scenario may lead to early elections and a period of...
I'm back with the EURTRY to do a add-to-position. If you have followed me on the EURTRY, it's an idea to consider an increase of position. Just a moment ago, disappointing quarterly jobless average (dec) figures came out of Turkey. With the EU going somewhat stronger, I trust this one over the next week to continue upwards. Be aware that EU is in a strange place...
This is, without doubt a long position for the long term. Diving into macro economy of TRY, it's not looking good, compared to EU. Currently I will wait and see if it's going to take a breather, before I jump in for the long run. Worth keeping an eye on.
After this pump rally, also if EUR is gaining some with USD we can expect a nice short here. Rate risen too much and it need a pull back with the same power it went upwards. Set a proper SL and enter your trades. Good luck.