TRYUSD Long Position. Money Flow Index(MFI) Looking Good. 20MA used as support.
10x Leverage
14% Take Profit
2.8% Stop Loss
Educational Purpose Only! Not a Investment Advice
TRY/USD
Given that the index is channeled from about 0.193 and the previous wave can be considered the end of the function, the 5 specified waves are standard and due to the short correction wave after hitting 0.117, one can expect the formation of an expanded band.
Accordingly, the value of the Turkish lira should increase against the dollar and is confirmed by...
I posted a monthly chart for the Dollar a few months back that showed the Dollar will continue to lose value in the future. This will obviously not happen overnight, but I expect over the course of 2021 the dollar will continue to it downtrend. Looking at the Turkish Lira monthly chart, we see bullish divergence, and several indicators showing strength. If you...
Looks like Turkish lira will regain some strength against the Euro.
I am trading the retracement back to the Kumo and Kijun. At the same time I will capture the interest differential of around 24%.
If you get involved in provocative acts, saying ‘foreign currencies will strengthen, this will happen, that will happen’, you will pay a very heavy price - Erdogan
TRY
Fundamental Quant Score +60
USD
Fundamental Quant Score -4
Investors seek reforms, fear populism
Lira initially weakened 2.5 percent
Shares rise 1 percent (Updates lira, adds London...
Turkish Lira and Japanese Yen dropped a lot recently, and I think a reversal could occur - at least for a short time. Keep an eye out for breakout confirmation in the next few days.
Turkey Lira find bottom against US Dollar now?
President Erdogan doing everything to hold up the economy bully from US Government under Trump administrations. I think If this effort holds up we're praying that their country getting better, because their role is quite significant in Middle-East countries for muslim community all over the world. Turkey will be one...
