Turkish Lira Chart / US Dollar This is just an idea, and it depends on Turkey's economic policies.
Firstly, guaranteeing cash deposits against FOREX depreciation does nothing to restore faith in a broken central bank. Secondly, any time a Government imposes draconian fiscal rules (banning crypto or discouraging USD), society revolts.
I don;t know if y'all saw the currency run last week, but hilarious crap. This is why I trade TURd options. I once caught one of these runs and made an absolute killing.
This has to be one of the biggest FX candlesticks of all times! Turkish President Recep Tayyip Erdoğan on Dec. 20 announced a series of measures to encourage lira-denominated savings, easing the pressure on the Turkish currency. In a televised speech following a Cabinet meeting, Erdoğan said the government would offer a new financial vehicle that would...
Turkey breaks a key area of support that dates back to 2008. Turkey is collapsing towards hyper inflation.
U.S. Dollar / Turkish Lira 30M 16th December, 2021 The 30 Minutes Chart with rising channel, we wait and see if the pair manage to break the upper trend line. Rejection and sustain trading below the line may see a correction first down to 14.3 area.
Political and economical conditions are settled for a hyperinflation cycle in Turkey. Rampant inflation, panic hoarding of real assets, limits in banks, negative reserves excluding swaps, and crazy politicians. Compare it to the argentinian hyperinflation cycle, the patterns are the same. Short Turkish Lyra,we could see a small retrace here, but the cycle has...
A Possible wave count on $/TL 2H chart. The trend as shown may target 16.
MSCI Turkey is as low as it was during the crisis in 2008. I'm expecting a bounce from these levels.
USD/TRY yesterday remains range-bound near $12.40 heading into Monday’s European session. The Turkish lira (TRY) pair snapped a two-day downtrend the previous day while staying past a weekly ascending support line. Given the MACD line teasing bullish cross, as the quote remains above the short-term rising support line, USD/TRY buyers are likely to aim for the...
I think that given Erdogan's misguided policies, but new and improved policies in the future, we can hope that the Turkish lira, after reaching tp around 18$ or 19$, will get correction and fall down to near 7$, which It will be a big correction for this currency. Good luck turkey
BTCUSD showing a very unique pattern.. lets call it the thanksgiving pattern. Happy trading all !
Could this uptrend channel control the trend? What happened if the pair breaks the upper trend line?
Currency markets were becalmed in early Asian trade on Monday. The only action was on the Emerging Markets with the Turkish Lira hitting an all-time low. Against the US Dollar, the TRY (Turkish Lira) hit a record low of 9.85 so far in early Asia. * Turkey 2021 inflation target raised to 18.4% from 14.1% * Miners lead losses in China, Russia as commodity prices...
After the Central Bank of Turkey reduced the policy rate from 18 percent to 16 percent, #USDTRY are reaching D leg of crab formation. Politicians are not still showing any support to TL. Therefore 2nd target level 11,25 is not far away.
DXY tepki alımları alsada genel dxy trendi aşağı yönlü. Dolar tl paralel kenar üst sınırlarını test edicek ve kritik bölgede bulunmakta eğer kanal üst sınırlarından tepki yemesi halinde 1w/1mo. sfp oluşturabilir ve kısa-orta dönem düşüş trendi başlatabilir eğer kanalı yukarı yönlü kırması halinde bir başka s/r flip gerçekleşecek ve parabolik gitme şansı var....
TRY has been weakening against USD for a long time. Last week, Turkish Central Bank slashed its key interest rate to 18%, and the inflation in the country is more than 19%. From USDTRY log chart we can see the clear uptrend and the price movement is tightening forming a rising wedge. The ratio is climbing but with lower and lower momentum. RSI is also...
Usdtry at the one hour candle the view it have two case or two possibility: So due to the chart (resistance zone) : 1- Upward Entry: stable above resistance zone 8.67 Tp.: 8.720 & 8.7800 Sl.: 8.6150 2- Downward Entry: stable under resistance zone 8.640 Tp.: 8.580 and 8.520 Sl.: 8.6700 ———- Note: i expect the downward possibility is more available than upward