Preferred direction: SELL Comment: The Japanese yen has been rising, and trying to catch a V-revers is not the best idea. However, the pair has a good potential for a correction against the background of a well-established pattern of horizontal levels, as well as volume distribution. In addition, the yen will also actively respond to the speeches of the head...
Preferred direction: BUY Comment: The EURUSD currency pair continues to trade near the level of 1.09526, but buyers are still unable to close higher. For potential growth, this is a necessary item for a successful entry point with a small Stop Loss. It is also necessary to remember about the SELL-set up, if the sellers still manage to close below the local...
%19 Interest rate, huge debts, vaccination progress is still very low. Turkish Central Bank manager kicked out because of interest rates, but we have still a huge interest rate and USD/TRYis still going forward. What Turkey could do? No tourism income for now, no leverage hand for interest anymore. Unfortunately, TRY will be 10 soon if we close daily above 8.58....
Preferred direction: BUY Comment: The focus of attention still at the level 1.09526, that acts as a local resistance. The closest approach to this level, combined with a price close above this level, will generate buying in the market with the target at the level 1.10677. Closing the price above the level may be today. Thank you for like and share your views!
Preferred direction: BUY Comment: Over the past week, buyers have significantly pushed the price up and fixed it at the highs, preventing the instrument from rolling back lower. Most likely, the movement against the dollar would continue for many instruments, and especially for EURUSD. Active trades will definitely resume only on Tuesday, it is on this day...
Hello Traders, I'd like to take a moment to discuss a rather peculiar scenario unfolding in the world of Forex, centered on the Turkish Lira (TRY). It's a tale of two paradises – a seeming conundrum where what seems like a hardship for one can be a fortune for another. 🔥 Hell for Turkish people: Firstly, let's understand the current state of Turkey's economy....
Given that I am Long on EURUSD this period i prefer to trade EURTRY instead of USDTRY: Check my post here for targets: Thoughts: Some governments (not the people) prefer their currency cheap, it helps with exports. People choose their government. In this case Erdogan has been re-elected. A cheaper Turkish lira supports the plan of what I will dare to call...
Some governments (not the people) prefer their currency cheap, it helps with exports. People choose their government. In this case Erdogan has been re-elected. A cheaper Turkish lira supports the plan of what I call 'Islamo-Chinaization': Cheap currency helps bring tourism and business but does not help the Turks study abroad or buy from abroad. China for...
I think USD/TRY has reached the 5th label of the 5th wave. I expect a decline in the exchange rate when the new central bank governor is appointed.
Hi Guys , Hope you well. Charts shows You SecondChanceCrypto ⏰23/May/23 ⛔️(DYOR) always do your research. If you have any questions, you can write them in the comments below, and I will answer them. And please don't forget to support this idea with your likes and comment.
Could the upcoming Turkey election effect how their currency lira performs against western currencies including the USD? Any potential new leader may be able to get the lira to be much stronger then over the last few years. As for today, the USD against the Turkish lira is the only currency which seems to be somewhat strong in the world of Oanda forex. When my...
This analysis may be right or wrong. I always hope for the best and the best for the Turkish people, but my analysis is based on data only and not on wishes and the rules of Elliott science. This time frame is three months, which means a large frame and its implementation needs many years. The currency rose in one large extended wave and made wave two, and it is...
When trying to understand FX trading one first needs to understand the economics of it all. FX became popular bc back in the day there were no trading fees ($29.95 -$19.95 $11.95 etc..) only spreads. People didn't understand the economics but were told that TA alone was enough. So they all went out and gladly blew out their accounts as leverage was a new animal...
It's been a while since I tracked the #usdtry pair. You can also find my past reviews below for comparison. Concerns over - high inflation, - high levels of debt - external financing needs - geopolitical tensions - a looser monetary policy stance to support economic growth - high-level gov. corruption - pressure on the parity imo parity will be stabilized around 33-46
It all started on the morning of December 20, 2021. The "Up Tick Rule" was implemented for one day in the stock market. The Up Tick Rule is an application that reduces the declines caused by short selling in stocks and is implemented to limit selling pressure. The implementation method of this rule is that even though the capital market instrument subject to...
As we all know, the increase in foreign currency increases the general product prices extraordinarily, as it increases the input costs. The rise of the foreign exchange is a phenomenon that a country does not want. Every country aims to keep the exchange rate stable. But for some reason, Turkey came out of these countries. As can be seen from this chart, from...
All professional crypto market analysts know that before anything else, they should check Tether's Dominance trend, then enter the market and open their position. Based on my analysis, I announce that Tether's trend will soon be downward and a bull market will begin for crypto.
What do you think about Dominance Tether {Daily Time Frame Chart}?