EUR/TRY skyrocketed today after Turkish President Recep Tayyip Erdogan defended the massive and continuous interest rate cuts amid double-digit inflation. He said this is part of an “economic war of independence,” rejecting calls from investors and analysts to adopt a different strategy. Turkey's short-term external debt stock rose to $124.4 billion, an increase...
Hello Dear Traders, You find below my analysis for EUR/TRY the currency pair is in the sell zone. I expect the price to fall. According to my set of rules, in the M30 frame EUR/TRY will fall to 13.4 as I am showing in my chart. Our Daily Goal is 13.27. Currently, EUR/TRY is moving towards the resistance level 13.95,where there is some liquidity from this value...
Hello Dear Traders, You find below my analysis for EUR/TRY the currency pair is in the sell zone. I expect the price to fall. According to my set of rules, in the M30 frame EUR/TRY will fall to 12.4 as I am showing in my chart. Our Daily Goal is 12.27. Currently, EUR/TRY is moving towards the resistance level 12.77,where there is some liquidity from this value...
Whatever you want to make of it. I just put a short on 12.405 It´s already going down...
Hello Dear Traders, You find below my analysis for EUR/TRY the currency pair is in the sell zone. I expect the price to fall. According to my set of rules, in the M30 frame EUR/TRY will fall to 11.84 as I am showing in my chart. Our Daily Goal is 11.81. Currently, EUR/TRY is moving towards the resistance level 11.9436,where there is some liquidity from this...
Hello Dear Traders, You find below my analysis for EUR/TRY the currency pair is in the sell zone. I expect the price to fall. According to my set of rules, in the M30 frame EUR/TRY will fall to 11.65 as I am showing in my chart. Our Daily Goal is 11.62. Currently, EUR/TRY is moving towards the resistance level 11.793,where there is some liquidity from this...
There are a couple of technical analysis patterns that can help identify reversals – some are more important than others, but this morning we note this beauty: - The spike high on daily EUR/TRY chart The spike high on EUR/TRY, not only did it chart a spike high, but it reversed from a Fibonacci extension (1.618) AND we note the divergence of the daily RSI. All...
Hello Dear Traders, You find below my analysis for EUR/TRY, the currency pair is in the buy zone. I expect the price to rise. According to my set of rules, in the M30 frame EUR/TRY will rise to 11.3 as I am showing in my chart. Our Daily Goal is 11.35. Currently,EUR/TRY is moving towards the support level of 11.15 where there is some liquidity, from this value we...
EUR/TRY The price will continuously go up until the end of this month maybe should take few weeks to reach the 3td target. so hold the euro don't change it until hitting the final target
EURTRY. Wait and See How The Turkish Lira Responds To 10.37970 Price Level.
The Euro has lost some value against the Turkish Lira over the past months but has reached the goal for its wave A in green. Now, it is time for another push against the Lira, before longer downward movements set in. Follow us for more!
Hi, according to this exponential drownward curve-channel Lira is about to take a big hit until end of the year (hard to time when exactly this will come). Im not shorting it but buying turkish index when lira is at it lowest. DYOR If erdogan gets elected once more in ´22 i will sell my position again, if not then one could actualy hold turkish stonks. dyor
In this pair, technical analysis shows a technical figure Triangle. The Triangle has broken through the support line on 17/08/2021. EURTRY forming a bearish formation on a daily chart. If the price holds below this level we will have a possible bearish price movement with a forecast for the next 42 days with a target of 9.5735. If you decide to enter this...
EURTRY broke above the descending line as Turkish CB did not decrease the interest rates, however even higher rates is necessary. I expect the currency to rise up to 10.6035 📅 Check the economic calendar before acting 👍 Likes & comments are welcome
entry 0.04-0.045...recommending to buy turkish stocks when lira is low and hold it atleast until elections ´22.
The EUR/TRY breaks below our trendline. We now see a bigger correction on the loom. Wave 5 in orange should now be completed and the next move belongs to the bears. We now expect declines down to the 9.74 TRY area. What's your take?
If it breaks the yellow trend line, the upward trend is broken and it might go back to the blue ascending trend line that builds the ascending triangle Looking for Entry below yellow line, stop loss at 0.09915 RR: 1 % vs -0.3%