EURTRY :
Our first idea/post was on the Epic rebound of the Turkish Lira back in Dec 21st /2021
We had then calculated and prognosed with great precision the levels (rise to 15,7) :
The price has done us the favor then and normalized/consolidated around that level (15,7) :
At this stage, Central bank has kept the lira's rates unchanged (good news because...
Technical Analysis
Trend Bullish
Weekly Long
Daily Long
10H Long
4H Long
2 H Long
30min. LONG
Gold Bullish
Strategy Bullish
My Trading Conditions and my Rules(This are the Rules I follow,and they are no financial adivice for others)
Trade Consditions Higher Highs Higher Lows
Trade Rules: Taking only Buy Signals
Trade Rule 2: Only Buy Signals
Trade Rule 3:...
EURTRY is trending sideways on 1HR chart. Support and Resistance are clearly marked on the chart with the relevant entry prices for both Buy Stop and Sell Stop.
To be honest it already feels ridiculous to receive 30 TRY for 1 euro!
It just doesn't feel right, sorry.
This time I will talk no politics, no Erdogan, no West or East (Russia lost although they won so Turkey always goes with the West in the end anyways), no central bank plans etc
This time we talk chart only:
I was expecting maybe stop at 31TRY/1EUR, finally...
Turkish lira fell to new marginally lower record low in early Wednesday, as Turkish June inflation data sparked fresh weakness of the currency.
Monthly inflation rose by 3.9% in June, below 4.8% consensus and annualized figure was also below expectations (38.2% in June vs 39.4% f/c), while consumer prices were slightly below previous month’s figure (June PPI...
Turkish lira fell to new marginally lower record low in early Wednesday, as Turkish June inflation data sparked fresh weakness of the currency.
Monthly inflation rose by 3.9% in June, below 4.8% consensus and annualized figure was also below expectations (38.2% in June vs 39.4% f/c), while consumer prices were slightly below previous month’s figure (June PPI...
Technical Analysis
Trend Bullish
Weekly Long
Daily Long
10H Long
4H Long
2 H Long
30min. LONG
Gold Bullish
Strategy Bullish
My Trading Conditions and my Rules(This are the Rules I follow,and they are no financial adivice for others)
Trade Consditions Higher Highs Higher Lows
Trade Rules: Taking only Buy Signals
Trade Rule 2: Only Buy Signals
Trade Rule 3:...
This breakout from the range suggests that buyers have gained control, and there is an increasing demand for the Euro against the Turkish Lira. This development may attract further market participants, contributing to the upward momentum.
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....
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'm writing to you today to discuss the recent election results in Turkey and how they have impacted the value of the Turkish lira.
As you may know, President Erdogan's party suffered a significant setback in the recent local elections, which has caused a drop in the value of the Turkish lira. While this news may concern some, it presents a unique opportunity...
Big Correction ahead.
Divergence in Rsi with a Rising wedge makes the Perfect combination for a reversel.
Second Round Elections can shake this currency pretty fast..
If the opposition of Erdogan, in this case Kemal, wins the trust can come back and a 20 % corretion can be done very easily andd fast pace.
I am not a Financial Advisor but i would like to go back...
I'm just messing about with parabolic curves on EUR/TRY.
Do not buy, sell or hold in accordance to this chart. None of the graphics, drawings and explanations on this page do not include investment advice.
EUR/TRY is in a bullish trend and currently forming a Cup & Handle pattern. Cup & Handle is a trend continuation pattern and we are expecting EUR/TRY to continue the bullish price action.
The bull flag pattern is a continuation chart pattern that facilitates an extension of the uptrend. The price action consolidates within the two parallel trend lines in the opposite direction of the uptrend, before breaking out and continuing the uptrend. No sign of divergence so, we can easily rely on bull flag continuation pattren. Dow theory and reversal...
