USDTRY could move a tad higher to complete minute wave 3 near 6.1358 before correcting lower. Minute wave 3 is part of minor 3, which is part of intermediate wave 3. The latter has projected target near 7.25 Look for a valid breakout above minor 1 at 6.0373! Should prices move below 5.6343 low bears would gain more control? Early invalidation signals near...
In today's #marketinsights video recording I analyse #EURGBP and #USDRY #EURO and #POUND pressured from Stronger DOLLAR: - Following Trump transcript release - Partial deal with Japan - Close US-Sino deal Trump comment - ECB's Germans board member quitting #EURO also pressured from: - Spanish PPI - US-EU tensions - EU-UK tensions #POUND also pressured from: -...
Hello my dear Turkish Lira traders, Forex friends, merhaba arkadaslar! ;) Erdogan just let the central bank president Cetinkaya go: He argues that the high interest rates are the reason for the high inflation. But commonly known among economists is that both high inflation & high interest rates are the consequence of a weak currency. Erdogan also shows clearly...
Technical Analysis After reaching a new low on June 5th at the price area of 5.655, we watched the trend reverse on June 6th breaking the 23.6 Fibo correction up, yesterday the pair broke the 38.2 Fibo correction up and the price is currently travelling up to the 50% correction level. Looking at our indicators, we see that Williams % R confirms that the price...
FX Market week end wrap up and what to look for next week.
Video analysis of EUR/USD & USD/TRY
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Hello my dear USDTRY traders, hope you're doing well! Important news: Trump threatens Turkey with economic devastation, should Turkey attack the Kurdish-led SDF in Syria. This sounds similar to Trumps threats before the summer rally, when the issue with pastor Brunson was going on. Back then we made 40% to the upside. So, it might be a good time to look at the...
My first contribution to the Trading View community ! Hope you enjoy :) All analysis explained in the video !
USDTRY is a very tricky exotic pair to tackle. The exotics on the whole are erratic and offer may traps and false breakouts. This is a dangerous pair and not recommended for those without experience of exotics. On this occasion I'm departing from my system of 'rules' because I'm dealing with such a wild 'animal'. I have experience of exotics doing false...
I take you through a few trades that I had taken and the results of both of them. I also have some exciting news to share with you all. My trading mentor has chosen me to be one of his lucky 4 new apprentices. So I'll be making content every week for him to be added to his website www.tradercobb.com - check it out. Anyway, I hope you all enjoyed this video. Peace.
Hello my dear Turkish lira traders & everyone else who's interested in the ongoing Turkish Lira crisis. Big news today: -The Turkish central bank sharply raises interest rates to 24 percent, stating that there was still an upside risk to the inflation outlook from what it called a deterioration in pricing behavior, despite weaker domestic demand conditions....
Hello my dear Turkish Lira traders & everyone else who is interested in the ongoing Turkish Lira crisis. As always, we look at the fundamental news first, and second at the technical analysis. Important fundamentals: -The Turkish government has ruled that exporters might convert 80% of their foreign exchange revenue into Lira within 180 days -The central bank...
Hello my dear Lira traders & interested people! ;) The lira sell-off continues guys. Fundamental news which affected the price: -Moodys downgraded 20 more Turkish banks -Berat Albayrak, finance minister, doesn't see Turkey in a crisis -The fall in Peso also intensified the selling, not just in Lira, but also in other emerging market currencies Have fun...
Okay so I have the week mapped out, in Simply- DXY stronger, Yen stronger, Metals down and this week will prove my trade ideas and Directions of markets.