This red candle referred to by the arrow is a candle whose body is very small and does not have any volume. This means that it is a test candle for sellers and it succeeded. There are no sellers in this area. This means that the market maker will raise prices in the next two candles and start rising because he has ensured that there is nothing that hinders the...
You can see my previous graph (above). There is no good development in Turkey so I think that the dollar will increase more.
Under the rule of Recep Tayyip Erdogan Turkey has descended into a dictatorship. In order for Turkey's dollar rate to improve needs to be changed through elections. It also occurs when the incoming government takes democratic steps.
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Based on recent information, the chart shows a potential top of the loss of Turkish Lira value against the US Dollar.
The chart on Daily timeframe is a classic WallStreetCheatSheetPsychologyofaMarketCycle
Well,
Keeping it simple as always (or I try at least)
Here's another one of my ideas. Long on the Turkish lira (another crazy idea of mine)
First Target 18$
Second Target 13$
I just want to be as transparent as possible with you guys. Right or wrong this is another investment of mine.
I see on the long term (1 year - 2 years ) a regain of field from the...
Based on Gann analytical techniques, if #USDTRY concluded the month of November above the 28. This is indicative of a prospective upward movement, with anticipated milestones at 34 by March 2024, followed by 44, and a final target of 56. The projected timeline for achieving these targets spans from June 2025 to December 2026. Noteworthy is the technical analysis,...
Hi all,
This is a parabolic curve from 2008 until now,
Its working so nice and you see it. If this path continue then we can see more than 40 in next OCT (2024)
Too bad for a country , i hope government find a way for this inflation else …
(This is my idea and please trade on your own risk)
Regards
DO NOT FORGET USING A STOP LOSS
Warning:
This is just a suggestion and we do not guarantee profits. We advise you analyze the chart before opening any position.
I hope you are always profitable
Hi ,
You can see usdtry road in 1M timeframe, if it continue then we can see 30-31 in next months and after that a correction may happen between 22-25 ,
But as i know and as i see turkyie situations in economy and politics and ofc ppls life, its not depended on technical, its all about fundamentals
Anyway if we look to technical we can see 30-31 in next month/s...
Lira will potentialy loose value over time, as theyr money supply increased dramaticly over the last 6 months, but inflation went down. Something is off
Even if 1H and 4H graphics and indicators show the rise still on track, 1D graphic and indicators are signaling for around 6-7% fall and sell-off for me. I am overall keeping my position long with a small partition of selling.
Last week, the Turkish central bank made a significant move by raising rates by 750 basis points. This caused a sharp downward movement in the US dollar relative to the Turkish lira. Since then, there has been a notable response, with the market showing a sharp rebound.
During times of such volatile market reactions, it's valuable to examine Fibonacci...
For the last months, the Turkish lira has been traded near the all-time lows against USD. I think that demand for the lira would shift soon, and it would trigger a breakout of resistance of 18.7 with the first psychological price target of TRY 20 for 1 USD with consolidation near 25 in the second half of the year.
In terms of technical analysis, I do not see any...
The question is... What have been changed in the Turkish economy? 🤔
1) Is the price of petrol will decrease in Turkey? The answer is; NO...
2) Is the price of electricity will decrease in Turkey? The answer is; NO...
3) Is the pricing in housing market will decrease in Turkey? The answer is; NO...
4) Is the pricing in automobile market will decrease in Turkey?...
Since the self-proclaimed monetary "expert" and Father of #MMT
Warren Mosler said,
"Erdogan has it right"
(to lower interest rates back on March 22, 2021), the USD has appreciated by 145% against the $TRY
Easy to say, not stupid enough to take his own advice & buy the $TRY
Great lesson not to listen to self proclaimed "monetary experts" who could not even...
I made some posts about the Lira back in 2022 but shortly after this all my major brokers went exit only liquidity on the Lira and since I could not trade it I stopped paying attention to it.
Look what happened since then. This is wild.
Still no liquidity on this. I'd actually take a pop at shorting this if there was.
Anyway, just another fat tail TA test....
