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Eurtryanalysis

EURTRY - Inflation Beast is Back 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 every time they intervene there is panic amongst Turkish citizens and Lira holders) but Inflation is a BEAST out of control: Turkey’s inflation rate soars to almost 70 percent : www.aljazeera.com Turkey's role in the Ukraine crisis is something Erdogan can use nicely as long as he can balance between a 'neutral stance' with doors open to Russia and still in Nato' and part of the Western front. If the West wishes to shift him on one side though the Turkish lira might end up under severe pressure again. Don't forget that there are elections next year and Erdogan is probably not feeling the safest at this moment. Let's hope everything goes well in the world as well as in Turkey and that Turkey can play a peaceful role in ending the war in Ukraine. This will be interesting to see. One Love, the FXPROFESSOR
Editors' picks
Long
by FX_Professor
23
Erdogan win most lucrative trade of EURTRY continuesI'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 for forex traders like us to invest in the Turkish lira at a lower value. He just won again today! I encourage you to take advantage of this opportunity and invest in the Turkish lira. With the right strategy and analysis, you could see a significant investment return. As always, doing your research and making informed decisions regarding forex trading is essential. But with the current situation in Turkey, there's never been a better time to consider investing in the Turkish lira. Thank you for your time, and happy trading!
Long
by bryandowningqln
EUR/USD: Short at 1.0570-1.0580 Range Following the remarks of the Chairman of the Federal Reserve, the market has returned to a state of volatility after two trading days of digestion. This volatility is unlikely to be broken before the release of US non-farm payroll data in February, and the market needs such adjustments to repair the impact of the previous sharp drop. Therefore, today's market trend will be relatively simple. In the face of this volatility, the most suitable operation for EUR/USD is naturally to short on rallies. Based on the market situation, the following recommendations are given: Short at the range of 1.0570-1.0580, with targets at 1.0550, 1.0530, and 1.0510, and stop loss to be determined based on individual circumstances. FX:EURUSD OANDA:EURUSD FOREXCOM:EURUSD
Short
by investmentMr-X
6
EUR/USD: High position short Today's impressive PMI data released by the Chinese government has led to a significant influx of funds into the renminbi in the international market, causing the US dollar index to suddenly fall. This is clearly a short-term impact and will not fundamentally change the overall situation. Therefore, after the abnormal market volatility dissipates, the market will return to its original rhythm. As for the operation of the US dollar index, the short-term level is still judged as looking for opportunities to buy on dips. Correspondingly, for the EUR/USD currency pair, it is recommended to short at the high point and combined with market analysis, the following suggestion is given: Short position recommended in the range of 1.0640-1.0660, with targets at 1.0620, 1.0600 and 1.0580. FX:EURUSD TVC:DXY FX:AUDUSD FX:USDJPY
Short
by investmentMr-X
8
Turkish Lira Chronic Disease?As you can see in the previous price actions after the interference of the Turkish Lira it seems that the Currency has gotten a Chronic Disease now. The fast bounce back conclude that there is globally no trust within the Turkish Economic Politics. As the Minister of Treasury has already been replaced within 3 years and the independence of the Turkish Central Bank regarding President Recep Tayyip Erdogan's politics are being questioned. It seems that the market is craving for a change of governemnt, but as we know from recents words of the President an early election before 2023 is a wish that will not come through. Simple conclusion: Uptrend Cable will continue till 2023 at least as the Turkish Government is not likely to change their Economic politics.
Long
by Bifrin
1
Long Vision on EUR TRY for 19/07/2021Hello 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 10.11 as I am showing in my chart. Our Daily Goal is 10.125. Currently,EUR/TRY is moving towards the support level of 10.05 where there is some liquidity, from this value we are looking for short-term buying opportunities of EUR/TRY. Good Luck and enjoy your Bullish Market for today. Entry:@10.05 TP1: @10.075 TP2: @10.095 TP3: @10.115 SL: @10.015 As mentioned on previous posting, we oscillate daily with the market based on Human Behavior and Sentiment. Feel free to share your thoughts and opinions in the comment section below, I will be glad to discuss my friends!
Long
by HugoAJROUCHE
EUR/TRY Back To SupportHuge sell off on the EUR this past week, I was looking at this as a chance to long back up to resistance as it is oversold but looking at the bigger picture I think it is best to hold off at the moment. The situation is very bearish and there will certainly be swing trading opportunities here but the trend is going down and longing anything here seems like a big risk not worth taking. Looking at monthly and weekly timeframes you see this is retracing back to the previous peak from August 2018, if it reaches this point that would be the perfect time to be longing this. Although it may not go as far as this, we are now at 0.618 Fibonacci and as this is currently oversold it could reject this area and level off before rising again back towards the all time high. With this in mind it makes sense to hold off a trade on this pair and some other EUR pairs until the situation unfolds. Once it does it could open up some very profitable opportunities.
by olly48
Analysis of EURTRY 17.10.2019The price above 200 MA, indicating a growing trend. The MACD histogram is above the zero lines. The oscillator Force Index is above the zero lines. If the level of resistance is broken, you should follow the recommendations below: • Timeframe: H4 • Recommendation: Long Position • Entry Level: Long Position 6.5500 • Take Profit Level: 6.0000 (500 pips) If the price rebound from resistance level, you should follow the recommendations below: • Timeframe: H4 • Recommendation: Short Position • Entry Level: Short Position 6.4800 • Take Profit Level: 6.4600 (200 pips) USDJPY A possible long position at the breakout of the level 108.90 GOLD A possible short position in the breakdown of the level 1476.00 USDCHF A possible long position at the breakout of the level 0.9910 EURUSD A possible long position at the breakout of the level 1.1095
by PaxForex
Analysis of EURTRY 26.07.2019The price is below the moving average of 20 MA and MA 200, indicating the downward trend. MACD is below the zero level. The oscillator Force Index is below the zero levels. If the level of support is broken, you shall follow the recommendations below: • Timeframe: H4 • Recommendation: Short Position • Entry Level: Short Position 6.2900 • Take Profit Level: 6.2200 (700 pips) If the price rebound from a support level, you shall follow the recommendations below: • Timeframe: H4 • Recommendation: Long Position • Entry Level: Long Position 6.3900 • Take Profit Level: 6.4100 (200 pips) GOLD A possible long position at the breakout of the level 1426.00 USDCHF A possible long position at the breakout of the level 0.9920 GBPUSD A possible short position in the breakdown of the level 1.2410 USDJPY A possible long position at the breakout of the level 108.80
by PaxForex