Get started

Lira

USD-TRY forecast and short term analysis As we posted last week, USD-TRY prise sharply crossed 5.6000 level, now trading around 5.7640 We think that before TCMB meeting price will be above our 5.7760 (R1) target, as we mentioned before 25 october is important to make longer term forecast. But it must be mentioned that USD is advancing versus major currencies from monday, so the price of Lira dropped to 5.70 not because of negative trend for Turkish currency, but due to USD fluctuations. Targets: Resistance - 5.7760 (R1); 5.9092 (R2) Support - 5.7168 (S2); 5.6456 (S1); Important topics which had an impact on currency market, during last week: * Kashoggi crisis * Berat Albayrak“Fluctuations in...finance sector have ended” * Trump - "Feds going loco!" * Brexit stuck * TCMB release Amiran Azaladze amiranazaladze@gmail.com
Short
by 10198910
Time to get to work on Turkey ... again=> Here we are tracking profit taking for shorts after an AB = CD leg in EURTRY => Nothing has changed on the macro side in Turkey and we have positive Euro flows starting to enter back into the picture as we start thinking about the unwinding of QE. => Our target at 7.34158 is the last daily R before we finished breaking down on this 'CD' leg whilst our stops remain below the lows => A break of the channel will trigger stops and should clear targets swiftly.. lets see how this one goes. => Good luck
Long
by ridethepig
1
$TRY Find Bottom?Turkey Lira find bottom against US Dollar now? President Erdogan doing everything to hold up the economy bully from US Government under Trump administrations. I think If this effort holds up we're praying that their country getting better, because their role is quite significant in Middle-East countries for muslim community all over the world. Turkey will be one of many nations that really care about muslim community and that's why they receive mass rounding from their enemies. We should fight and pray together.
Long
by blockchaindedi