It's been a while since I tracked the #usdtry pair. For comparison, you can find my past reviews below. Concerns over - high inflation rate - low interest rates compared to the sidereal inflation rate (enag) - high levels of debt - external financing needs - geopolitical tensions - high-level gov. corruption - pressure on the parity by carry trade imo the...
A quick update on the future of the Turkish Lira (TL): Interest rates will rise to the range of 30% to 35% and will remain high for the following years (possibly 2-3 years). The Turkish Central Bank will stop printing vast amounts of money, and getting loans for purchasing houses or cars will become difficult. This action will lower inflation for few years. TL...
It's been a while since I tracked the #usdtry pair. You can also find my past reviews below for comparison. Concerns over - high inflation, - high levels of debt - external financing needs - geopolitical tensions - a looser monetary policy stance to support economic growth - high-level gov. corruption - pressure on the parity imo parity will be stabilized around 33-46
Hello Birdies, This Chart is done on request. Zones are the bounce area and targets are on chart
The weak support in the lower half of the parabolic trend throughout 2022 compared to before points to this being far from over
Economists look for further sharp Turkish lira depreciation. They forecast the USD/TRY above the 20.00 level in the second quarter of the year. 𝐓𝐡𝐞 𝐧𝐢𝐠𝐡𝐭𝐦𝐚𝐫𝐞 𝐚𝐟𝐭𝐞𝐫 𝐂𝐡𝐫𝐢𝐬𝐭𝐦𝐚𝐬: “We think that USD/TRY will rise to 16.25 by end-Q1 and breach well over 20 in Q2. However, this is when we expect the CBRT to start tightening, which should help bring the pair down to...
TRYUSD Long Position. Money Flow Index(MFI) Looking Good. 20MA used as support. 10x Leverage 14% Take Profit 2.8% Stop Loss Educational Purpose Only! Not a Investment Advice
Firstly, guaranteeing cash deposits against FOREX depreciation does nothing to restore faith in a broken central bank. Secondly, any time a Government imposes draconian fiscal rules (banning crypto or discouraging USD), society revolts.
Both charts present relation to a U.S. Dollar over the (long term) course of approximately 10 years. Only Imagine the BTC perspective of a Turkish investor. Now this is just an observation and no advice is here given, I am just amazed how government-backed currency fails towards the fascinating concept of Satoshi Nakamoto. Come and tell me #BTC doesn't work -...
This is just a quick look at the USDTRY pair. I'm evaluating the recent recovery of the Turkish Lira versus the dollar from about 8.5 TL per dollar to 7.3 TL. In my estimation, this recovery has not shown enough strength to continue. We can see that as soon as it touched the bottom of the drawn curve, RSI has reached the bottom of its parallel channel. That's as...
Well, it's been 4 years since I started this serie, you might want to check it out. PA will probably try 19-20, and after that we might have a consolidation period. Conjunctural sum might have worsened.
50% gains in a month - bullish! Tough times ahead for the Lira.
Seems like Erdogan has no signs of slowing down on ruling Turkish Central bank. We all see what is it fraught with: Check out my analysis on this situation here: forexezy.com Despite a bullish view on USDTRY pair, I (like many others) wonder when will this end? Please, share your thoughts in comments bellow
This is for entertainment purpose only. If we consider Elliott Waves count on a Point and Figure Chart, one may see a possible wave count. The count is imaginary which may reflect the current and future sentiment on the Turkish Lira Trend.
Wanted to put a simple picture to see how much S&P 500 index raised in combination with USD/TRY currency effect added. Very simple investing and hedge oportumuty for Turkish people.
This my USD/TRY ideas. This was the trend I followed for Turkish Lira's
TRY has been weakening against USD for a long time. Last week, Turkish Central Bank slashed its key interest rate to 18%, and the inflation in the country is more than 19%. From USDTRY log chart we can see the clear uptrend and the price movement is tightening forming a rising wedge. The ratio is climbing but with lower and lower momentum. RSI is also...