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Turkey

My Next Long Term Position TRYJPY LongI am slowly building a big long position in TRY/JPY pair. Turkish Lira is quite under-valuated at these levels and despite the recent strength of Japanese Yen I think in the long run JPY will weaken across the board. This is a carry trade position which will bring lot of interest while running. At 8.5% current interest rate of Turkish Lira outperform almost all peers in the world and with inflation and demographics of Turkey slowly going down I think soon we will see a major trend reversal here with significant strengthening of the Lira by more than 10-15%.
Long
by auroraspot
Turkish Bonds Market DipI expect that the price of Turkish bonds will continue decreasing even lower and lower. In few month or soon it could be invest-able as a market dip. That means there is a point where it can go down even more and then have a burst in price for a temporary period of time. Overall it is extremely high risk with the potential of some sustainable returns. If I was interested, I would invest some money into it later on, but extremely minimal due to how fast you have to sell it when it goes up and the fact that it isn't sustainable. Conclusion: It will still have some large bursts, but this is an extremely risky bond pick for most people.
TVC:TR10
by gamer456148
Turkish Lira gave a devaluation signal on the monthly chartTom Demark count gave a green 2 on the monthly chart. This is a clear buy signal. This happens very rare on a monthly level. Green 2 on a monthly chart means we will have up to 7 months of uptrend. Weekly and daily charts confirms this as well. Previous ATH was 3.94320, I expect this will be broken soon, as double tops near ATH are unicorns. In the upcoming weeks or months a major devaluation of Turkish Lira is possible.
Long
by EylemCulculoglu
5
USD/TRY 1H Chart: Channel DownUSD/TRY 1H Chart: Channel Down The American Dollar is losing value against the Turkish Lira simultaneously in short-term and medium-term descending channels. Formation of the channel started after the currency exchange rate bounced off from a combined resistance level formed by the 55- and 200-hour SMAs. At the moment, the pair is gradually slipping towards the weekly S1 at 3.5067, while path to the north is secured by the 55- and 100-hour SMAs. In theory , the pattern should remain active at least until the rate reaches the above support level. But in practice , it will be broken, most probably, already in the second half of the day amid announcement of information on the US ISM Manufacturing PMI. If the released figures will justify analysts’ expectations, the pair might even fall below the weekly S1.
by UnknownUnicorn890690