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Turkeytrading

Turkish Lira - Devaluation goes onThe devaluation of the Turkish (new) lira continues to the fullest and shows how strong a current wave 3 is within the impulse wave. The confidence of the own population in the monetary policy decreases more and more and even interest rates on 2-year government bonds of just under 20% and 17% on 10-year government bonds as a foreign investor do not compensate for the losses caused by the devaluation. I expect a further devaluation by at least 20% in the range 5.90 lira for 1 US-Dollar before a short relaxation could start, not must. Best regards Stefan Bode Invest money! Interest or dividend? Stocks or bonds? What are convertible bonds? Real estate or commodities?
Long
by StefanBode
8
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
TRY/JPY 1H Chart: Rising WedgeTRY/JPY 1H Chart: Rising Wedge The Turkish Lira is losing value against the Japanese Yen in an ascending channel that began to form one week ago. The pattern managed to gain four confirmation points before it started to transform into a rising wedge. In this kind of figures the currency rate usually makes a breakout in the bottom direction. However, this time the southern side is reliable secured by a combination of the 55-, 100- and 200-hour SMAs. In contrast, the opposite side does not have any obstacles up until the weekly R2 at 31.7523 that will be updated on Monday. Therefore, the might shortly sneak to the bottom, but then make a rebound and continue the surge.
by UnknownUnicorn890690