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Market News and Charts for August 12, 2019USD/TRY The pair was seen trading at the tip of the “Falling Wedge” pattern and was expected to continue going down in the following days. The 2016 failed Turkish coup attempt started the end of the relationship between the United States and Turkey. The coup was led by U.S.-based preacher Fethullah Gulen within the Turkish military. Three (3) years after the failed coup, Turkey had its first delivery of the Russian S-400 missile defense system, which the U.S. allies said will compromise the defense sharing agreement of the NATO (North Atlantic Treaty Organization) Alliance. The second batch of delivery was expected to be finish this August. Aside from this, Turkey is mulling to purchase Russian SU-35 fighter jets after the U.S. expelled Turkey from the F-35 fighter jet program in response to its acquisition of Russia’s S-400. However, the Turkey-U.S. relationship might enter into a new low after Turkey loaned $1 billion from China.
by Financebroker
USD/TRY: Still In Channel! But Non-LinearHello dear Turkish Lira traders, merhaba arkadaslar! The last time we were looking at this analysis: => We can see that the bulls couldn't break the horizontal resistance at 5.78, so we broke the bottom at 5.67 and since then we're still in a downtrend, albeit that the market doesn't respect it much with linear trendlines. => Non-linear moves happen very often in charts, especiall after expontential moves: it is something that I'm personally very interested in observing. Have a look at this example from the stock world that I just analyzed: Conclusion: We're still trending downward, and sometime we will see a breakout coming to the upside: When this happens, we will further tighten, as you can seee best on the Weekly chart: If you had some value from my analysis, give it a thumbs-up & comment it, because the mechanism shows my analysis to other people then. Make also sure to follow me so you get notified on my analyses! I wish you a good trading! :) Selamlar, Deniz from Edgy Edgy is providing online education only. We are not a financial advisor, nor do we hold any formal qualifications in this area. You're trading at your own risk. No matter what you do, please set your stop loss. Please be aware, that you can lose all your money on the online exchanges.
by Edgy_
2
EURTRY | EURO/LIRA Short on CorrectionSelling Lira because the overnight funding you sometimes get is just insanity! On my broker I get 0.05% on my LEVERAGED position... PER NIGHT! That's 1% in just three weeks! For example I sell a position for $1000 which is leveraged x100 = $100,000. I get $1000 in just three weeks which is my initial investment, this means I make 100% ROE in three weeks if market moves sideways. The technical analysis actually says it probably goes down. Insane. To the technical analysis: Wait for correction to next weeks central pivot point or 21/34 EMAs then SELL and HODL.
Short
by MarcsPal
AEBTC Down-sloping Trading Range and Spring ActionBasliga atlayan arastirmaci ecnebiler burda ne dedigimi merak ededursun... Yine bi zemberek (spring) tespit ettim onu haber vermek icin sey etmistim. Analiz icin belirli kurallarim ve tutarli olarak kullandigim zaman dilimleri var (1 gunden 4 saatlige indigim oluyor. cok kisa vadelileri aramak icin de 30-45 dakikalik zaman araliklarini kullaniyorum). Bu kez 45 dakikalik tabloda asagi meyilli bir accumulation (toplama) trading range (meali islem araligi galiba) tespit ettim. Turuncu cizgileri takip edin, 0.0001076 direncini yukari dogru kirarsa hacme bakin. Gozle gorulur bir artis varsa testi muteakiben satin almalara baslanabilir. O hattin %1-2 altina da stop loss koydunuz muydu (0.0001059 diyelim) tadindan yenmez. Spring action oldugundan suphelendigim harket esnasinda islem hacminin azalip sonra da artisa gecmesi, fiyat hareketinin de karakter degistirme isaretleri gostermesi beni hemen haber vermeye mecbur etti anlatabildim mi? Yanilabilir miyim? Bal gibi yanilabilirim. Tatli tatli yani. Zaten amacim hakli cikmak degil. Tutarlica para kazanmak, kazandirmak. Not: Yatirim tavsiyesi olarak almayin, ogrenim amacli, daha cok bi abi nasihati gibi, neblyim uyandirma servisi gibi alin olur mu? Not 2: Turk musun kardesim? Su Ingilizce terminoloji kullanmami affet, ben biliyorum az Turkce.
A
by parababoli
LINK Spring is here!Ecnebice baslik attim ama tum analizlerimi Turkce yapicam. Memlekete faydam olsun bari. Arada bir yabanci dilde yazarsam artist demeyin. Huzurlarinizda Wyckoff teknik analiz prensiplerine gore olasiligi yuksek bi spring action. Yavastan burayi kullanip Wyckoff prensiplerini anlatmaya basliycam. Spring action dediginiz sey zemberek, yani o hattin altinda gerilip gerilip fiyati yukari firlatabilir. Diger ihtimal de, tahmin edersiniz ki, kendini yukari atmayi beceremez ve kara dehlizlere dogru duser. Sasirdik mi? Durum su: Fiyat AR hattini kirdi. Ilk testinde geri cikamadi. Ancak hattin altina kirilirken de, test ederken eksik olan bi sey var. Ne arz, ne de talep hacmi yukselmedi. Iste burda suphelenmeye basladim durumdan. Bu hareketliligin BTC'deki oynakliktan kaynaklandigini dusunuyorum. Aylarca durdu, simdiyi buldu, Volum olmamasi ne demek, LINK'i alan yok, satan yok. Temelde saglam bir coin oldugundan, satin alanlarin bir cogu elinde tutuyor. Yoksa dusecek olsa simdiye cakilirdi. Cakilmamasi iyiye isaret. Ama BTC durulmadikca, LINK'in yukselisini kisa donemde biraz geciktirebilir. Ortam sakinlediginde LINK eger dirence donusen AR hattini kirabilirse, test etmesini bekleyip satin almalara baslanabilir. AR hattina, ya da risk hesabiniz neye elveriyorsa belirli bir mesafeye stop loss konulmasi elzemdir. Yok, ben stop loss filan kullanmiyorum Allah ne verdiyse derseniz, siz bilirsiniz. Ben yine de korunun derim. Mayis ayinda New York'teki Blockchain Consensus'ta olucam. LINK'in gelecegi acisindan dananin kuyrugunun kopmasini bekliyorum. Bi sey duyarsam haber ederim. Not: Yatirim tavsiyesi filan degildir. Sonra kafama eksimeyin. Riskinizi hesaplayin, kaybetmeyi goze alabileceginiz miktarla yapin su isi.
by parababoli
1
TOPSY-TURVY TURKEY? $TURInteresting to note that despite the nice gains Turkish equities saw in January 2019 (+15.7%) to make up for December 2018 (-6.87%), the asset class has experienced some nasty losses in February (-3.63%) and March (-4.36% so far) - all of which are quickly eroding all YTD gains. Its the only EM market to have suffered such losses so far (rivaling that of South Africa). To add insult to injury, it appears that Turkish equities have had great difficult trying to break through its 50-Day EMA as well, indicating global equity investors are loosing faith in Turkish equities. To complicate matters even further, the Turkisk Lira (USD/TRY) has been down 3.46% against the US Dollar so far in 2019, putting further stress on the currency. In continuation from last year, it may mean that markets are trying to tell us something about the health of the Turkish economy for 2019. As global investors continue to shed Turkish assets throughout 2019, this is one space investors should be very wary of investing in over the next little while. We recommend caution against Turkish assets.
NASDAQ:TURShort
by EconomicsGlobal
TOPSY-TURVY TURKEY? $TUR $TRYUSDInteresting to note that despite the nice gains Turkish equities saw in January 2019 (+15.7%) to make up for December 2018 (-6.87%), the asset class has experienced some nasty losses in February (-3.63%) and March (-4.36% so far) - all of which are quickly eroding all YTD gains. Its the only EM market to have suffered such losses so far (rivaling that of South Africa). To add insult to injury, it appears that Turkish equities have had great difficult trying to break through its 50-Day EMA as well, indicating global equity investors are loosing faith in Turkish equities. To complicate matters even further, the Turkisk Lira (USD/TRY) has been down 3.46% against the US Dollar so far in 2019, putting further stress on the currency. In continuation from last year, it may mean that markets are trying to tell us something about the health of the Turkish economy for 2019. As global investors continue to shed Turkish assets throughout 2019, this is one space investors should be very wary of investing in over the next little while. We recommend caution against Turkish assets.
Short
by EconomicsGlobal
7.80 in the crosshairs..=> For those who believe in the bearish Turkey story, yet again we are at significant value areas for USDTRY longs. The 5th wave we mentioned in our previous idea can be seen clearly here and shows how the floodgates for 7.80 are wide open. => From a technical perspective the 5th wave target, the first major target is 6.78 (assuming wave 5 is a 1.00 ratio in length of wave 1). => Given the nature of this rally so far there is a very large chance this can extend well beyond the initial targets as far as the 2.168 extension at 7.80. => It is also worth noting for those following EW that the 5th wave usually marks new highs... confidence in this view will increase above 5.60 so for those wanting a less aggressive entry you can sit tight and watch closely and good luck to those wanting to pull the trigger early for the move of 2019. => This is going to be a monstrous move and worth tracking for those interested in watching the EM collapse continue.
Long
by ridethepig
10
USDTRY: The story how to record historical lows againExpected trend: Bearish Target: 4.3000 Risk: 5.7800 Technical reasons: The USDTRY pair started a bullish correction after placing 5.13 low, it stopped at 23.6% Fibonacci correction level, to rebound downwards again. The last move inside an ascending channel is considered as a bearish flag that supports the chances of continuing the bearish trend on the short term and medium term basis. All the price needs now is to break 5.25 to confirm triggering a new bearish wave, supporting the chances of achieving the double top pattern’s target at 4.30. We need to consider that surpassing 5.69 then 5.78 levels is considered as the key to achieve new gains that start at 6.00 then 6.20.
Short
by FXHighway