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Turkishlira

ORBEX: Syria Operations Weaken TRY, Brexit Looks Good Pre-SummitIn today's #marketinsights video recording I analyse #USDTRY and #EURGBP #FXMinors! Turkish Lira Under Pressure on: - Risk of sanctions - Launch of military operations in Syria - Bank charges for money laundering and fraud - Breather short-term amid US Retail Sales Pound Higher on: - Negotiations optimistic ahead of EU Summit - BoJo's attempts to get deal through better than May's - New customs border in the Irish sea; proposal - EU likely to agree on that deal, then through parliament Stavros Tousios Head of Investment Research Orbex This analysis is provided as general market commentary and does not constitute investment advice
by Orbex
TRYJPY Double Bottom FormingMaybe not the most popular trade idea given what is occurring with Turkey geopolitically, but a good set up nonetheless. Been in a downtrend with multiple waves, and we hit a support/flip zone which can be seen by going further back or on the daily chart. A double bottom indicates a possible exhaustion of the trend as no new lower lows have been made. I am looking here for a break and close above the 18.54 zone but perhaps 18.60 is better since we take out the previous lower high. 19.10 zone would be the target if we get the break.
Long
by Uncharted-FX
ORBEX: USDTRY - Expecting Minute 3 To Break The 6.00 Barrier?USDTRY could move a tad higher to complete minute wave 3 near 6.1358 before correcting lower. Minute wave 3 is part of minor 3, which is part of intermediate wave 3. The latter has projected target near 7.25 Look for a valid breakout above minor 1 at 6.0373! Should prices move below 5.6343 low bears would gain more control? Early invalidation signals near 5.75. Stavros Tousios Head of Investment Research Orbex This analysis is provided as general market commentary and does not constitute investment advice.
Long
by Orbex
ORBEX: USDTRY Makes A Difference! EURGBP How Much More Down?In today's #marketinsights video recording I analyse #EURGBP and #USDRY #EURO and #POUND pressured from Stronger DOLLAR: - Following Trump transcript release - Partial deal with Japan - Close US-Sino deal Trump comment - ECB's Germans board member quitting #EURO also pressured from: - Spanish PPI - US-EU tensions - EU-UK tensions #POUND also pressured from: - BoJo's comment to leave whatever it takes #TurksishLira supported by: - Weaker oil - Positive sentiment after IMF report Stavros Tousios Head of Investment Research Orbex This analysis is provided as general market commentary and does not constitute investment advice
by Orbex
USD/TRY: Weekly Perfectly Shaping Up To Equilibrium Range!Hello dear Turkish Lira traders, merhaba arkadaslar! ;) Let's have a look at our previous analysis from August 11th: => We perfectly bounced of from the support. I had already posted about the Weekly tightening range on August 3rd: Conclusion: This tightening will see a break coming in the coming months, and will dictate the bigger timeframe direction of USD/TRY. Selamlar, Deniz from Edgy 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! :) 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.
Short
by Edgy_
1
USD/TRY is forming a second pennant move We can see on the half hour graph that USDTRY is forming a second pennant formation. We have to wait and see other indicators to support this move such as Parabolic SAR and RSI. Moving average is crossing the bollinger middle band as I'm publishing this. Volume is getting higher in each stick forms. Also bollinger bands narrowed down for a move. Target of this pennant will be around 5,81 This morning price made a false break of pennant support. Just like it did on the first pennant formation. And the steep uptrend started right after this false break. Most probably that false break stopped many people's trade.
Long
by Emrut
USD/TRY: Important S&R zoneHello dear USD/TRY traders, merhaba arkadaslar! ;) The USD/TRY has arrived at the previous important S&R zone of 5.45-5.50. We should see a bounce going on from here, even if it's only short term. If not, previous lows at 5.15 will be activated. 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! :) 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. Selamlar, Deniz from Edgy
Long
by Edgy_
4