Get started

USDTRY

The Turkish FUD Hype slowly faded offThe USD is strong against the Pound Euro Yen Yuan, but this is only because they have been devalued so much. Turkey did not immediately go into a collapse, as usual investors have overreacted, now that I think of BTC it is the opposite where they undereact to every thing and happily let whales dump and they hold until they have nothing left XD. The Lira went way down way too fast I guess, and things are getting a little better. Hey, of course not as good as Erdogan was hoping for but he is insane, so it is not bad news that things are not as good as the governement predicted. Looks like the hype has been slowly fading away, and I am looking at a dump in the next weeks. Some reversal examples: etc. Good news everybody, there is big positive swap short, I think it is around 15% of the Daily ATR every day in our pockets. If the price enters in the red circle here, it could be interesting to go short and hold that for a few months. + High RR + Turkey more bullish than scam monetary policies US & EU, I think investors overreacted to TR and undereacted to the US pyramid scheme verge of civil war situation + And also didn't realise the USD was only strong because of devaluated EURO etc + Price in distribution ABC top + Interest is very interesting, not as storng as it was a few months back if I recall, but still pretty good, probably it will get less crazy as the price drops
Short
by MrRenev
7
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
USDTRY 4H Long buy opportunity We can take a long buy trade from recent levels : 5.5730 - 5.6200 TP1 : 5.7700 TP2 : 5.9630 TP3 : 6.1830 Stop Loss : 5.4000 This is not an investment recommendation or any call to buy or sell It is just an analysis based on a study of the history of price action Behavior , that may not be a necessarily reason for the success of the structure or repetition. So please make your decision based on your vision . To protect capital and manage your deals and trading successfully the maximum loss in each transaction for the same currency or commodity in the same direction should not exceed ( 2% ) of the capital . Good luck
Long
by Golden_Spiral
About income inequalityAh, the great nations of Ethiopia and Afghanistan. Since very low income inequality is, according the far left, the absolute peak of human development, then we can all agree that Kazakhstan, Ethiopia, Afghanistan are among the most prosperous nations of the planet, absolute powerhouses! Every single country that tried "equality" has failed utterly. The ones that lasted longest were those with fossil fuels, and the ones that today can make it work are countries with fossil fuels (Norway...). Sweden is not a complete failed state, this is the socialists of america main point. They have only been socialists for 10 years LOL. Sweden is not a complete failed state YET. They have already began to decline and they barely just started with socialism... On the other side, things are not better. The most inequal countries are in latin america and sub equatorial africa. (en.wikipedia.org www.indexmundi.com) Here is the top 10: You may be aware of the growing popularity of the far right in South Africa (that openly talked of killing all whites). Who are these top 10% in most of those countries? Well that's easy. The ruling class and the ones holding the guns. As long as the military are well armed and well paid, the rulers can keep taking everything for themselves... Great places. But they are idiots. They keep 99% of the pie. But the pie is tiny. Not worth it. The USA, with their current culture of overpaying CEOs, giving them golden parachutes, paying the shareholders and ignoring the workers, short term profit more more moar, are drifting towards that extreme inequality... Long term is NOT bullish. The answer of the people of America was voting for Trump in 2016, and nearly having Bernie Sanders run for president on the left (Hilary barely beat him ~55% to ~45%). And things have gotten way worse. And until the USA goes back closer to the center things will just keep getting worse. The right is blaming foreign nations & illegal migrants, the left is blaming straight white men. Both are (obviously) wrong and stupid. Apes. Sweden, or some call it Swedistan, are the generational short at the moment, until something changes... I think the far right is on the rise there, maybe they jump to the other extreme. But I doubt it. Long term outlook is "it's going to ZERO", keep an eye on politics there. A change of mentality can change things very rapidely. When Germany went full fascist in the 1930s their currency and economy recovered faster than you could say "why is the margin clerk calling me". Of course we all know what happened after that initial short term relief euphoria. Turkey is in a downtrend and have high inequality but I am not sure about the situation there. I want to see what happens after Erdogan. Maybe same as Venezuela after Chavez? XD RIP. It seems logical to me that the perfect situation is in the center, but even if this is not obvious enough, history has shown that this was the most prosperous environment. Economists agree that inequality is good, and necessary. Anyway, how is the guy that puts groceries in bags getting rewarded the same as Henry Ford fair? Lmao. It does not matter if you agree or disagree with politics, really hate the far right NAZI and do not want their economy to go well (short term). If you ignore facts and numbers the margin clerk will call you regardless of your views ;)
TVC:DJIEducation
by MrRenev
4