Turkish lira analysis forecast A lot happens with Turkish lira last month, Turkish lira weakness against us dollar to a new record above 4 and drop at the end of the month – last day to 3.96+_ below 4, the economy is vulnerable to external shocks since it relies on foreign capital inflows to finance its current account deficit.Erdogan has clearly…
Markets technical analysis update The markets are experiencing great volatility and nervousness, quite reflecting the state of the weather in the world in terms of the climate – which is an interesting thing in itselfFurther to the post at the beginning of the week – I want to focus on the last of the markets since the election of TrumpThe…
Stock Market Technical Analysis Forecast This move was expected- Since last records on markets (in end of January), and the beginning of corrections in February the price looks like searching for balanced and direction – the last post was talked about patterns who suggest for more moves Some economic Facts: The Fed’s balance sheet “narrowed by $ 5.5 billion last week, and…
Crude oil Technical Analysis Crude oil futures rallied Tuesday due Tensions between Iran and Saudi Arabiain Baker Hughes oil rig counts from the other week show reduction who could keep prices supported. The Energy Information Administration is also due to report its inventory data today, also today will publish FOMC statement that would likely have an impact on market sentiment.…
GBP USD ANALYSIS GBP USD jumps sharply and broke above 1.40 barrier on news that Brexit transition deal is agreed, Its a Busy week for the British pound: cpi , rate decision , Brexit talksThe legal text of the agreement is expected to be delivered to the EU summit on Thursday and Friday for final ,the date for the transition…
Turkish lira price analysis forecast Last February I posted an update on The Turkish lira who’s traded almost 3 months between 3.85+_ to 3.73+_ boundary price after last year we saw in November new record and Turkish lira almost touch 4 against the dollar, this week Turkish lira break up above 3.90 for the first time since then,Turkish lira also hit…
Stock Market Technical Analysis Forecast Since last records on markets (in end of January), and the beginning of corrections in February the price looks like searching for balanced and direction – the last post was talked about patterns who suggest for more moves Bedside this post we can see also now the triangle pattern in Dow Jones index – break…
Bitcoin Technical Analysis Forecast Cryptocurrency still trades below 10000$- it was expected (look the same story ….)Also, we can see, the declines are followed by higher volume than the inclines, which indicates that the sellers are stronger than the buyers last months. All cryptocurrency suffer from hackers’ who’s sneaking cryptocurrency transaction processing software onto corporate networks, personal computers, and other…
USD/JPY Price Technical Analysis Forecast USD/JPY strengthens last week due to a good NFP report, In addition, knowing the possibility of holding talks and meeting the President of the United States with the North Korean ruler, that news are reducing tension and negative pressure on the jpyBut the trend is still bearish, USD jpy stay below 109.60+_ resistance. Considering bullish…
GOLD PRICE TECHNICAL ANALYSIS Gold failed to break up the upper bounder in 1360- 70$, we can see very clearly on the charts – trading between 1200-1360+- areasThe big question is when this shuffle trend will finish: will it go to 1400$ Or 1100$? We have also others facts about US dollar and gold prices such as high yield, interest rates,…