Turkish lira analysis forecast The Turkish lira 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 Last post on the try was “Is the journey of the Turkish lira halted or is it just a pause“ Past Reviews covered the Turkish lira…
Turkish lira analysis Is the journey of the Turkish lira halted or is it just a pause?The Turkish lira, which soared to a record high of almost 4 against the dollar last month, fell below 3.90 after Recep Tayyip Erdogan said he had given no orders to put restrictions on capital inflows abroad.In addition to the economic aspect of the…
Turkish lira technical analysis update The Turkish lira weakened to a record low of 3.9789 against the dollar today, extending losses driven by concerns about Ankara’s strained relations with the United States, inflation risks and monetary policy uncertainty. My scenario as you probably know and I said more than once that the trend is still in place and we expect…
Turkish lira price forecast technical analysis update The Turkish lira is weakening again against the dollar again over 3.76, after last week it has already touched 3.88 Today there was some majors announced: Turkish Central Bank takes a step to provide liquidity, The Central Bank on Monday lowered the upper limit for forex maintenance facility, a move that will provide…
Has the Turkish Lira finished the correction from the last record level and is now facing new highs?
Turkish lira price forecast technical analysis update The Turkish lira is weakening again against the dollar again over 3.50, after last week it has already touched 3.47 and is back down again Some economics facts from last period: Turkey’s 5.1% growth in the second quarter was stronger than expected, asset reporting. there are some opinions about the slowdown in the…
Turkish lira technical analysis update Turkish lira raised the lowest level of the last two months against us dollar, coming in at 3.4920 Monday, fell below the 3.50 level today. The dollar had reached a historic high against the lira on January 10 at 3.9350.The USD / TRY rate continues to maintain its horizontal course. In global markets, the calm course…
Turkish lira technical analysis forecast Will third time lucky in Turkish lira price past and future Applies Again?Look closely at the chart I attached this post Pay attention to the cross line strips: Two times in the past in 2014 and 2016 there is similar behave – if I’m reading the map right and trying to project what is currently…
USD TRY – Turkish Lira Price Technical Analysis Forecast 2017 opened with massive movements on currency markets, with an impressive strengthening of the dollar against all currencies, After the Turkish lira almost reached to 4 against the USD we saw a recovery in the try. After the Turkish lira almost reached to 4 in the beginning of 2017 yesterday we…
Turkish lira Price Technical Analysis Forecast update From my last post, I wrote couple scenarios: http://www.daytrade-profit.com/2017/04/what-interesting-pattern-is-created-in.html The first option – breaking area of 3.82-3.86 will lead the usd try to cope with + 4.10Option Two: Amendment to the 3.55 to 3.59 area and from there back to the peak, with the possibility of hacking the last highA third option: correction down…
Turkish lira Price Technical Analysis Forecast update Long time no speak about usdtry – it’s about time to take look on this pair, let’s test and review the Turkish lira momentum From my last post, I wrote couple scenarios The first option – breaking area of 3.82-3.86 will lead the usd try to cope with + 4.10Option Two: Amendment to the…