GBP TRY British Pound Turkish Lira Technical Analysis GBP Turkish Lira technical analysis let’s start with that I do not usually trade or analyze this specific pairBut it seems that there is an interesting potentialThe Turkish lira, as I analyzed a number of posts for the last period seems it shows a Downward trend and trend of strengthening against the dollarIf we look…
USD/TRY Technical Analysis Forecast Yesterday we got FOMC decided to “maintain the target range for the federal funds rate at 1/4 to 1/2 percent “, but cut its forecast, and now expects two rate hikes this year to 0.9%. Following the announcement, the dollar was down more than 1% against the major currencies and this, of course, affected the Turkish…
Why the Markets Afraid from Fed interest Rate Decision The Federal Open Market Committee (FOMC) financing cost choice on Wednesday at 2 p.m. ET, trailed by a question and answer session at 2:30 p.m. ET with Federal Reserve Chairman, Janet Yellen.It is broadly expected, the Fed won’t raise rates, particularly since the European Central Bank cut rates this previous week.Work…
Turkish lira technical analysis forecast Turkish lira – usd/try Looking at the graph of the Turkish lira, the currency made double top at 3.06-7 pricesNow there are several options:Price level convergence 2.86 area wider range of 2.75 to 2.87Breakdown 2.75 level will send the pair to the 2.65-66Conversely up crossing the 2.87 area confirming the continuation of the main trend…
How the situation influencing the usdtry Turkish lira long time no talkwhat we have now:Looking at the graph of the Turkish lira, the currency made double top at 3.06-7 pricesNow there are several options:Price level convergence 2.86 area wider range of 2.75 to 2.87Breakdown 2.75 level will send the pair to the 2.65-66Conversely up crossing the 2.87 area confirming the…
Turkish lira the trend is over ??? we got the move I was expected to:http://www.daytrade-profit.com/2015/09/usdtry-price-correction-is-on-way-usdtry.htmlUSD/TRY made sharp move this early morning and open gap down to 2.82 area. we need to watch how the trend will continue later on this week, don’t forget The opening exchange rate after the election in June had seen the highest level while 2.80 2.75 level. However,…
Turkish lira potential correction on the way ? From my last post on 20.8.2015 :USD/TRY made sharp move this early morning and climbing to 3.0 area.we could see that the strong move today suggests lira selling could be related to triggering digital options at the 3.00 mark in an liquid market, we need to watch how the trend will continue later on cause im…
how low/high can eurtry go ? At the beginning of 2014 we saw the eurtry reached to high records above 3.20 levelSince then he went down to 2.60 at January 2015Closer look on the charts show us couple things:The EURTRY pair is struggling to break above the strong resistance zone of 2.89 – 2.90, previous support level provide a significant…
Usd try Technical update for 18.06.2015 : we can see the pattern in the chart it show us that there triangle for upside move to 2.89 area or Downside to 2.57 area ,break down 2.71 area will accelerate the downside momentum USD/TRY has recently touched a strong resistance level, the overall outlook remain bullish, and the downside should be limited by the potential…
usdtry trend technical analysis As I watched my last review at 13.04.2015 see below , the usdtry reached the targetsAnd now I think, we are early in the process facility last upward waveIn my opinion the pair will go check 2.62+_ area If and was, and the level of 1.58 to 9 will break, then it is likely that usdtry will…