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…
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…
Turkish lira hits all time numbers USD/TRY made sharp move this early morning and climbing to 3.0 area.investor are concerns about security situation and political situationPresident Tayyip Erdogan cautioned that Turkey is rapidly heading toward an election.Meanwhile PKK bombing kills 8 Turkish soldiers in southeast , adding that the likely Fed monetary tightening this year would “definitely” affect Turkey negatively. from the technical side:we…
Usdtry price technical view You need to look closely on the charts ,first the pair usdtry archived the numbers from the last summary “we can see at the charts –there is an uptrend prior to the rounding bottom,Prices then begin to fall, followed by a shallow bottoming process, and then prices begin rising at a steeper grade creating the visual…
usdtry technical view and outlook forecast TRY Will Continue Reduce Value…Usdtry technical view remain bullish ,we can see The rounding bottom pattern at the charts –there is an uptrend prior to the rounding bottom,Prices then begin to fall, followed by a shallow bottoming process, and then prices begin rising at a steeper grade creating the visual appearance of a bowl…