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USD/TRY

  • #741
  • Jun 21, 2016 7:44am Jun 21, 2016 7:44am
+50 and I am out...
There's no harm in being smtm wrong especially if one is promptly found out
  • #742
  • Jul 6, 2016 5:17am Jul 6, 2016 5:17am
Attached Image (click to enlarge)
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  • #743
  • Jul 8, 2016 2:36am Jul 8, 2016 2:36am
Attached Image (click to enlarge)
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if we get the short singal we may target the 3.19 level the next important demand level is between 3.1850 and 3.1770 when price arives there we have to look at price behavior and look for further price direction.
  • #744
  • Jul 16, 2016 1:08pm Jul 16, 2016 1:08pm
Two last days were very eventful for Turkey....What are your predictions? I think there is time to trade
  • #745
  • Jul 17, 2016 3:19am Jul 17, 2016 3:19am
What a move last week!
  • #746
  • Jul 17, 2016 9:18am Jul 17, 2016 9:18am
the move was really fast and strong...and what will be with TRY? Let's see what will they say tomorrow.
The number of tourists will deffinitly reduce the next future..this fact will also influence on TRY in a bad way..
  • #747
  • Jul 17, 2016 11:47am Jul 17, 2016 11:47am
Quoting BaskurtAi
Two last days were very eventful for Turkey....What are your predictions? I think there is time to trade
Be patient and wait for price to come back to the origin of the strong move.
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  • #748
  • Jul 18, 2016 9:26am Jul 18, 2016 9:26am
yes, I also think that it will come back. Let's wait
  • #749
  • Jul 19, 2016 10:17am Jul 19, 2016 10:17am
Anyone has an explanation why USDTRY is up even with a failed military coup?
  • #750
  • Jul 19, 2016 10:30am Jul 19, 2016 10:30am
Quoting Fadhl
Anyone has an explanation why USDTRY is up even with a failed military coup?
see moodys report ( note downgrade risk)
country is chaos and foreign investors are uneasy
mass firings/arrests in government/police/army/universities
presidential system may be on cards of Erdogan leading more uncertainity
panic selling on stock market adding more technical selling and technical selling of TRY
money ain't shit,i'm the shit..
  • #751
  • Jul 19, 2016 10:56am Jul 19, 2016 10:56am
Quoting roadtogo
{quote} see moodys report ( note downgrade risk) country is chaos and foreign investors are uneasy mass firings/arrests in government/police/army/universities presidential system may be on cards of Erdogan leading more uncertainity panic selling on stock market adding more technical selling and technical selling of TRY
Thanks so much! The next few days might give an opportunity to buy Turkish Lira.
  • #752
  • Jul 19, 2016 11:30am Jul 19, 2016 11:30am
I'm already shorting from 3.04 . I'm hoping if it approaches 3.07 the central bank will intervene. Erdogan will probably order it, regardless of any economic sense.
  • #753
  • Jul 19, 2016 12:26pm Jul 19, 2016 12:26pm
foreign bonds love to flow in Turkish stocks when TRY is cheap but wanna fall back when TRY is hot..

they sold around market close when usdtry around 3.01-03

wherever it goes tonight, I believe it may go lover and come to 3 level..

2.95 may or 2.97 can be found if 3.0 is broken and may give a nice buy with 2.915 SL

otherwise, it started to touch upper boilinger line and this shows this will continue for some time..
money ain't shit,i'm the shit..
  • #754
  • Jul 19, 2016 12:36pm Jul 19, 2016 12:36pm
Quoting zaghloul
I'm already shorting from 3.04 . I'm hoping if it approaches 3.07 the central bank will intervene. Erdogan will probably order it, regardless of any economic sense.
central bank may not get involved yet as they like usd expensive to maintain foreign attarction
money ain't shit,i'm the shit..
  • #755
  • Jul 20, 2016 10:13am Jul 20, 2016 10:13am
http://www.zerohedge.com/news/2016-0...e-lira-tumbles


- Now, we could see 3.18 or may be 3.20TRY
  • #756
  • Jul 20, 2016 12:05pm Jul 20, 2016 12:05pm
Quoting Ziko9o8
http://www.zerohedge.com/news/2016-0...e-lira-tumbles - Now, we could see 3.18 or may be 3.20TRY

when 3.11(eurtry all time high) is thrumbled, yes 3.18 seems logical as it corresponds 3.50 eurtry (eurusd 1.1)
then 3.26-3.30 maybe the last stop
money ain't shit,i'm the shit..
  • #757
  • Jul 20, 2016 12:34pm Jul 20, 2016 12:34pm
Quoting roadtogo
{quote} when 3.11(eurtry all time high) is thrumbled, yes 3.18 seems logical as it corresponds 3.50 eurtry (eurusd 1.1) then 3.26-3.30 maybe the last stop
- Yeah, totally agree with your long term view.
  • #758
  • Jul 20, 2016 12:59pm Jul 20, 2016 12:59pm
- I reckon USDTRY can pick up momentum to the upside faster than EURTRY.

- We didn't even broke through the all times high EUR 3.4790 TRY, a lot of supply and demand in the way.

- For a long term target in EURTRY market a 3.65 TRY is a possibility.

- To join this train (adding longs) 3.3570 likely, in a very short term view.

- That means a drop about 300 pips in EURTRY value from current quote.
  • #759
  • Jul 20, 2016 1:14pm Jul 20, 2016 1:14pm
Quoting Ziko9o8
- I reckon USDTRY can pick up momentum to the upside faster than EURTRY. - We didn't even broke through the all times high EUR 3.4790 TRY, a lot of supply and demand in the way. - For a long term target in EURTRY market a 3.65 TRY is a possibility. - To join this train (adding longs) 3.3570 likely, in a very short term view. - That means a drop about 300 pips in EURTRY value from current quote.
good point but I think whatever happens on TRY, will be fast.

gbp may be breaking eurgbp channel and eurusd is under 1.11 (0.9 usdeur)
thats why I would try to go long USDTRY first, or short TRYJPY

and stay away from EURTRY and GBPTRY..

your choice anyway, I may be wrong but short term I believe USD up, JPY up (as a reaction), not sure about eur or gbp
money ain't shit,i'm the shit..
  • #760
  • Jul 20, 2016 1:26pm Jul 20, 2016 1:26pm
Quoting roadtogo
{quote} good point but I think whatever happens on TRY, will be fast. gbp may be breaking eurgbp channel and eurusd is under 1.11 (0.9 usdeur) thats why I would try to go long USDTRY first, or short TRYJPY and stay away from EURTRY and GBPTRY.. your choice anyway, I may be wrong but short term I believe USD up, JPY up (as a reaction), not sure about eur or gbp
- Yes, even the central bank of Turkey yesterday cut the lending rate from %9 to %8.75

- That means in the current time, the central bank of Turkey want to see a higher value of dollar and euro against the Turkish lira confirming the uptrend.
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