There's no harm in being smtm wrong especially if one is promptly found out
USD/TRY and EUR/TRY 12 replies
Exotics (USD/TRY, USD/ZAR, USD/MXN, and others) 2,321 replies
Lets try something new CUT OFF DATE 5 replies
USD/TRY fundamental analysis 1 reply
Anyone try using XAU/USD - XAU/EUR as proxy for EUR/USD? 4 replies
DislikedTwo last days were very eventful for Turkey....What are your predictions? I think there is time to tradeIgnored
DislikedAnyone has an explanation why USDTRY is up even with a failed military coup?Ignored
Disliked{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 TRYIgnored
DislikedI'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.Ignored
Dislikedhttp://www.zerohedge.com/news/2016-0...e-lira-tumbles - Now, we could see 3.18 or may be 3.20TRYIgnored
Disliked{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 stopIgnored
Disliked- 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.Ignored
Disliked{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 gbpIgnored