View RSS Feed

Recent Blogs Posts

  1. How Gold Would Fix Turkey's Achilles' Heel: The Lira

    by , 12-07-2017 at 06:31 AM
    Name:  usdtry-w1-fx-choice-limited.png
Views: 108
Size:  31.9 KB

    President Recep Tayyip Erdogan likes to swagger and attempt to punch above his weight. While his rhetorical threats and theatrics keep many allies and enemies off balance, they do not fool the Turks. Most of their bank deposits are not denominated in lira, but foreign currencies.

    more...
  2. USD to Turkish Lira: breakdown with the bearish reversal

    by , 04-03-2016 at 11:02 PM
    W1 price is on breakdown with the bearish reversal which was started in the end of the February this year: the price is breaking 2.8386 support level to below together with Senkou Span line which is the border Ichimoku cloud and the virtual border between the primary bearish and the primary bullish trend on the chart. The price is ranging within the following key support/resistance levels:

    • 2.6140 support level located below Ichimoku cloud in the primary bearish area, and
    • 3.0745
    ...
  3. USD to Turkish Lira: bullish breakout with 3.0745 next target

    by , 01-18-2016 at 08:12 AM
    Weekly price was on ranging market condition to be located above Ichimoku cloud in the bullish area of the chart. The price was started with the secondary breakout within the primary bullish trend in the beginning of January this year by breaking 3.0279 resistance level.

    Price is breaking 3.0745 resistance for the bullish breakout to be continuing, and Absolute Strength indicator is estimating the bullish trend in a medium-term and a long-term situation for this pair.
    ...