Get started

EUR TRY

EUR/TRY 1H Chart: Upside potential apparentThe Euro has been trading in an ascending channel against the Turkish Lira since the beginning of current week. As apparent on the chart, the Euro has reached the upper boundary of this pattern. In addition, technical indicators are in favour of bullish scenario. These two factors allow to think that a breakout is due in the nearest future. Traders should look out for the 0.00% Fiboncacci retracement at the 8.103 mark. In case, this mark is not breached, it is likely that the bearish sentiment takes over the pair.
by UnknownUnicorn890690
Lira on the way back to 7!Hello my dear Lira traders & interested people! ;) The lira sell-off continues guys. Fundamental news which affected the price: -Moodys downgraded 20 more Turkish banks -Berat Albayrak, finance minister, doesn't see Turkey in a crisis -The fall in Peso also intensified the selling, not just in Lira, but also in other emerging market currencies Have fun watching! ;) If you had some value from my analysis, make sure to like & follow me so you don't miss it next time, I'm doing Daily Analyses! I wish you a good trading! :) No matter what you do, please set your stop loss. About myself: Global citizen & early Bitcoin adopter from Germany. I invested in the 2nd rally from 50 to 1.000 Dollars in BTC.
by Edgy_
8
Economic Warfare? Lira in 4H equilibriumHello my dear Lira traders! :) Fundamentals: The language between the US & Turkey is getting harsher. National security advisor John Bolton came out and said that Turkey is making a huge mistake by not releasing pastor Brunson. Ibrahim Kalin, spokesperson for president Erdogan, is now speaking of 'economic warfare' against a NATO ally. Technical Analysis: We're in an equilibrium between the ranges of 6 & 6.2. Should we break higher, we have 6.33 as the upper wick of the previous move to take out first. Have fun watching! ;) If you had some value from my analysis, make sure to like & follow me so you don't miss it next time, I'm doing Daily Crypto Analyses! I wish you a good trading! :) No matter what you do, please set your stop loss. About myself: Global citizen & early Bitcoin adopter from Germany. I invested in the 2nd rally from 50 to 1.000 Dollars in BTC.
by Edgy_
8
LIRA CONSOLIDATION -IMF HELP GETTING DISCUSSEDHello my dear USD/TRY traders, hope you're doing fine guys! ;) In today's video, we're gonna be looking at the fundamentals, and will analyse the pair in the end. Important was: -Trump is not backing -Also the FED is concerned about the rapid collapse of the Lira -Sigmar Gabrial (former German foreign minister) & Andrea Nahles (current chief of the German Social Democrats) are bringing economic help for Turkey to the table -Mesale Tolu, German-Turkish journalist, who was released from prison, may leave the country Have fun watching! ;) If you had some value from my analysis, make sure to like & follow me so you don't miss it next time, I'm doing Daily Crypto Analyses! I wish you a good trading! :) No matter what you do, please set your stop loss. About myself: Global citizen & early Bitcoin adopter from Germany. I invested in the 2nd rally from 50 to 1.000 Dollars in BTC.
by Edgy_
Lira takes a breather -equilibrium between $7 and $5.8 possibleHello my dear USD/TRY traders, hope you're doing fine guys! :) Since the last time we spoke, USD/TRY spiraled to 7 Dollars, which is seeing many traders jumping on the train. So obviously a correction here had to come and is very normal. We have retraced back to 5.68 with the wicks -and now we're gonna wait and see, what pattern we get at the top. Fundamental news that had an effect were: Qatar pledging help to Turkey The central bank/government curbing the possbility of banks to lend money tot short sellers from 50% to 25% Turkey responding with tarrifs to US consumer goods If you had some value from my analysis, make sure to like & follow me so you don't miss it next time, I'm doing Daily Analyses! About myself: Global citizen & early Bitcoin adopter from Germany. I invested in the 2nd rally from 50 to 1.000 Dollars in BTC.
by Edgy_
Bullflag > Turkish PresidentHello guys, hope you're doing fantastic! ;) In this special analysis, we look at the fundamentals of what is going on with the Lira, why it's losing so rapidly in value, and also the big picture on the weekly chart. Have fun watching! ;) If you had some value from my analysis, make sure to like & follow me so you don't miss it next time, I'm doing Daily Crypto Analyses! About myself: Global citizen & early Bitcoin adopter from Germany. I invested in the 2nd rally from 50 to 1.000 Dollars in BTC.
by Edgy_
8
Price Moving back to Support on The EURTRYLast post: June 2nd. See chart . Review: Price had bounced off support and the bulls were looking strong again. Update: The bull revival was short-lived and the bears are now taking price back to support. Conclusion: We would like to see a reversal chart pattern and for the bull trend to continue. Patience needed for now. Any comments or questions, do not hesitate to leave them below. Give us the thumbs up if you share our sentiments! Sublime Trading
Long
by Sublime_Trading
Elliott Wave Analysis: EURTRY Clearly With Room For More UpsideHello traders! Let's learn something. FX:EURTRY has been trading bullish for some time, but at the end of May slowed down, clearly in a three-wave A-B-C correction with the same length of waves A=C, which are actually ideal three waves down in EW theory for a regular correction. As we know, in EW, five waves indicate direction of a trend and EW also says that after every fives, a three-wave correction follows. If we take a look at chart, we can see really nice five waves up from 5.1759 lows and also slow three waves down, which means that we are trading near ideal support zone for a bounce between 50% - 61,8% Fibonacci retracement in a 5.28-5.34 area. Even if goes lower, we will remain bullish, as long as it's trading above 5.1759 invalidation level. At the moment it doesn't matter, if it's going up in wave C or 3, we are always looking for a minimum expectation of three waves A-B-C or 1-2-3, so 5.63 is our first target, but if from any reason goes much more impulsive, then next target can be also 5.81 for wave 3.
by ew-forecast
3
The EURTRY Finding Strength AgainLast post: May 23rd. See chart. Review: The bulls were very much in control of the market when post went up. Update: Price saw a total intraday reversal which led to a pullback to pivot support. Price is now bouncing off from this level. Conclusion: Standing aside until the resistance high of May is cleared when we look to add more long trades. Any comments or questions, do not hesitate to leave them below. Give us the thumbs up if you share our sentiments! Sublime Trading
Long
by Sublime_Trading
EUR/TRY 1H Chart: Patterns point to declineThe common European currency has been strengthening against the Turkish Lira for a long period of time. This upside movement gained strength considerably early in May which resulted in a 18.40% surge during these three weeks. After reaching the 5.73 mark earlier this week, the pair plunged 5% in one hour on May 23 and thus fell down to the upper boundary of the breached one-year channel at 5.32. The Euro has since recovered but has nevertheless failed to reach its previous many-year high of 5.73. It is likely that bulls exhaust their strong upside momentum within the following sessions and initiate a new decline. A near-term target is the breached channel line, the 200-hour SMA and the monthly R2 at 5.35/30. Subsequently, the pair could edge even lower down to 5.20.
Short
by UnknownUnicorn890690