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USD / TRY for July 2

Chart Scale: Weekly, Monthly
Indicator Used: Bollinger Band, EMA 200, 50, 20, Support and Resistence, ATR 14, Volume
Monthly Chart:
Weekly Chart:
Pair Analysis:
Try is the weakest Emerging Currency right now, It is astonishing trend, Price is way over Ema 200, 50, 20. Candle even broke the Bollinger Band which usually only happen in strong movement. There are still chances this strong move continous at least for another month till it will normalise.
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09 - Turkey and USA

Why have Turkey and the US suspended visa services?
Since the failed putsch in July 2016, authorities have arrested tens of thousands of Turks it accuses of having links to the Gulenist movement in a sweeping crackdown, but also has included at least a dozen US citizens, some with dual Turkish-US nationalities, one of was Andrew Brunson, an American pastor.
Washington once saw Turkey as key to battling Islamic State militants and other terror groups in Syria and Iraq.
The new diplomatic low betw…
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EUR/TRY Still Can't Break Past Resistance

The EUR/TRY still can't break the important resistance around 4.17 - 4.18 Euros. As we can see on the chart below, the pair tried hard to break free only to be pushed back down below this level.
But I'm not ready to bet on EUR/TRY losses just yet. On the lower time-frames (below) we're seeing the struggle as well. All summer the pair has stayed ranged-bound. I see no reason for this to change now, so betting on more of the same and prices staying near here seems like a prudent choice.
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French President I no longer view Assad’s removal as a precondition for anything, since I don’t see anyone who could become his legitimate successor

French President Emmanuel Macron signals the abandonment of regime change policy saying removal of President Assad from power is no longer France's "priority" which will focus on working with Russia to defeat Jihadi terrorism instead.
Newly elected French President Emmanuel Macron is the first Western leader to reflect the changed political realities in Syria caused by the recent advances of the Syrian army.
Specifically, Macron has confirmed that removing President Assad from power can no longe…
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To travel is to live

В моей жизни было не так много путешествий заграницу, но обе поездки в Турцию запомнились, прежде всего, невероятным морем и украшениями.
Расскажу Вам про первое только, ведь оно было совершенно не спланировано.
Мой друг отправил меня вместо себя с его девушкой, т.к. по рабочим вопросам просто не смог поехать. Иначе путевка - сгорала. Я не видела ни отеля и, конечно не знала, что за место.
В свои годы, я ни разу не летала на самолете и смутно представляла, что и как происходит. Полет прошел отли…
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Turlish Lira Still Struggling to Make Headway

The Turkish Lira is still struggling to make headway post US-election day. On that faithful day prices peaked at 3.6915 but ever since, the EUR/TRY has been unable to achieve much. We are currently quoted at 3.7042, barely above that post-election high.
On our second chart below we see that the pair has made very little change during December. We opened that month at 3.6445 and we are now at 3.7042, a move of only 1 percent. This underscores the range-bound nature of this pair during this year.
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Turkish Lira to Continue Stabilization

The month of November started out unusually busy for the EUR/TRY. This pair usually doesn't move much. But in the aftermath of the US election, we saw a spike all the way to the 3.6900 level. Over 20 days later and the pair still can't surpass the highs seen on November 10th. This shows that we're finally stabilizing.
But that's only reason number one why I'm betting on stabilization in the EUR/TRY. The second reason is shown on the hourly chart below. Notice how no clear momentum can be seen he…
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Elens94 avatar
Elens94 1 Dic

Good work

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Turkish Lira Still in Range

We'll do a two-part analysis on the EUR/TRY. First let's take a look at the long-term picture. On the chart below we can see that this pair has been stuck in a giant triangle pattern for the past 15 months. We've seen some retests of the top of the pattern in the past month but so far the formation is holding up.
Now let's take a look at a lower time-frame. The chart below shows the EUR/TRY on a daily chart. Notice how we're trading barely higher then where we were back in July of this year. Yes…
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No Change Expected for Turkish Lira

I expect to see little change in the price of the Turkish Lira versus the Euro. Exhibit A below shows that the pair has been stuck in a triangle pattern for the past 14 months (since August of 2015). This a trend-continuation pattern if prices finally manage to break through. But until that happens, betting on more of the same is a no-brainer.
Exhibit B shows a snapshot of the daily price movements. We again notice how the EUR/TRY is trading mostly range-bound since March of this year. We opened…
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fxsurprise8 avatar

The EUR/TRY is now quoted at 3.3954, about 0.77% away from my 3.3692 forecasted price. So far in October we had a range of only 3.1 percent, with a high at 3.4418 and a low at 3.3357.

The movements have been range-bound as well with the pair opening at 3.3665, rallying to a high of 3.4418 in the first few days only to fall to a low of 3.3357 by October 21st.

Closer to the end of the month the lows got bought up and we're now quoted at 3.3954, fairly close to my target as noted above.

Overall my analysis has been mostly correct so far with the EUR/TRY. We're still inside the long-term range.

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Turkish Lira Still Stuck in Large Triangle

Volatility in the Turkish Lira is still subdued. The pair continues to trade inside a large triangle (see below). Until prices finally breakout higher or lower, we're going to see more of the same i.e. ever narrower ranges.
On the second picture below you can see the second reason why I'm betting on no change in September at 3.3015. The EUR/TRY spent all summer inside a range, bouncing between the highs at 3.42 and the lows near 3.17. The 50% Fib retracement of this range is at 3.30, which is al…
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