TRY vs Turkish Central Bank Meeting with Erdogan Factor…

ATA Continuation of

16.07.2016 –  GLOBAL FLASH POINTS…from MILAN & NICEA to ISTANBUL…

23.07.2016  –  TURKISH ASSETS IN ATA FOCUS…

11.08.2018  –  TRY – TURKISH F/X SUPERNOVA EXPLOSION…

&

18.08.2018  –  TRY – TURKISH RATING DOUBLE IMPACT…

 

After…

TRY  Last RISK OFF Motive 

Turkish Rating Cuts

vs

TRY  Last RISK ON Motives : 

QATAR Financial Help  (15 billions USD) 

 

Now…

on  TURKISH LIRA Investment Horizon  we can see  New Motive…

TCMB Meeting 

US & West European Investors  want  Turkish Central Bank to hike interest rates 

but

President Erdogan  has Different Vision of  Turkish Monetary Policy 

 

Turkish central bank

 

like always…

ATA MIND OVER MARKES

ATA MARKET MODEL : 

First…Market Motive…

Second…Market Technical  Pattern…

 

Present  TURKISH LIRA   Situation 

New Motive  –  TCMB Meeting  with Erdogan Pressure 

&

Technical  Pattern

Now – after  PANIC PHASE  &  Last TRY RISK ON Wave

still  Looking  for  Real Chart Pattern

 

Present   USD/TRY  depends on…

Today  Smart Money Reaction  to    TCMB  Verdict 

 

Remember

 US Pastor still isn’t free…

&

ERDOGAN doesn’t want  IMF Financial Help &  Rate Hikes

 

one more time…

Turkish  Debt  still  rising…

turkey total debt

 

 

ATA Investment Conclusion :

Special Focus on  Real & Verbal Impulses  from  TURKEY  (   TCMB  & Erdogan ) 

&

SMART MONEY  Reaction  on  Turkish Central  Motive

 

Present  TURKISH LIRA Situation 

All Time MAX  7.23  Zone ( 13.08.2018 )  &  August Close   6.5380  (  31.08.2018 )

with

August Mega Candlestick with  Upper  Shadow 

&

September  Red Candlestick  with  Upper  Shadow  ( for Now )

( Monthly Chart ) 

&

Weekly Key Levels  6.40 – 6.50  vs  6.00

4  Candlestick  with  Upper  Shadows  ( Weekly Chart )  

with

Daily Key Levels  6.58 – 6.60   vs   6.35

Triangle Pattern  &  FIB RET   (   Daily Chart  )

 

 

USD/TRY  Monthly , Weekly  &  Daily  Charts :

 

10.08.2018

try m

try wtry d

17.08.2018

USD-TRY-M

USD-TRY-W

USD-TRY-D

13.09.2018

USD-TRY-M

USD-TRY-W

USD-TRY-D

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