TURKISH LIRA – New Hope after Trump-Erdogan Call…

TURKISH LIRA   –  Back Today on ATA Research Radar 

 

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…

13.09.2018 –  TRY vs Turkish Central Bank Meeting with Erdogan Factor…

with

ATA Following …

DXY Index & EUR/USD

31.03.2019 –  DXY – F/X MARATHON ELITE…

26.05.2019 – EUR/USD – European Political New Arrangement Risk…

US YIELD 

29.05.2019 –  US 10Y BOND YIELD – Awakening & Run to Safe Haven…

 

Turkish Motives 

Latest RISK ON 

Trump-Erdogan Phone Call

Hopes of Deal regarding S-400s from Russia & Remove Sanctions on Turkey

with

Turkey’s Central Bank  effectively lowering Rates by 1.5% 

vs

Latest RISK OFF 

Turkish Economy shrank in Q1 2019  ( – 2.6% )

&

Finally  TRY Reaction

Lira Dynamic Rising Wave – Back under Psychological Key Level 6.00 

 

TURKEY

 

First…ATA from  13.09.2018

” 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 “

Second…Present  USD/TRY  Situation 

 

First…Main Motives

Global & US – EU Slowdown  & Recession Risk

FED  vs ECB & BOJ Monetary Policy

&

TRUMP Trade War

Tariffs Trump Key Tweet 

New US Tariffs

New China Tariffs 

&

IRAN – AMERICAN STRIKE RISK

NORTH KOREA RISK Back 

with

Special Turkish Motives

above in this text…

 

 

Second…Market Technical  Patterns 

May Monthly Bear Candlestick Pattern – Shooting Star 

after

Last Big Rising Contraction ( February – April 2019 )

with

Monthly & Weekly MACD Buy Signals

Monthly Negative Divergence 

vs

Daily MACD Sell Signal

of course with

FIB RET   

(  Monthly,  Weekly  &  Daily  Charts )

 

 

USD/TRY  Present Active Range

6.00   vs   5.80

 

ATA  USD/TRY  Investment Conclusion 

Focus carefully Result of  Testing 

Psychological Key Level  6

vs

Last Support Zone  5.80

 

 

N – TIMES

Finally …

F/X  Maxim 

Most Important is  Final  Smart Money Reaction….

First…EOD-s 

Second…EOW-s

Final…EOM – Now June 

 

 

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

31.05.2019

USD-TRY - M

USD-TRY - W

USD-TRY - D

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