TRY – TURKISH STORY with COVID STORY…

TURKISH LIRA –  Back Today on ATA Research Radar 

 

ATA Continuation of…

2016

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

23.07.2016  –  TURKISH ASSETS IN ATA FOCUS…

2018

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…

 

TURKISH LIRA Master Motives

USD F/X  Master EM Currencies Pathfinder Falling Wave 

with

Last Pandemic Warning & Panic 

vs

Present COVID-19 Vaccines Hopes 

European & Middle East Recovery Hopes 

created by Mainstream

with

Türkiye Cumhuriyet Merkez Bankası İdare Merkezi Easing Policy 

Last Cuts Interest Rates from 8.75% to 8.25%

Amid Coronavirus Crisis in Effort to Aid Recovery

vs

Pandemic Second Wave Fear Strikes Back  

vs

Roubini ‘Dr. Doom’ Mega Warning

10-year Depression is coming… investors far too confident about a possible recovery…

with

Afterpandemic New Reality 

EUROZONE – US  – ASIA – MIDDLE EAST – Global Economy Reopen

Recovery Scenario Mainstream Projections 

 

FED-BOJ-ECB-BoE-Biggest ever Black Swans

Minsky Moment Flat Money “Printing” System

vs

Coronavirus “Ugly Duckling”-Trigger

 

TRY

 

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

4  Candlestick  with  Upper  Shadows  ( Weekly Chart )  

with

Daily Key Levels  6.58 – 6.60   vs   6.35

Triangle Pattern  &  FIB RET   (   Daily Chart  )   “

 

Second…Present  USD/TRY   Situation 

USD/TRY  SECULAR  ACTION

 

ATA MIND OVER MARKETS

Charts have No Temperature

Markets Never Wrong vs Often Mistaken 

Hope is Not a Strategy 

Follow the Trendlines  Not the Headlines 

Failed Signal is the Strongest Signal

 

ATA MARKET MODEL 

First…Market Motive…

Second…Market Technical Pattern…

Final…INVEST & TRADE – DON’T FORECAST…

 

First…Key Motives

above in this text…

 

Second…Market Technical  Patterns 

Long Term  View 

First of All

USD/TRY New All Time High 

7.40 Zone   ( 7.4017 )

Dynamic Rising  Wave above Psychological Key Level 7.00 Zone

After

2018 Turkish Supernova Explosion 

with

Goldman Sachs ” Help ” 

&

Activated

First… Key Top with USD Bears Contraction 

Back under Psychological Key Level 7.00

with

Test 30% Fib Ret Zone 

Second…Back to  USD Bull  Secular Trend 

Now dominating

Second Back above Psychological Key Level 7.00

with

Present Testing Higher FIB EXT  3.144% 

&

August Monthly Bull Candlestick 

with

MACD Monthly Buy Signal vs Negative Divergence

 

ATA  USD/TRY  Present Investment Conclusion 

Now dominating

New TRY  Falling Contraction  

with

New Back above  Psychological Key Level 7.00 Zone 

Now

Special Focus on

Active Range  7.00   vs   7.50

with

Master Psychological Key Level 7.00

&

FIB EXT  Secular Bull Wave 

 

ATA Wall Street Maximes

MAJOR TOPS  WERE ALWAYS CREATED

on

SUPER GOOD NEWS

with

EUPHORY PHASE

 

Market Trend always changed when Mainstream Media created 

One Slogan ” No Chance for Change “…

that’s why

Charts show you  Reversal Pattern First  ex ante…!!!

 

N- TIMES

Risk strikes Fast…

Chart is More Important than 1000 Words…

&

Most Important s Final Smart Money Reaction…

EOM – Now  August

 

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

USD/TRY  Monthly Charts

21.08.2020 – Assian Session

USD-TRY - M - Fib Ext
USD-TRY - M - Fib Ret

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

Create a website or blog at WordPress.com

Up ↑

%d bloggers like this: