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Karman Kui @xyzkui shared a post via @xyzkui
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Well $USDTRY is near the 5.51. If it bounces off and doesn’t fall through too much then it’s a good buy entry.
Otherwise wait for next support around 4.6 or so. (see previous post) ... Show More
Karman Kui @xyzkui
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$USDTRY Look out for when the weekly RSI hits 50 (currently around 56) and especially 5.51! Might be a good entry for going long. Make sure your SL sustain a drop to 4.6!! Both are important weekly SMA levels. ... Show More
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xyzkui @Woolfnas18 Thanks! ... Show More
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Woolfnas18 You are welcome 😊 ... Show More
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Woolfnas18 The Government of US President Donald Trump has imposed sanctions against Turkish Justice minister Abdelhamid Gul and Interior Minister Suleiman Soelo, in response to the Turkish government's arrest and trial of US pastor Andrew Branson for terrorism and espionage, and Branson spent two years in prison. He was recently released.
The US president expressed his delight at the decision of the Government of Turkey to release the US priest, and considered the decision as a window for Ankara and Washington to reform the relations that have strained over the past period.
Turkey saw a strong demand on its return to the global bond market on Wednesday, with more than two billion dollars in international bonds, for three years for the high-yield issue seen as a test to restore investor confidence after the severe crisis in the Turkish lira. During the past months.
Today, the Turkish lira completes its upward trajectory, as the pair of the dollar against the Turkish lira penetrated the price of 5.53 down, as Turkish industrial production improved, according to the data of yesterday, and the prospect of lifting sanctions on Turkey by the United States of America.
The Turkish lira has fallen by about 35% since the beginning of this year, due to the constant fear and anxiety of Turkish President Recep Tayyip Erdogan's control of monetary policy, especially after his brother-in-law was appointed Minister of Finance, and demanded that the central bank of Turkey not raise interest rates, and stated during one of his speeches that interest is The first enemy of the Turkish economy, along with the political differences with the United States.
However, there are some signs of the recovery of the Turkish economy and the national currency, after a Turkish court decided last week to release the US pastor who was being tried on charges of terrorism and espionage.
The political and economic ties between the United States and Turkey have seen sharp differences and tensions over the past months, due to the case of US pastor Andrew Branson, who was the focus of the diplomatic crisis between the two countries.
The crisis caused the Turkish currency to collapse sharply, losing much of its value to the dollar, as the Turkish economy retreated and some 3,000 Turkish companies declared bankruptcy, increasing investors ' concerns about Turkey's economy. ... Show More
$USDTRY is looking for a reversal in trend it seems. 6 as a psychological barrier is giving big support for the price. If it manages to break below 5.91 (50 DMA), plus a confirmation bar next day, then we could assume a trend reversal. Till then, uptrend is intact.(Fundamentals are not favouring Lira either) ... Show More
$XRP this is fucking crazy!!! all the HOLDERS deserve this.. the last 9 months have been hard work!! ... Show More
