Trading Turkish Lira

In , the Turkish lira pegged its currency to the United States dollar for the first time. The exchange rate of lira to one USD was maintained until , when the .

It's likely that the fifth wave is going to move on in the short term. A crisis provoked by Trump as the US senatorial elections approach.

Is "Euro / Turkish Lira" Pair a Good Investment?

EUR TRY (Euro / Turkish Lira) The Euro vs. the Turkish Lira. Traders have been attracted to this pair because of its high volatility during pre-crisis conditions, however, due to monetary policy aimed to maintain price stability in the Euro-Zone volatility has declined.

I'm a big fan of Gann Square and here is another idea: If that line continues to hold, then we could see further acceleration of the rate, where the 7. If this won't be enough for the bulls, then we could see another attempt to try and hit the 8. Expecting next fib extension level to be tested. No confirmation on HTF yet. As we know, in EW, five waves indicate direction of a trend and EW also says that It's likely that the fifth wave is going to move on in the short term. All we do is set alarms and get notified when there is a buy or sell signal.

Meaning, you can actually automatize your trading process with Megalodon indicators! Become a Megalodon today! The Euro has been trading in an ascending channel against the Turkish Lira since the beginning of current week.

As apparent on the chart, the Euro has reached the upper boundary of this pattern. In addition, technical indicators are in favour of bullish scenario. These two factors allow to think that a breakout is due in the nearest future. I think we saw those moves often enough, last time on BTC.

Discover our extensive calendar of free educational webinars and test your trading skills, risk-free, with an IG demo account. A demo account is intended to familiarize you with the tools and features of our trading platforms and to facilitate the testing of trading strategies in a risk-free environment. Results achieved on the demo account are hypothetical and no representation is made that any account will or is likely to achieve actual profits or losses similar to those achieved in the demo account.

Conditions in the demo account cannot always reasonably reflect all of the market conditions that may affect pricing and execution in a live trading environment. E-Mail Please enter valid email. Phone Number Please fill out this field. Country Please Select Please select a country.

Yes No Please fill out this field. For more info on how we might use your data, see our privacy notice and access policy and privacy website. Or, read more articles on DailyFX. Your forecast is headed to your inbox. An error occurred submitting your form.