How are you deciphering this?

USD/TRY

Read that the hostages from Turkey will supposedly be released. This may help the Lira today. The trouble still remains that Iraq is one of Turkey's largest export locations. With Iraq being thrown into war, this will make a dent in Turkey's current ...

USD/TRY

Currently eyeing the bull flag on the hourly. As we don't have much more developments on the Iraq situation, the market may stall where it's at. If the situation is stoked further we could see more upside. The city in Mosul is so close to the border ...

USD/TRY

If we are taking off to the upside the bus is loaded. Stop below last hours low. We'll see. I'm hitting the midwestern hay.

USD/TRY

Alright guys. The next few weeks could get extremely interesting. The situation in Iraq is really escalating, I think as things continue to heat up there we'll see a massive flight from risk. The situation has now come to the point of Iraq being ...

USD/TRY

We are in a range bound market..I can't say I'd be surprised to see more choppiness. I think the 2.10 level might hold this for now as we get ever closer to our next rate meeting. We'll see what late Asia and London bring. Good luck. What are the ...

USD/TRY

Yes, the spread is volatile. However, oftentimes the spread is high at the moment when a good entry is available. If you are looking to become a buyer, I'd recommend watching an Ask chart. Oanda makes this easy. Once you've become a buyer, switch to ...

USD/TRY

Yes, Sir. I'm watching patiently. We have a double bottom on the hourly and price is working on breaking out of a wedge. Really we are stuck in range right now. The market is lacking conviction on direction. There is a lot of uncertainty. We need to ...

USD/TRY

Looks like a gorgeous place! We are all jealous. Even with the dirty work. I'm just hoping we continue onward and more importantly, upward. The New York dudes may want to blow right through that lower channel line--just for the hell of it too. Maybe ...

USD/TRY

Thank you for catching this. I usually track everything in Central Standard Time here in the US and quickly made the time conversions to the charts I posted today. I got it fixed. In what part of the world do you find yourself today, Islander? I'm ...

USD/TRY

Haha!Yeah thats my boat Islander. I'd have posted a picture myself but my camera was jammed up with saltwater. Beautiful view you have otherwise. I'm cautiously watching the current bear flag we are eyeing on the hourly. The market may very well ...

USD/TRY

Just a quick post here. I'm still convinced USDTRY will turn up, but damn the timing. The long down bar we saw Friday, in my opinion was a stop cascade/shakeout. I am curious to see what the market will do Monday. If this is true demand for the Lira ...

USD/TRY

I've really cut back my long position. This is a waiting game for me now. The market seems sure that Basci will continue on with high rates. We'll see.

USD/TRY

I'm on the fence at this point in time. I am long, I hate to keep repeating myself about the fundamentals. There are a lot of places in the world (safer places) to send cash where one can get a decent return. The problem with Turkey is they really ...

USD/TRY

The speech we got today out of the FED didn't necessarily help the trade but it didn't hurt it either. USDTRY has made it down to the main daily TL, I've stopped adding to my longs at 2.0980. This has been so choppy lately it's difficult to know ...

USD/TRY

Ah, one of those days. Europe surprised investors across the board. This move will cause money to flee Europe, but Turkey doesn't want the hot money. This radically increases the probability of a drastic cut from Basci this month along with the all ...

USD/TRY

I'm long also. I'm scaling in today as the market has been choppy recently. I'm hoping for a touch of 2.11 or below turned pin bar. Hopefully we will touch 2.13 today. US news could be helpful or harmful, if it pulls this back it will only open up ...

USD/TRY

Not too bad of a day. I think we'll see a pull back to 2.1075, look for bear flags to form on the hourly. I will look to get long from there. There will be a fella from the FED speaking on interest rates on the 5th here in the US. This could make ...

USD/TRY

Can't go to bed quite yet..Looks like they may take this back down today. Why do I get the sense this will be back at 2.11 when I awaken from my slumber? Okay, crawling into cave now an shutting door so bears don't eat me.

USD/TRY

Just to qualify what I said about no pin bar in regards to a bearish tone. We'd need to see strong selling with no pin bar, not just the absence of a pin bar. So far we are bulls but this hour can be a surprise. TWT.

USD/TRY