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Turlish Lira Still Struggling to Make Headway

The Turkish Lira is still struggling to make headway post US-election day. On that faithful day prices peaked at 3.6915 but ever since, the EUR/TRY has been unable to achieve much. We are currently quoted at 3.7042, barely above that post-election high.
On our second chart below we see that the pair has made very little change during December. We opened that month at 3.6445 and we are now at 3.7042, a move of only 1 percent. This underscores the range-bound nature of this pair during this year.
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Turkish Lira to Continue Stabilization

The month of November started out unusually busy for the EUR/TRY. This pair usually doesn't move much. But in the aftermath of the US election, we saw a spike all the way to the 3.6900 level. Over 20 days later and the pair still can't surpass the highs seen on November 10th. This shows that we're finally stabilizing.
But that's only reason number one why I'm betting on stabilization in the EUR/TRY. The second reason is shown on the hourly chart below. Notice how no clear momentum can be seen he…
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Elens94 avatar
Elens94 1 12月

Good work

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More of the Same for Singapore Dollar

I expect more of the same for the Singapore Dollar. Look at the daily chart below. Since the middle of March this year, USD/SGD has been trading range-bound.
The high of this congestion area has been at 1.3850 while the low is at 1.3350. We're still stuck inside this range.
Things are not looking better on the longer-term charts either. Since the start of 2015 the pair has been undecided as can be seen on the monthly chart above. While here prices oscillated beyond the bounds of the daily range,…
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EUR/TRY Returns to 'Fair Value'

The EUR/TRY returns to what appears to be fair value at the moment, around 3.2000. A rally in the pair during late April/ early May has now been completely retraced. The pair traded from a high of 3.4236 to a low of 3.1836 today.
I think the losses will stop here. Let's take a look at a long-term chart to see why. On the weekly chart below we notice that the EUR/TRY is still (kind of) inside that large congestion wedge area. This is also why prices had such a sharp reversal when they hit the top…
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Some Stabilization for Singapore Dollar

We're seeing some stabilization for the Singapore Dollar. While the pair is down 305 pips in June, we're now quoted at 1.3466, only 24 pips away from May's opening price. Going further back we can see that we opened April at 1.3480, again close to where we are currently trading.
I'm counting on this range persisting during July. For one, summer is a low volatility period in currencies. And two, even on lower time-frame charts (see below) there is no clear momentum. So betting on more of the same…
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