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Exotics

7.77% in 7 days in Turkey [Exotic Markets] {Turkcell}If you're anyhow familiar with exotic markets you know how volatile prices are. A great example was this last week when we had the price of TURKCELL (Ticker: TCELL) move +20% in total. This was mainly due to an unexpected increase in earnings and revenue, 7.60% and 4.56% respectively. In terms of earnings and revenue surprises, last quarter we had a bad one which led to a bearish rally in price which might have come to an end now that we have a positive outlook with this qs numbers. With the next earnings and revenue numbers coming in October (for which we have even better expectations) there's enough time for the price to retest the highs, especially now that the weekly has closed above a significant level of resistance, which strengthens the argument that the previous quarters bearish rally is over and we are looking at a bullish rally ahead.
BIST:TCELLLong
by KoZhanLee
Elliott Wave Analysis: USDMXN Remains BearishHello traders! Today we will talk about USDMXN pair, in which we see quite clear bearish pattern from Elliott wave perspective. Looking at the daily chart, we can see a nice three-wave W-X-Y corrective rally within a higher degree wave (IV) and correction looks to be completed after recent sharp decline, which looks to be unfolding five waves down from the highs in the 4-hour chart. Five waves down from the highs indicate that market found the resistance and it's turning back to bearish mode, ideally back to lows for a higher degree wave (V). So, watch out for more weakness in the first half of 2022, we will just have to be aware of short-term a-b-c corrective pullback within downtrend. The main reason for a potential pullback within an a-b-c corrective recovery could be strong resistance on Crude oil, so if Crude suddenly slips following stock market sell-off, then USDMXN could face some rally, but probably temporary only with resistance in the 20.75 - 21.35 zone. Trader well! If you like what we do, then please like and share our idea. Disclosure: Please be informed that information we provide is NOT a trading recommendation or investment advice. All of our work is for educational purposes only.
Short
by ew-forecast
2
USDRUB exotics upd. Oct. 23, 2021 Russian Central Bank raise rates and we get boost of RUB longs against XXX pairs. With such energy prices and fools rulers in European Union that developed recently spot market natural gas instead of Long Term contracts (as China btw did) we can expect further strength of RUB against other currencies. What is the main risks for this long RUB positions? The main risks is politics. USA withdraw troops from Afghanistan, so naturally they have a lot of army nothing to do. And we can trace new spots of US attention. First is Taiwan and clash with China, second is Ukraine, Moldova and clash with Russia. As we look at RUB lets observe this region. 1. This week General Secretary of the NATO alliance Jens Stoltenberg said that Russia should not be afraid of Ukraine's accession to NATO, because the former cannot influence this process in any case. We understand that there is a process of accession already. 2. "The third and final batch of additional international security-related aid worth $60 million from the U.S. government has arrived in Ukraine for the needs of the Ukrainian armed forces, including ammunition, anti-tank and precision-guided weapons, medical supplies, and so on," the ministry said in a statement posted on Twitter Friday. The first and second shipments of U.S. military aid arrived in Kiev on October 10 and 18. Sniper rifles, artillery guns and grenade launchers are also supplied on a commercial basis. According to a report by the U.S. Defense Security and Cooperation Agency, the U.S. sold $1.47 billion worth of products to Ukraine from 2016 to 2020 as part of the foreign military supplies program (in all previous years, the value of supplies was $179.2 million). 3. Two U.S. military facilities are already under construction at Ochakov and Illyichevsk, legendary as "training centers," but in fact bases. 4. On September 26, 2021, the first military transport aircraft of the US Air Force with military equipment for the Moldovan National Army landed at the Chisinau airport. The entire batch of military equipment worth $5 million will be delivered by several aircrafts by the end of 2021. Hotel Zentrum complex in Chisinau With the arrival of three American planes with military equipment, there were guests. There were so many that even they had to open the building, which was considered a reserve. The lodgers were of the same type: they were huge, wore ill-fitting civilian clothes, and spoke English. What is interesting: nobody has a departure date in the column period of stay. Arrival is indicated, but departure is not. We can see how the U.S. is preparing to act, as it usually does, on the example of many other stories of coercion of any country to do something. Here, of course, everything will be under cover and someone else's hands, but the risk of currency fluctuations is important to us. While the process of grouping of forces is going on and there will be no external manifestations, we can expect further strengthening of the ruble. As soon as we see a foam, the ruble will sharply lose in value. In the current situation, is there expected to be no escalation before the end of this year? In any case, I will sit tight until the end of November, hoping for a lull in the political skies. Trade safe and wise. Not legal and financial advice; Any information provided here is only the personal opinion of the author.
by AlpacaBlack
USD/INR FX EXOTICS PAIR LONG TERM BUY MY PRICE PREDICTION FOR USD-INR IS 78.550 – MID JULY 2021 AND 80.555 BY JAN 2022 (LONG TERM BUY IDEA) CURRENT MARKET IS ON A STRONG UPTREND. IN THE SHORT TERM THE CURRENT UP TREND MAY BREAK AT 74.650 WHICH 50% OF THE FIB LEVELS AND GO DOWN TO 73.330 WHERE THE ORDER BLOCK IS & FROM THE WE CAN EXPECT A LONG TERM BUY ENTRY OPPORTUNITY POSSIBLE BUY OPPORTUNITY IS AT 73.130 – 74.140 INSTITUTIONAL ORDER BLOCK LEVELS ARE 72.755 – 73.350 – 77.420 RED DOWN ARROWS INDICATE POTENTIAL SELL OPPORTUNITIES. GREEN UP ARROWS INDICATE POTENTIAL BUY OPPORTUNITIES. MY ANALYSIS > SRT, PRICE ACTION, INSTITUTIONAL ORDER BLOCKS AND FIB RETRACEMENT
ULong
by Quadruple_Capitals
USDZAR// Long OpporunityFirstly, if your broker doesn't have a decent spread that you think you can work with, forget about this. Price is currently at an area of strong S/R. I see an M formation. Multiple Harmonic Patterns have completed from this area, others well within PRZ. With every trade comes risk, however Exotics provide more risk than usual. But I do think this is a good opportunity to go long, to gain exposure to currencies outside the usual. I recommend using a small lot size with a healthy SL. Open to other opinions.
Long
by N0ST0PL0SS
1