Fx-Noobie

USDTRY -> SHORT October 11 and onwards - Weekly

Short
FX:USDTRY   Dollar Américain / Nouvelle Livre Turque

When the volatility is over, those who had a real need bought-sold at 7,85.

* If the Armenia-Azerbaijan tension releases a bit, we may see further fall.
* DXY is weak.
* Although it is on October 22, TCMB proved that they could increase the interest rates so this may fuel the fall.
* Turkey announced that the gas find in the Black Sea was more than expected.
* Even the presidential elections in the TRNC may contribute to the positive outlook for TRY.

I see 7,78 and 7,70 further resistance points.

But the general trend is of course upwards, this is a temporary position. USDTRY long is always a good investment.
Clause de non-responsabilité

Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.