USDTRY remains defying gravity.
No change of my medium-term view, and as you can see the channel resistance and support levels are the boundaries.
The fast weakening of the TRY no doubt will improve the export base, and therefore natural TY inflows, i.e. the buying of TRY.
Medium-term we will see 12.00- 10.35 to correct the rocket upward move. The timing, who knows, but gravity will set in.
Play it safe and add very careful shorts to USDTRY.
No change of my medium-term view, and as you can see the channel resistance and support levels are the boundaries.
The fast weakening of the TRY no doubt will improve the export base, and therefore natural TY inflows, i.e. the buying of TRY.
Medium-term we will see 12.00- 10.35 to correct the rocket upward move. The timing, who knows, but gravity will set in.
Play it safe and add very careful shorts to USDTRY.
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Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.