Hello traders,
The TRY has dropped over -3,5% against some majors, over 1800 pips in less than 2 hours, since Turkey´s central bank has hold the interest rate level at 17,75% unexpectedly.
After the huge spike of the USDTRY, now it is pulling back after being unable to break the 4,98 level for the third time.
Even though the USD is experiencing a huge spike thanks to the positive fundamentals, the USDTRY remains bearish below 4,98 due to:
- RSI divergence.
- 4,98 resistance level.
Enjoy your trading!
Check my previous forecasts:
JPM
Brent
EURUSD
The TRY has dropped over -3,5% against some majors, over 1800 pips in less than 2 hours, since Turkey´s central bank has hold the interest rate level at 17,75% unexpectedly.
After the huge spike of the USDTRY, now it is pulling back after being unable to break the 4,98 level for the third time.
Even though the USD is experiencing a huge spike thanks to the positive fundamentals, the USDTRY remains bearish below 4,98 due to:
- RSI divergence.
- 4,98 resistance level.
Enjoy your trading!
Check my previous forecasts:
JPM
Brent
EURUSD
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.