Latest quote 5.712 for the US Dollar - Turkish Lira currency exchange rate, the sell target is 4.00. The duration is 1-5 years. Appropriate leverage is 1.5X equity, consider closing a loss if ranges 7.0-10.0 (appears unlikely). Overnight interest rate is positive 29% (dividend day-by-day through the year) according to Dukascopy which is a Swiss bank which renders it 43% (dividend day-by-day through the year) with 1.5X leverage.
Trade closed manually
My bullish sentiments partially faded now that this position is at profit; but mostly because I prefer ZAR and RUB these days.Close quote 5.62 for a 1.6% difference and around 40 days of positive overnight interest.
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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.