Most Possible Scenario for the short-medium term
We are out of Bollinger bands , the USD/TRY overperformance might be over for some time.
Probably a short to medium term top. USD needs to consolidate before continue the bull run.
In the mean time, BIST 100 , while USD is resting will try to push for 100.000 level as a first step. Turkish manipulators will use that consolidation period to push the prices up by using the same reason why it was sold off. Cheaper TRY attracting new investors to BIST. Use the wave but never believe their bullshit
We are out of Bollinger bands , the USD/TRY overperformance might be over for some time.
Probably a short to medium term top. USD needs to consolidate before continue the bull run.
In the mean time, BIST 100 , while USD is resting will try to push for 100.000 level as a first step. Turkish manipulators will use that consolidation period to push the prices up by using the same reason why it was sold off. Cheaper TRY attracting new investors to BIST. Use the wave but never believe their bullshit
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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.