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USDTRY 1:4 Risk Reward SHORT (Fundamentals)

Short
U.S. Dollar / Turkish Lira (FX:USDTRY)  
Eren_Jaeger_Trader Updated   
FX:USDTRY   U.S. Dollar / Turkish Lira
Support and Resistance Supply and Demand Fundamental Analysis USDTRY USD TRY usdtryshort trylong erdogan fundamental-analysis
10
18
supportandresistance supplyanddemand fundamental usdtry usd try usdtryshort trylong erdogan fundamental-analysis
If you get involved in provocative acts, saying ‘foreign currencies will strengthen, this will happen, that will happen’, you will pay a very heavy price - Erdogan

TRY
Fundamental Quant Score +60

USD
Fundamental Quant Score -4


  • Investors seek reforms, fear populism
  • Lira initially weakened 2.5 percent
  • Shares rise 1 percent (Updates lira, adds London swap rates, dollar bonds)
Comment:
Made a typo mistake on the chart "AUD +21 is meant to say (TRY: +60 STRONG)"
Comment:
Some positive USD news suggesting bullish employment numbers in the US, this could have a long impact on USD in the short term. However, as the FOMC announced earlier in the month they have no intentions of interest rate hikes which caused a huge drop in USD value as investor money fled the country.

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