FX:USDTRY   U.S. Dollar/Turkish New Lira
last chart and last battle...
Trade active: Every intraday chart has rsi divengence maybe 5. wave over. ! No sell signal or no sell on the chart.. This is a guess. Eu has declared to stop negotiations. So anything more negative ? No way...
Comment: 3,45 i am trying again...
Looks like it back tested the lower trend line of the broken channel and made a new high. Hard to see where it might stop its run up.
Tomorrow 2 oclock tcmb will stop this sh..
MuratUrsavas aLtinCoCuK
@aLtinCoCuK, Hardly. The political decisions leads me to no-hike. They'll try to fire other weak weapons and I guess they'll have temporary effects on the currency. They are aiming to lower interest rates to release inflation (therefore growth rate) and will not touch to USDTRY (They'll pretend that they want to stop, but actually they are not).

Please check the 2015 beginning trend which was induced by RTE. Very similar to recent activities. Of course no rally will last forever, USDTRY will calm down eventually, but not because of our domestic strategies.

Of course these are my humble opinions :)
aLtinCoCuK MuratUrsavas
@MuratUrsavas, 2.40 tcmb made rite hike. now 3.42 unbelievable... if you hike rates 2.40 then you must at 3.42. this is madness.
MuratUrsavas aLtinCoCuK
@aLtinCoCuK, Probably they mentioned the things I've said previously. So the hiked the rate just to blow some steam off. Market got this idea and used the hike as a buy chance. Crazy? Yes... RSI needle will going to crack.
Do you think TCMB will raise the interests ?
gencdahi methods.ofmayhem
it started to free fall
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