Dollar A.S. / Lira TurkiPenjualan
USDTRY - PLEASE SELL ONLY ON BOUNCE
It was a bloodbath day yesterday. Reaching high 13.08 and then a low 11.2800.
The overall view still the same, we will continue to gravitate lower, but with violent up and downs.
I expect some correction to 12.3500, however, sell between 11.80 - 12.35 for the move towards 10.05.
The weekly RSI near 90.0 and the daily has come off a bit, but still not enough to neutralize the indicator. I feel we may even see 9.0000 medium-term as a possibility.
just be careful and sell in small increments. Do lift some positions at around 11.25 for re-selling purposes and to improve averages.
The overall view still the same, we will continue to gravitate lower, but with violent up and downs.
I expect some correction to 12.3500, however, sell between 11.80 - 12.35 for the move towards 10.05.
The weekly RSI near 90.0 and the daily has come off a bit, but still not enough to neutralize the indicator. I feel we may even see 9.0000 medium-term as a possibility.
just be careful and sell in small increments. Do lift some positions at around 11.25 for re-selling purposes and to improve averages.
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