SUMMMARY: Short, looks like a failed breakout and trend is for further depreciation.
-- Technical --
Price is hitting against the 50 EMA is probably fall further.
Stock RSI is slight overbought
Please HIT the --->>> "LIKE" and "FOLLOW" button. <<<----
*Not financial advice and is for educational purposes only. Always DYOR.
SO: What do you think, i? Let me know below.
-- Technical --
Price is hitting against the 50 EMA is probably fall further.
Stock RSI is slight overbought
Please HIT the --->>> "LIKE" and "FOLLOW" button. <<<----
*Not financial advice and is for educational purposes only. Always DYOR.
SO: What do you think, i? Let me know below.
Note
There is a floor at $0.12, suggest the Central Bank is intervening in FX markets to prop up the FX rate.If FX rates falls over than $0.12, it may become impossible for Turkey MNC and large domestic firms to service their international eurodollar debts.
Related publications
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.
Related publications
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.