We are not as yet seeing very strong upside move. The support 13.98 is there, and same time we have seen it stalling 14.50-14.75 area as well.
The technical pictures for short-term neutral, but fundamentally the current situation may spill over into TRY and causing weakness. Some followers misunderstand my analysis. I like to clarify it a bit more now.
The LOG-TERM chart is extremely overbought, and this suggest strongly we will see 10.50-9.00. However, as noted in many days and weeks, I feel we may see higher levels short-term for the stated reasons. it is possible to see 15.25 - 16.50 again, and that is the time we SELL long-term and/or add. The core long-term is already short 13.50 upwards and earning positive carry along the way.
The technical pictures for short-term neutral, but fundamentally the current situation may spill over into TRY and causing weakness. Some followers misunderstand my analysis. I like to clarify it a bit more now.
The LOG-TERM chart is extremely overbought, and this suggest strongly we will see 10.50-9.00. However, as noted in many days and weeks, I feel we may see higher levels short-term for the stated reasons. it is possible to see 15.25 - 16.50 again, and that is the time we SELL long-term and/or add. The core long-term is already short 13.50 upwards and earning positive carry along the way.
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.
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.