Tuesday, January 24, 2017

24 1 2017 USD Position increased

The USD/TRY market is getting close to the support at the 5h MA 50 2 stand deviation lower bollinger band (purple line). This is also the low of the previous sell off and has not been violated since the uptrend from 2,9 has begun.
The target to enter long was 3,65-3,70 range but with the recent chart development, current level looks accepable to enter long with a partial exit target around 3,88 -3,90.


EUR is also weak recently.
IMKB 30 is close to the weekly upper band resistance.

Gold is also showing signs of consolidation.

The USD position is increase by closing one of the theoretical monthly interest accounts.(account #2)

Overall current distribution is below:

No comments:

Post a Comment