Monday, March 26, 2018

26/3/2018 Update USD Position Reduced

Despite significant global stress in Financial Markets, BIST 30 is hanging strong close to the highs.

USD/TL is testing all time highs. Therefore the position is reduced by 25.000 TL and transferred to Monthly Interest account 2. The trend looks up for the coming months. The question is the speed of the move. Next target to take profit will be 4,25-4,35 range depending on the move.
EUR/TL is also on the highs. Keeping the position for now. As long as EUR/USD uptrend continues,
will keep EURs. EUR will be closed if EUR/USD trades around 1,35 and the market is trading close to the weekly upper bollinger band.

Gold/TL is on the highs as well. Keeping the position for the longer term.
Finally BIST 30 is close to highs. Long position will be considered around 125.000 level.
Overall Summary is below. Fund is overperforming compared to USD , EUR and Interest however GOLD and BIST30 is still overperforming compared to the fund.