TL appreciated against foreign currencies significantly.
USD/TL is around 200 day Moving average support.
Monthly Interest Account is reduced by 14.000 TL and allocated as below:
* 6.000 TL to GOLD/TL
* 5.000 TL to USD/TL
* 3.000 TL to EUR/TL.
Below are the weekly charts:
First target for the USD/ TL is around 5.8-5,85.
First target for the EUR/ TL is around 6,7-6,75.
Position will be opened around 105.000-110.000 in BIST 30.
First target for theGAU/TRY is around 240-245.
To summarize; Fund return is better than Interest Return and BIST30 return, close to USD/TRY, EUR/TRY and lower than GOLD/TRY return since inception.
Below is the summary:
