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TRY: questionable grounds
TRY: questionable grounds

The Turkish Central Bank is on a rate-cutting path; on February 19 it will make another announcement. What's the logic behind?

USD/TRY: levels to trade
USD/TRY: levels to trade

USD/TRY has broken above the descending wedge. It is currently testing levels above the 50-day MA at 5.7372.

Trading Psychology in Action
Trading Psychology in Action

We bet you want to be safe and protected from the world troubles. You would preferably curl up in a cozy armchair of a family house and have somebody by our side telling: ‘You are doing great! You will succeed. You are strong and capable. The whole universe knows it and is ready to welcome your special self.’

Can Turkish lira regain support?
Can Turkish lira regain support?

This week, the Turkish lira has experienced a selloff, and USD/TRY jumped to the highest levels since the end of August in the 5.88 area.

 USD/TRY: there may be a correction
USD/TRY: there may be a correction

USD/TRY ran into the resistance of 5.83. Traders are taking profit and readjusting positions after a very big advance that happened on Monday.

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Don’t waste your time – keep track of how NFP affects the US dollar and profit!

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