Foreks.com to Apply 'Upward Step Rule' Until Session Close for Short Selling Transactions

Foreks.com's short selling rule change will not directly affect the stock price of a technology company like GOOGL. Technical indicators show the price is below the 20- and 50-day moving averages, the RSI is around 45, and the MACD is negative, which could create mild bearish pressure in the short term. However, as the sectoral impact of the news is limited, the market reaction is likely to remain neutral. Developments should be closely monitored, and direction may change if additional news emerges. Meanwhile, the price is expected to revert to average levels within 3–4 days.

The USDTRY pair traded flat at the last close of 46.99739, with the RSI at 50.5, indicating a neutral zone. The MACD remains below the signal line, while short- and medium-term moving averages (SMA20 and SMA50) are trading close to each other. The news headline states that the uptick rule will be applied to short-selling transactions; although this is generally perceived as a market-stabilizing regulation, its direct impact on USDTRY may be limited. As technical indicators do not provide a clear directional signal, a sideways band movement can be expected in the short term.

The EURTRY pair is trading flat at 53.70776 in the latest session. The RSI stands at 48.08, indicating a neutral zone, while the MACD line remains slightly above the signal line. The 20-day and 50-day moving averages are very close to each other, confirming directional uncertainty. As the news headline involves a regulation targeting the Turkish stock market, no direct impact on EURTRY is expected. In the absence of a clear short-term signal, the directional outlook is assessed as neutral.

The GBPTRY pair has experienced a very limited decline of 0.02% in the last 24 hours, trading at 62.99. The RSI stands at 45, indicating a neutral zone with no overbought or oversold signals. The MACD line is just below the signal line and near zero, offering no clear directional clue. The price is balanced just above the 20-day and 50-day simple moving averages (62.92 and 62.95, respectively). Since the news headline involves a regulation targeting the Turkish stock market, it is not expected to have a direct and significant impact on the forex pair; therefore, a sideways movement is anticipated in the short term.