Bankers: Central Bank Sold $5 Billion on Wednesday
📊 USDTRY — Piyasa Yorumu
▼ down · 55%The Central Bank of the Republic of Turkey's (CBRT) $5 billion foreign exchange sale could create downward pressure on USDTRY in the short term. However, the price moving sideways at 48.78 and the RSI remaining neutral around 60 suggest the impact of the sale may be limited. The MACD is in positive territory and slightly above its signal line, indicating that weak upward momentum continues. The SMA20 and SMA50 being just below the price could provide support around 48.70. A slight downward movement may be expected in the short term due to the news, but the central bank's market intervention may not create a lasting downtrend.
📊 EURTRY — Piyasa Yorumu
▼ down · 55%The Central Bank of the Republic of Turkey's (CBRT) $5 billion foreign exchange sale, as an intervention to support the Turkish lira, could create short-term downward pressure on EURTRY. However, technical indicators are mixed: RSI at 46.9 is neutral, MACD is below the signal line, and the price is trading very close to the SMA20 and SMA50. Although the slight decline in the last 24 hours and the central bank's aggressive selling support the downward trend, the market reaction may remain limited. The impact of FX sales is typically short-lived, and market participants may await further steps. Therefore, I anticipate a downward but low-confidence effect for 1-3 days.
📊 GBPTRY — Piyasa Yorumu
▼ down · 55%The Central Bank of the Republic of Turkey's (CBRT) $5 billion foreign exchange sale, as an intervention to support the Turkish lira, could create short-term downward pressure on GBPTRY. However, technical indicators are giving mixed signals: RSI at 47.6 is in neutral territory, MACD is slightly above its signal line, and the price is squeezed between the SMA20 and SMA50. With the 24-hour change only -0.08%, the market is currently reacting in a limited manner. The impact of the FX sale may remain limited as it could have been priced in ahead of the news. Nevertheless, the appreciation trend in the lira could pull GBPTRY lower; the 65.00 level should be watched as critical support.