DannyBly
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The Turkish Lira (TRY), offers the highest interest rate in the industrial world (16.25%) while borrowing the USD will only cost you 2.00%. Selling USD/TRY will yield you the hefty interest rate differential of 14.25%. And that's without using any leverage.
Technically we are starting to have a decent case for selling USD/TRY. On the daily chart, the 50 and 200 period moving averages look poised to cross over, we have a bearish MACD crossover, and the uptrendline marked in green on the chart has been violated and should provide some resistance to the upside.
Technically we are starting to have a decent case for selling USD/TRY. On the daily chart, the 50 and 200 period moving averages look poised to cross over, we have a bearish MACD crossover, and the uptrendline marked in green on the chart has been violated and should provide some resistance to the upside.
![lirawednesday.jpg](/proxy.php?image=http%3A%2F%2Fwww.traderslog.com%2Fstatic%2Fimages%2Fuploads%2Flirawednesday.jpg&hash=ad916f7e96156536ce7c710bdfe082d8)
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