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Market Overview
ENJ/TRY closed at 1.324 TRY, reflecting a marginal increase of 0.08% from the previous close, yet the pair remains in a downtrend as indicated by the SMA5 at 1.325 being below the SMA20 at 1.331. Over the past 30 days, the price range has been between 1.317 and 1.364 TRY, with a modest 0.30% gain. The near-term forecast suggests continued downward pressure unless key support at 1.32 is breached or resistance near 1.33 is overcome. Technical indicators show the 20/50/200-DMA at 1.331/–/–, RSI is neutral, with support at 1.32 and resistance at 1.33. No significant upcoming events are currently expected to alter price action. For information only.
Last Updated 1/16/26

Sam Bourgi is an analyst, writer and financial market commentator featured in and cited by U.S. Congress, Department of Justice, Chicago Board Options Exchange, Barron's and Forbes. He covers stocks, bonds, mutual funds, ETFs, forex, Bitcoin, cryptocurrency, real estate and macroeconomics. He has written over 25,000 articles and over 40 whitepapers and e-books.