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Market Overview
The SANTOS/TRY pair closed at 57.57 TRY, down 0.35% from the previous close, continuing a downtrend evident over the past 30 days with a period return of -1.22%. The price remains below the 20-day SMA of 58.48, 50-day SMA near 58.16, and 200-day SMA, confirming bearish momentum. The RSI indicates weakening buying pressure, while support is identified at 57.10 TRY and resistance near 60.80 TRY. No significant upcoming events are currently expected to alter this trend. Technical indicators suggest continued pressure near support levels, consistent with the prevailing downtrend. For information only.
Last Updated 10/30/25

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.