{"id":30775,"date":"2026-03-20T02:07:10","date_gmt":"2026-03-20T02:07:10","guid":{"rendered":"https:\/\/www.vtmarkets.com\/tr\/uncategorized\/usd-chf-kuzey-amerika-seansinda-dolarin-gerilemesiyle-zayifliyor-snb-mudahalesine-ragmen-07900e-yaklasiyor\/"},"modified":"2026-03-20T02:07:10","modified_gmt":"2026-03-20T02:07:10","slug":"usd-chf-kuzey-amerika-seansinda-dolarin-gerilemesiyle-zayifliyor-snb-mudahalesine-ragmen-07900e-yaklasiyor","status":"publish","type":"post","link":"https:\/\/www.vtmarkets.com\/tr-mena\/live-updates\/usd-chf-kuzey-amerika-seansinda-dolarin-gerilemesiyle-zayifliyor-snb-mudahalesine-ragmen-07900e-yaklasiyor\/","title":{"rendered":"USD\/CHF Kuzey Amerika seans\u0131nda dolar\u0131n gerilemesiyle zay\u0131fl\u0131yor; SNB m\u00fcdahalesine ra\u011fmen 0,7900\u2019e yakla\u015f\u0131yor"},"content":{"rendered":"USD\/CHF, Per\u015fembe g\u00fcn\u00fc Kuzey Amerika seans\u0131nda %0,31 d\u00fc\u015ferek 0,7906\u2019ya indi. Bu geri \u00e7ekilme, \u0130svi\u00e7re Merkez Bankas\u0131\u2019n\u0131n (SNB) \u0130svi\u00e7re frang\u0131n\u0131 zay\u0131flatmaya y\u00f6nelik s\u00f6zl\u00fc y\u00f6nlendirmesine ra\u011fmen geldi. ABD dolar\u0131ndaki genel zay\u0131fl\u0131k parite \u00fczerinde bask\u0131 yaratt\u0131.\n\n\u00c7ar\u015famba g\u00fcn\u00fc 0,7830 civar\u0131nda al\u0131c\u0131lar devreye girdi ve pariteyi yukar\u0131 ta\u015f\u0131d\u0131. Per\u015fembe g\u00fcn\u00fc 0,7957 ile sekiz haftan\u0131n zirvesi g\u00f6r\u00fcld\u00fc; 0,7951\u2019deki 200 g\u00fcnl\u00fck basit hareketli ortalaman\u0131n (SMA: fiyatlar\u0131n belirli g\u00fcn say\u0131s\u0131ndaki ortalamas\u0131) k\u0131sa s\u00fcreli\u011fine \u00fczerine \u00e7\u0131k\u0131ld\u0131.\n\n

Kritik Teknik D\u00f6n\u00fcm Seviyeleri<\/h3>\nBu seviyenin \u00fczerinde kal\u0131c\u0131l\u0131k sa\u011flanamay\u0131nca USD\/CHF 0,7900\u2019a do\u011fru geri \u00e7ekildi. G\u00f6receli G\u00fc\u00e7 Endeksi (RSI: fiyat\u0131n \u201ca\u015f\u0131r\u0131 al\u0131m\/a\u015f\u0131r\u0131 sat\u0131m\u201d e\u011filimini \u00f6l\u00e7en momentum g\u00f6stergesi), al\u0131c\u0131lar pariteyi yeniden 0,7950\u2019nin \u00fczerine ta\u015f\u0131rsa y\u00fckseli\u015f ivmesinin geri d\u00f6nebilece\u011fine i\u015faret ediyor.\n\nParite 0,7897\u2019deki 100 g\u00fcnl\u00fck SMA\u2019n\u0131n alt\u0131na sarkarsa 0,7800\u2019deki 50 g\u00fcnl\u00fck SMA\u2019y\u0131 test edebilir. Daha a\u015fa\u011f\u0131da ise 6 Mart\u2019taki 0,7760 dip seviyesi g\u00fcndeme gelir.\n\n2025\u2019in ayn\u0131 d\u00f6nemine bak\u0131ld\u0131\u011f\u0131nda, SNB\u2019nin kur \u00fczerinden zay\u0131flatma \u00e7abas\u0131na ra\u011fmen USD\/CHF\u2019nin 200 g\u00fcnl\u00fck ortalama civar\u0131nda zorland\u0131\u011f\u0131 g\u00f6r\u00fclm\u00fc\u015ft\u00fc. Piyasa 0,7900 seviyesi etraf\u0131nda kal\u0131c\u0131l\u0131\u011f\u0131 test ediyor, fiyat\u0131n dar aral\u0131kta gidip gelmesi (konsolidasyon: belirgin y\u00f6n olu\u015fmadan yatay seyir) dolar\u0131n franka kar\u015f\u0131 g\u00fcc\u00fc konusunda belirsizli\u011fi art\u0131r\u0131yordu.\n\nSNB\u2019nin s\u00f6zl\u00fc y\u00f6nlendirmesi, somut ad\u0131m\u0131n habercisi oldu ve banka 21 Mart 2025\u2019te s\u00fcrpriz \u015fekilde faizi 25 baz puan indirdi (baz puan: y\u00fczde puan\u0131n y\u00fczde biri; 25 baz puan = %0,25). Bu, o d\u00f6nemde gev\u015femeye giden ilk b\u00fcy\u00fck merkez bankas\u0131 ad\u0131m\u0131yd\u0131. Gerek\u00e7e, \u0130svi\u00e7re\u2019de enflasyonun \u015eubat 2025\u2019te %1,2\u2019ye gerilemesiydi. Bu karar, teknik s\u0131k\u0131\u015fmay\u0131 bozan ana tetikleyici oldu.\n\n

Politika Kaynakl\u0131 Oynakl\u0131\u011fa Haz\u0131rl\u0131k<\/h3>\nFaiz indirimi sonras\u0131 parite 0,7957 direncini net bi\u00e7imde a\u015ft\u0131 ve birka\u00e7 hafta geri d\u00f6nmedi. A\u00e7\u0131k \u015fekilde fiyatlanan oynakl\u0131k (implied volatility: opsiyon fiyatlar\u0131n\u0131n i\u015faret etti\u011fi beklenen dalgalanma) USD\/CHF opsiyonlar\u0131nda a\u00e7\u0131klamay\u0131 izleyen g\u00fcnlerde %30\u2019un \u00fczerinde y\u00fckseldi. Bu k\u0131r\u0131lmaya, uzun vadeli al\u0131m hakk\u0131 veren opsiyonlarla (long call: belirlenen fiyattan alma hakk\u0131) haz\u0131rlanan yat\u0131r\u0131mc\u0131lar belirgin kazan\u00e7 g\u00f6rd\u00fc.\n\nBug\u00fcn de benzer bir tablo olu\u015fup olu\u015fmad\u0131\u011f\u0131 takip edilmeli; ana s\u00fcr\u00fckleyici unsur merkez bankas\u0131 politikalar\u0131ndaki ayr\u0131\u015fma (policy divergence: \u00fclkelerin faiz\/para politikas\u0131n\u0131n farkl\u0131 y\u00f6nlerde ilerlemesi) olabilir. Mevcut sakin seyir dikkate al\u0131nd\u0131\u011f\u0131nda, piyasadaki fiyattan daha yukar\u0131 seviyelerde alma hakk\u0131 veren al\u0131m opsiyonlar\u0131 (out-of-the-money call: kullan\u0131m fiyat\u0131 mevcut fiyat\u0131n \u00fczerinde olan call) olas\u0131 sert y\u00fckseli\u015fe d\u00fc\u015f\u00fck maliyetle pozisyon alma imk\u00e2n\u0131 sunar. Bu yakla\u015f\u0131mda zarar, opsiyon i\u00e7in \u00f6denen primle (premium: opsiyonun bedeli) s\u0131n\u0131rl\u0131d\u0131r.\n\nDaha yava\u015f ama istikrarl\u0131 bir y\u00fckseli\u015f bekleyenler i\u00e7in, 50 g\u00fcnl\u00fck ortalama gibi kritik seviyelerin alt\u0131nda teminatl\u0131 sat\u0131m opsiyonu satmak (cash-secured put: opsiyon y\u00fck\u00fcml\u00fcl\u00fc\u011f\u00fc i\u00e7in nakit ay\u0131rarak put satmak) de\u011ferlendirilebilir. B\u00f6ylece prim geliri elde edilir; parite ge\u00e7ici geri \u00e7ekilme ya\u015farsa daha uygun seviyeden al\u0131m f\u0131rsat\u0131 do\u011fabilir. \u00d6nemli olan, olas\u0131 merkez bankas\u0131 s\u00fcrprizleri \u00f6ncesinde d\u00fc\u015f\u00fck oynakl\u0131ktan faydalanmakt\u0131r.\n

\n\n

Hemen i\u015flem yapmaya ba\u015flay\u0131n – Ger\u00e7ek VT Markets hesab\u0131n\u0131z\u0131 olu\u015fturmak i\u00e7in buraya<\/a> t\u0131klay\u0131n <\/strong> <\/p>\n","protected":false},"excerpt":{"rendered":"

USD\/CHF 0,7906\u2019ya gerilerken dolar zay\u0131fl\u0131\u011f\u0131 \u00f6ne \u00e7\u0131kt\u0131; 200 g\u00fcnl\u00fck SMA a\u015f\u0131lamad\u0131. 0,7897 k\u0131r\u0131l\u0131rsa 0,7800\/0,7760 hedefte. SNB fakt\u00f6r\u00fc: politika ayr\u0131\u015fmas\u0131yla opsiyon stratejileri izleniyor.<\/p>\n","protected":false},"author":87,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[71],"tags":[],"class_list":["post-30775","post","type-post","status-publish","format-standard","hentry","category-live-updates"],"acf":{"acf_article_selection_author":null},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts\/30775","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/users\/87"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/comments?post=30775"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/posts\/30775\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/media?parent=30775"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/categories?post=30775"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarkets.com\/tr-mena\/wp-json\/wp\/v2\/tags?post=30775"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}