USD/TRY 27-35 TRY POSSIBILITY för OANDA:USDTRY av mutemadiyen

trendanalysis usdtry dollartry dollarturkishlira dolartl dolartlanalizi dolartlanaliz usdtryanaliz turkey turkeyusd

When we look at the monthly logarithmic chart, we see that it is in a parabolic uptrend from 2008. With the inflation that comes with incredible money printing, there is a possibility that it will reach the levels of 27-35 TRY.

It is not investment advice.

Kommentera:

Approaching parabolic support. It seems likely that it will determine its direction according to the expectations close to the date of 14 May, which is a very critical election. 1 USD = 19.14 TRY

Kommentera:

With the important election of Turkey, the contact with the parabolic trend was realized. With Erdogan's victory again, USD/TRY turned its direction up again. If the current economic policies are continued, difficult times await the Turkish Lira. 1 USD = 20.76 TRY

Kommentera:

We have reached our initial target on the parabolic trend. Difficult days await Turkey. 1 USD = 27.00 TRY

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