Turkish Lira has been falling hard due to Turkey's economic difficulties.
I have been trading for a while now, and I never thought that I could see something like this in my life. I am afraid that it can drop a lot more in days, and weeks to come.
RSI and MACD indicates bearishness, however I would not be surprised if we see USD at 8-10 liras.
Turkey needs to address the underlying economic problems ASAP or things can get real bad, real fast.
This is not a trading/investing advice and I am not responsible for any losses may occur from following this idea. As always, do your own research.
I have been trading for a while now, and I never thought that I could see something like this in my life. I am afraid that it can drop a lot more in days, and weeks to come.
RSI and MACD indicates bearishness, however I would not be surprised if we see USD at 8-10 liras.
Turkey needs to address the underlying economic problems ASAP or things can get real bad, real fast.
This is not a trading/investing advice and I am not responsible for any losses may occur from following this idea. As always, do your own research.
Kommentera:
As expectedly USD started to go up against Lira.
If Turkish Central Bank does not step in 8-10 liras per dollar will be a conservative target at this point.
If Turkish Central Bank does not step in 8-10 liras per dollar will be a conservative target at this point.
I do not know what else to say, it is just sad to see what is going on in Turkey..