Turkish Lira price analysis After election results
The Turkish Lira reacted by strengthening more than 1% with the results. On the last trading day, the Turkish Lira traded at a rate of 4.6680 + _ when it opened the trading session with Gap Down and strengthened to a level of 4.5870 after Turkish President Recep Tayyip Erdogan has won tightly contested presidential polls
 |
Turkish Lira Analysis |
Turkish Lira Technical analysis
Long-term trend forecast moved is still up as long as 3.78 will hold!
Break below 3.78 on weekly basis will send the Turkish to 3.49
A weekly close below 3.780+- will confirm for more down moves
For short-term
Points to pay attention: 4.08/4.11 / 3.93-4+_ / 3.87 / 3.83+_ / 3.74+_/3.66
Short-term trend forecast: Break below 4.60 will send the Turkish to 4.46- below these levels; you need to watch long-term trends mentions above
If Turkish lira will recover towards 4.80 and stay above, we need to be ready for new records
 |
| USD TRY |
Want to earn money from carrying trade on the USD TRY or Turkish lira with the Best swap condition – 17.75% interest rate in turkey
Want to trade with a reliable broker, FCA regulation, security of your money funds up to £ 50K ?
Wants to take advantage of the high volatility of the situation in Turkey and the Turkish Lira Trade all available options markets?
This review does not including any document and / or file attached to it as an advice or recommendation to buy / sell securities and / or other advice
www.daytrade-profit.com