Following the results of the elections, is the Turkish lira on the way to change the pattern of behavior experienced in recent years

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  price Analysis

                       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  technical analysis

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

Leave a comment