Turkish Lira Analysis
Last 3 months we saw an audiovisual show of the Turkish Lira, mention here not once that Turkish lira located in Dance of demons
The Turkish Lira has made an incredible move of almost a penny in one month, reached a level of 4.99 against the dollar – almost touched a rate of 5 but since then its recovers to 4.54, now I’m expecting to see soon 4.63 +_ price as long as 4.82 will not break up again
* we might see the same behavior as 2001 – if that the case so expect to see Turkish lira going to 5.46 against us dollar *
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| Turkish lira analysis |
Technical analysis updateLong-term trend forecast moved is still up as long as 3.98 will hold!Break below 3.98 on weekly basis will send the Turkish to 3.78A weekly close below 3.780+- will confirm for more down movesPoints to pay attention: 4.08/4.11 / 3.93-4+_ / 3.87 / 3.83+_ / 3.74+_/3.66Short-term trend forecast Break below 4.6. Will send the Turkish to 4.40- below this levels, you need to watch long-term trends mentions aboveIn terms of behavior.I think the Turkish lira is not expected to recover below 4.40, but first, we need to watch on 4.63+_ so see what will happen there
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| USD TRY analysis |
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