Turkish lira (USD/TRY) The All-Story
This year Turkish lira weakened against the dollar by almost 15%
There are many reasons for weakening of the Turkish lira, whether economic net, whether political or everlasting
The dollar raises his head following a declaration of interest near future – almost certainly the fed Yellen will raise interest rates, more than 90% for this happen
US rate hike course, strengthens the dollar, in particular, against the currencies of the most vulnerable countries, such as Mexico, Turkey and some
(Due to the election of the new President Trump and his views)
Last week I wrote a post on the Turkish lira, went assume that we have seen record lows in the Turkish lira – the technical base
In retrospect, I was wrong, the Turkish lira continued to weaken, and culminated in a new low against the dollar over the weekend
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Turkish lira (USD/TRY) |
The situation is not easy to analyze – on the one hand, one cannot ignore the strong dollar trend worldwide, and the increasing likelihood of further hikes in interest rates.
On the other hand, we have an extreme situation here technically, I’m not talking about the graph of day’s weeks or months, I’m talking about a period of more than a decade.
The success rates, technical analysis of the Turkish lira since the beginning of the most impressive reviews were almost 80% – it does not matter, so I just wrap this aspect
If I repeat, if until today, more than 80% of the surgeries were successful Turkish lira, it speaks for itself
Currently the technical aspect
The Turkish Lira is in sales of excess stress, oscillators, and other technical tools that I use
I sharpen the analysis: Arrival to the high price level in the 3.44 to 6 possible,
Again I think as I said, and wrote in a previous post that will not be easy
daily close below 3.33-4 will start the correction move
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Turkish lira (USD/TRY) |
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