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mutemadiyen
Jun 3, 2022 1:59 PM

USD/TRY 27-35 TRY POSSIBILITY 

USD/TRYOANDA

描述

When we look at the monthly logarithmic chart, we see that it is in a parabolic uptrend from 2008. With the inflation that comes with incredible money printing, there is a possibility that it will reach the levels of 27-35 TRY.

It is not investment advice.

评论

Approaching parabolic support. It seems likely that it will determine its direction according to the expectations close to the date of 14 May, which is a very critical election. 1 USD = 19.14 TRY

评论

With the important election of Turkey, the contact with the parabolic trend was realized. With Erdogan's victory again, USD/TRY turned its direction up again. If the current economic policies are continued, difficult times await the Turkish Lira. 1 USD = 20.76 TRY

评论

We have reached our initial target on the parabolic trend. Difficult days await Turkey. 1 USD = 27.00 TRY
评论
Jeo_Boden
as someone who actually lives and works in Turkey and has witnessed the severe downfall of our economy in the last 5 years, I can confidently say that the situation is a lot worse than you think. I honestly expect this to easily reach 32 minimum and then possibly 40-50 next year.
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