Since mid-September 2017, USDTRY is in a new impulsive wave. The price correction in the first two weeks of October was the 1st and current downtrend, started in 21st November, is 2nd corrective waves.
I think USDTRY will continue to soften to 3.70-3.80 range. 3.70 is quite unlikely but if there will not be any extraordinary matters then a correction to fib 0.382-0.50 seems likely.
I think USDTRY will continue to soften to 3.70-3.80 range. 3.70 is quite unlikely but if there will not be any extraordinary matters then a correction to fib 0.382-0.50 seems likely.
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USDTRY follows the downtrend line but it seems like the indicator will have an uptrend in the next days to 420 level.
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spot on!
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next target: 4.21