Will third time lucky in Turkish lira price past and future Applies Again?
Turkish lira technical analysis forecast
Look closely at the chart I attached this post
Pay attention to the cross line strips:
Two times in the past in 2014 and 2016 there is similar behave - if I’m reading the map right and trying to project what is currently happening on the graph from the technical point of view and the similarity that exists for years past
Fitch has upgraded Turkey’s growth forecast, pointing to strong first-quarter results that showed 5 percent growth from the same quarter a year ago.
The agency now estimates the Turkish economy will expand 4.7 percent in 2017 and 4.1 percent each for next year and 2019.
In its latest Global Economic Outlook (GEO), which was released on June 19, Fitch said the latest data, combined with the robust 2011-2015 performance, suggest that Turkey’s growth is persistently higher than previously assumed.
it supported by government incentives aimed at reviving economic activity in the aftermath of the failed coup attempt in July 2016, Fitch stated.
Inflation slowed in May for the first time this year, due to hikes in interest rates and resulting currency stability
The recovery in global growth is strengthening and is expected to pick up to 2.9 percent this year and peak at 3.1 percent in 2018, the highest rate since 2010, according to Fitch.
Those measures will probably strength the Turkish lira currency
Time will tell but we are in the 90 minutes decision for my opinion
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Turkish lira price
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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
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