Turkish economy suffers from obvious problems Does Turkish lira rate reflect the situation?
Turkish lira analysis
The last move we saw in the Turkish lira stabilizing against the US dollar After Turkish lira having already lost nearly 40 percent of its value last year against the dollar, from last negative record we see recovered, Are we going to get a new era on Turkish lira price or its only halt?Turkey’s economic problems are structural and the future does not look so promising:
Unemployment Rate in Turkey is expected to continue to grow up this year
Inflation Rate in Turkey averaged 35.02 percent from 1965 until 2018,
Interest Rate in Turkey is expected to continue to grow up this year
The balance of Trade in Turkey expected to expand also
Consumer confidence index in Turkey also expected to decrease
To simplify the situation of the Turkish lira here is the story
Last 3 months we saw an audiovisual show of the Turkish Lira mention here not once that Turkish lira located in
Turkish lira analysis |
Turkish lira technical analysis
Long-term trend forecast moved is still up as long as 4.90+_ will hold!
Break below 5.31 on weekly basis will send the Turkish to 5.18
a weekly close below 4.90- will confirm for more down moves.
Break above 5.76 will send the Turkish again to higher levels - below these levels; you need to watch long-term trends mentions above In terms of behavior
if the top will break up again, is standing on 8.36-8.72- ook again on the charts I found that if this case is the same as 2001 to 4.90 price area is can be shown on the charts
Short-term trend forecast: as long as Turkish lira will trade below 5.63 the target is located in 5.23+_ price area with an option to went down over 5.18 +_ price then to 4.90
Daily closed above 5.73+_ will confirm that the correction is over!
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This review does not include 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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