Tez8

TRY Short - TRY is in a long term cyclical bear market.

Short
FX_IDC:TRYUSD   TURKISH LIRA / U.S. DOLLAR
SUMMARY : Short , see further downside to the TRYUSD .

-- Technical --
TRY is in a bear market below the EMAs and Gaussian Channel.

-- Fundamentals --
Excessive debt with in the corporate and government sectors.

Furthermore, Turkey has capital controls in place making it more difficult to transfer funds out of the control.

Comments

completely agree with you, I'd be looking to buy property there now.
+1 Reply
Tez8 Ryecatcher
@Ryecatcher, not financial advice but that sounds like a great play - if you can manage the risks.

Property over there is a multi-cycle low at the moment.
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@Tez8 yes this is my exact thought
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I have been in a while now
+1 Reply
Tez8 Ryecatcher
@Ryecatcher, nice. One of my favourite places in Europe.

I think Turkey is a gem of a location and long term I am very bullish for that place.
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An upside note, if one is willing to invest into Turkey ,on a long term bet, now would be a good time.
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