The Turkish Lira (TRY) has faced significant depreciation against the US Dollar (USD), driven by a mix of economic and geopolitical factors. This article explores the challenges confronting Turkey and highlights emerging signs of resilience amidst this turbulence.
Key Points:
Challenges Overview: Turkey grapples with persistent inflation exceeding 60%,...
🔔 BUY Signal Alert! 🔔
🔗 Ticker: USD / TRY
🌐 Market: Forex
🔄 Side: Long
⏱️ Type: Swing Trade
🎯 Entry: 31.95
🛑 Stop Loss: 31.32
🥇 First Profit Target: 32.43
🏆 Final Profit Target: 32.88
The CHAMLEO EDGE model uses a proprietary algorithmic program at the pre-market auction to identify potential stocks for each day. The algorithm then calculates where there is...
I see that there is a pattern forming that indicates the beginning of the expected correction of the Turkish lira against the US dollar. Please note that this chart is on a monthly frame. It will take a medium period to be implemented.
From my point of view, according to this analysis and data, there will be a small rise near the area of 32 to 34 Turkish liras per...
Indeed, the price has reached 32.4 liras and a correction has begun, but we need some time to confirm whether this correction will be deep and large and not something simple.. Let us give it some time and see.
A quick update on the future of the Turkish Lira (TL):
Interest rates will rise to the range of 30% to 35% and will remain high for the following years (possibly 2-3 years). The Turkish Central Bank will stop printing vast amounts of money, and getting loans for purchasing houses or cars will become difficult. This action will lower inflation for few years. TL...
Decades of shorts are over imo.
Geo setups are very interesting from my point of view, regarding this region.
CU ltr.
All currencies appearing in this post are fictitious.
Any resemblance to real currencies, existing or dead, is purely coincidental.
The Bank of Turkey will have its policy meeting on November 23, 2023. Whatever the outcome, I expect it to be good for the USD. Therefore, I am long now and will hold this pair through the meeting and beyond.
The USD/TRY has one of the highest Roll Over Interest out there should you choose to take on this highly volatile pair. It isn't so much that it is volatile, it has to do more with price just moves one direction, and that is up. The way we want to go is down (short) or at least sideways (ranging). Why is this interesting? It is because the Rollover Interest...
Price has been pushing higher and higher and climbed thousands and thousands of PIPs since 2021. But with the increased interest rates (42.5%), will this be enough to prevent price from higher? Potentially. There needs to be more confidence in the Lira, which could be happening. Pimco and Vanguard (US Investment Companies), are investing in Turkey, which could...
Turkish lira hits a fresh record low of 31 against the dollar
Turkey's lira hit a new all-time low of 31 to the U.S. dollar on Wednesday, continuing a recent steady decline that has seen it shed some 40% of its value since the start of 2023.
The currency touched a record low of 31.0035, bringing its losses so far this year to nearly 5%.
The more conventional...
Overview
I'm calling 2024 the end of Lira selling.
The Details
2024 could see Turkish inflation peak🗻
The main driving force of the TRY selling has been unconventional monetary policy, erratic changes of the head of Turkey's central bank and finance ministers, and undisciplined high inflation
A rate hiking cycle has been in play since May 2023 - rates...
