When we look at the monthly logarithmic chart, we see that it is in a parabolic uptrend from 2008. With the inflation that comes with incredible money printing, there is a possibility that it will reach the levels of 27-35 TRY.
It is not investment advice.
It is not investment advice.
Note
Approaching parabolic support. It seems likely that it will determine its direction according to the expectations close to the date of 14 May, which is a very critical election. 1 USD = 19.14 TRYNote
With the important election of Turkey, the contact with the parabolic trend was realized. With Erdogan's victory again, USD/TRY turned its direction up again. If the current economic policies are continued, difficult times await the Turkish Lira. 1 USD = 20.76 TRYNote
We have reached our initial target on the parabolic trend. Difficult days await Turkey. 1 USD = 27.00 TRY
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.