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USDTRY

Long
U.S. Dollar / Turkish Lira (FX:USDTRY)  
Wudor Updated   
FX:USDTRY   U.S. Dollar / Turkish Lira
Trend Analysis USDTRY turkey inflation
3
17
trendanalysis usdtry turkey inflation
Why bullish?
1) Inflation
2) Corruption
3) Brain-Drain
4) Erdoganomics
5) Geopolitical Risks
6) History

(not investment advice)
Comment:
7) world credit ratings: Turkey BB- (Fitch)
8) Turkey 5 Years CDS: 542
9) Central Bank reserves: negative 60 billion dollar
10) 70% dollarization nationwide
11) official inflation 36%, interest 14% and they are not gonna raise interest according to Erdogan's speech
12) capital control has begun.
According to turkish banks poeple have 240 billion dollar and Erdogan forcing banks to sell 10% until 15.04.2022 and another 10% till 08.07.2022

They are doing this to protect 14. if it breaks nothing can stop USDTRY

so I expect to see 14 on 3.February
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