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Lawrence-Sherif
Nov 12, 2023 12:19 PM

The 10 years analysis for #USDTRY #Türkiye Long

U.S. Dollar/Turkish New LiraFXCM

Description

Based on Gann analytical techniques, if #USDTRY concluded the month of November above the 28. This is indicative of a prospective upward movement, with anticipated milestones at 34 by March 2024, followed by 44, and a final target of 56. The projected timeline for achieving these targets spans from June 2025 to December 2026. Noteworthy is the technical analysis, which finds support in the prevailing inflation figures.

Confident in the capabilities of the Central Bank, I anticipate a resolution to the TRY predicament within the next three years. This resolution is expected to catalyze a notable bullish trend in the currency.
Comments
Forex48_TradingAcademy
Good work, I share your view!
Derekf425
I went in on a $10 million short
LeoTrder
As a person the i know inflation, experience shown me , you will never see half , for ex if USD sees 1 then you will never see 0.5 ( at least until you dont see a big move in government ) , in your chart you pointed 55 to 12-13 😄 you will never see that man, MAYBE in next 10 years inflation is like a infection , everyday goes bigger and sometimes for cure it need to remove part of your body 😉 its too hard,
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