USDTRY has come to the end of the road
As you can see on the monthly chart, the 5th big wave is about to complete inside the ascending wedge and there is a negative divergence on the RSI .
In my opinion, USDTRY has come to the end of the road after 13 years of growth. I expect it to peak in the a few months and then start to collapse around 9.30 and depreciate around 50% in about 5-6 years and be around 5 TL.
In my opinion, USDTRY has come to the end of the road after 13 years of growth. I expect it to peak in the a few months and then start to collapse around 9.30 and depreciate around 50% in about 5-6 years and be around 5 TL.
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.