Turkish Lira gave a devaluation signal on the monthly chartTom Demark count gave a green 2 on the monthly chart. This is a clear buy signal. This happens very rare on a monthly level. Green 2 on a monthly chart means we will have up to 7 months of uptrend.
Weekly and daily charts confirms this as well.
Previous ATH was 3.94320, I expect this will be broken soon, as double tops near ATH are unicorns.
In the upcoming weeks or months a major devaluation of Turkish Lira is possible.
