US dollar to Turkish Lira Signals and Price Predictions
Disclaimer
All information on this page is published ‘as is’ and for information purposes alone. The information is not intended for trading or advice of financial, investment, tax, legal, accounting or any kind of nature. Before starting to trade, please contact your broker or a financial advisor to check the quotes, evaluate forecasts or the opinion of the author of the article. Our company is not an investment consultant, financial advisor or a broker for transactions involving securities. No information shall be viewed as investment advice, recommendation or offer of our company to buy, hold or sell securities or financial products. Our company does not provide guarantees and does not express opinions about appropriateness or suitability of investments.
No information shall be regarded as investment advice (general or individual). Financial products or transactions mentioned in such information may not be suitable for your investment portfolio and may not meet your investment targets and expectations. You are solely responsible for any decision regarding financial products or transactions and you shall independently determine whether they are suitable for you, taking into account your interests, investment targets, investment horizon and tolerable risk level. Our company shall not bear any responsibility for the losses caused by financial transactions or investments in financial products mentioned on our website. We do not recommend making investment decisions guided solely by this information.
The information on our website is provided by stock exchanges, brokers and other content providers, and, in some cases, may arrive with a delay. Our company does not verify such information and shall waive any liability related to it.
Our company and our information and content providers, financial exchanges, brokers and also all affiliated companies and business partners: a) expressly waive any responsibility for the accuracy, validity and completeness of any data; b) shall not be liable for any mistakes, omissions or other flaws on such information, for delays and interruptions in their display, as well as for actions taken based on such information. Neither our company nor our information providers shall be liable for the damage caused by the use of the information provided here. The term ‘business partners’ in this case shall not imply any partnership or agency relationships as well as the creation of a joint venture between our company and any other organization.
You hereby confirm that you shall not copy, modify, reformat, download, store, reproduce, process, transfer or distribute any information published here or use such information for commercial purposes without prior written consent.
Traders Union as well as its external information and content providers retain exclusive copyright to the provided information.
Our company shall not be liable for the products and services advertised on our website.
General websites Disclaimer:
Traders Union (tradersunion.com) shall not be liable for the consequences of trading decisions made by the Client and for the possible loss of his capital resulting from the use of this website and information published on it. Forex market, CFD and cryptocurrency trading involves high risks and is not suitable for everyone. Before investing money, you need to adequately assess the level of your expertise and be aware of the risks, particularly in the context of trading with leverage. The information on this website is not intended for distribution or use by any person in any country or jurisdiction, where such distribution or use would be in violation of the local law or regulation. Any payments by Traders Union (TradersUnion.com) to the users of our website shall be legally interpreted solely as an incentive on our part for the activity on the website in the form of a deduction of a part of the advertising income; they shall not be a subject of any claims of our users or our obligations, a subject of disputes, as well as cannot be considered in relation to the services provided to users by brokers, both in fact and in their completeness and volume. The administration of the website shall not be liable for the content of user comments and reviews about the companies and shall not verify whether the authors of the reviews are indeed real clients of a specific company. All reviews, both negative and positive are published on the website without verification of their reliability; only offensive reviews that call for violence or any kind of discrimination and also reviews published from one group of IP addresses are moderated and removed. The authors of the materials shall be fully liable for the accuracy, completeness and impartiality of any information in the articles and reviews, including in the context of their use or mention of any brand names or trademarks. All mentions of the names of companies and their brands in any materials on the website shall be made in the context of communication of socially important information to the people about their activities by independent journalists, who are the authors. All evaluations and indicators on the website express the subjective opinion of the authors of the reviews (articles) and shall not be viewed as accurate statements and be a subject of disputes and claims against Traders Union.
Risk disclosure:
Information on the TradersUnion.com website is for informational purposes only and does not constitute any motive or suggestion to visitors to invest money. Moreover, we hereby warn you that trading on the Forex and CFD markets is always a high risk. According to the statistics, 75-89% of customers lose the funds invested and only 11-25% of traders earn a profit.
That is why you should only invest money that you are prepared — or can afford — to lose at such high risks. Tradersunion.com does not provide any financial services, including investment or financial advisory services. Also, the Traders Union is not a broker and does not get money for trading in the Forex or CFD markets. Our website only provides information on brokers and the markets and helps its users to select the best brokerage company based on detailed information and objective analysis of brokers.
| Prev. Close | 32.26705 |
|---|---|
| Open | 32.2648 |
| Day's Range | 32.1799-32.3853 |
| 52 wk Range | 33.0275-21.0286 |
USD/TRY Chart Online
Traders Union uses a custom-made forecasting model based on a combination of various data and models.
The timeframe of technical indicators used for the analysis depends on the forecasting period and can range from 5 minutes to one day (D1). Traders Union uses a custom-made forecasting model based on a combination of various data and models. Some forecasting data are generated and recalculated automatically based on statistical data. Price forecasts and predictions can also contain the opinions of market experts and analysts.
Price analysis may include the following considerations:
- Readings of basic technical indicators, including moving averages, MACD, RSI, as well as other trend, channel tools and oscillators optionally.
- Wave analysis, VSA analysis (analysis of vertical and horizontal volumes).
- Complex indicator and chart systems: TD Sequential, Gann tools, Chart analysis is used for some forecasts. Key resistance and support levels were built for the analysis.
- Statistical tools that allow for assessment of the probability of occurrence of fundamental factors affecting the price, their degree, and nature of influence.
- Methods of mathematical and statistical analysis: modeling, adaptive forecasting methods, correlation models, spectral analysis, and quantum analysis. Analysis of derivative multiples.
- Risk assessment models: alpha, beta coefficients, Sharpe ratio, etc.
- On-chain analysis and specific indicators: fear and greed index, NVT Ratio, MVRV Ratio, etc,
- For cryptocurrencies, statistical data of analytical platforms was used: CoinMarketCap, CoinGecko, etc.
- For stock price forecasts, data from Finviz, CompaniesMarketCap, TradingView and other analytical platforms can be used optionally.
- For stock forecasts, surveys of investment fund managers, independent analysts, expert opinions of investors on leading platforms, and consensus forecasts of analysts are used.
US Dollar / Turkish Lira Forecast
USD/TRY is an exotic currency pair. It has a relatively high volatility, and is considered an instrument with increased risk. The peculiarity of this pair is the strong direct impact on its price from the Central bank and the state, which are conducting an unconventional monetary policy. For this reason, the Turkish lira is considered a currency that is difficult to predict.
In the past five years, the Turkish lira has been steadily dropping against the US dollar. TRY devalues at a rate of 50-150% per year. In December 2021, President of Turkey Recep Tayyip Erdogan announced a state-backed scheme to protect lira deposits, with a promise to compensate the loss caused by devaluation. In the past five years, this was the only fundamental factor that led to TRY strengthening by 15%. The rest of the time frame shows a flat or lira devaluation.
The chances for the reversal of the USD/TRY upward trend remain under condition of the return to the traditional economy management model.
USD/TRY Indicator Based Technical Analysis
USD/TRY forecast by TU is prepared automatically on the basis of technical analysis of moving averages and indicators for each timeframe (interval) separately. Select the timeframe you need to find out USD/TRY price prediction for today.
To find a better entry point, also find out what TradingView technical analysis tool signals for the US Dollar to Turkish Lira currency exchange rate. "Sell" or "Strong Sell" means that most of the signals are bearish. "Buy" or "Strong Buy" means that most of the signals are bullish. For short-term signals, it is recommended to use settings from 15 minutes to 2 hours. For long-term signals, it is recommended to use settings from 4 hours to 1 week.
NOTE!
Signals may differ on different timeframes. If you want to hold the USD/TRY for longer than 1 week/1 month, it is best to use the signals on daily and weekly timeframes. Timeframes from 5 minutes to 1 hour are best suitable for short-term transactions.
Where to Trade USD/TRY
Participate in direct trading with the guidance of our recommended brokers, meticulously vetted and favorably reviewed by our users.
What is the USD TRY forecast?
After the Turkish lira reached its all-time low, analyst forecasts have remained cautious. There are still factors indicating the potential for further depreciation of the lira (an increase in the USD/TRY exchange rate), but at a slower pace. On the other hand, there is a possibility that in his new presidential term, Recep Tayyip Erdogan may revert to a more conventional monetary policy, which could partially support the Turkish lira.
What is the prediction for USD to TRY?
Turkey has an export-oriented economy. The monetary policy aims to contain inflation through increasing proceeds from exports, while the central bank continues to gradually lower the interest rate. The low exchange rate of lira is beneficial to exporters, but with an average annual economic growth of around 8%, inflation exceeds 35%. Furthermore, the country experiences an excess of imports over exports, which also contributes to the depreciation of the currency. Experts are cautious in their forecasts and are more inclined to believe that the lira will continue to depreciate in the short term.
Is the Turkish lira expected to rise?
The value of the Turkish lira may rise, if the country reverts to the traditional monetary policy that involves increasing the interest rate to curb inflation while reducing government interference and budget deficit.
When should I buy Turkish Lira?
It will make sense buying the lira when the question of the budget deficit is resolved and the inflation is curbed.