A quick update on the future of the Turkish Lira (TL):
Interest rates will rise to the range of 30% to 35% and will remain high for the following years (possibly 2-3 years). The Turkish Central Bank will stop printing vast amounts of money, and getting loans for purchasing houses or cars will become difficult. This action will lower inflation for few years. TL will have a correction to the levels of 20-23 within a few years.
After 3-4 years, the next target will be levels of 40-60. The Central Bank will continue to print money and lower the interest rates. That will trigger another inflation around 2027-2028.
Targets:
First target: Range of 28-29 Second target: Range of 25-28 for a few years Third target: Levels of 20 for a swift correction Last target: Levels of 40 after 2-4 years
This constitutes a very long-term analysis. It is important to note that this assessment could be inaccurate; all the stated opinions are personal. The market can undergo drastic changes due to even a minor policy adjustment. Therefore, exercise caution and conduct your own research before making any decisions. Stay safe.
Trade ativo
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Comentário
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First Target reached: First target may extend to the 32 levels A small change for the target : 31tl-32tl
anything can happen in TR, so predicting 2027 is... risky as f...
MinimumWagerLvl1
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@interloperxx I know that might be a risky thing to do but anything can happen anytime in the world. Taking risk and making predictions are the best way to adapt to changing world. This chaos was planned by the government 5 years ago. They knew the results and what they are doing. The whole plan was to make people spend money and make people get into huge debts. As a second step they are gonna cool down the market for a while to see how is the real effect of the things they have done. I'm planning to stick around till 2027 so that's why I make this analysis according the global changes and possible actions taken by the policy makers. We will never now till that year so let's wait and see.
Jibrilzarewa
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enter buy now?
LeoTrder
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2024 between 30-35 , 2025 between 30-40 , 2026 over 45
MinimumWagerLvl1
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@LeoTrder let's see wait and see! we can't move up without a correction to the 20-23 levels. won't go the 45 in 2026. That is almost impossible as the inflation rate won't be higher than %15 in 2026.