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Live USD/TRY priceUS Dollar to Turkish Lira
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.
Recommendation for USD/TRY on the 15M timeframe is Sell.
Recommendation for USD/TRY on the 1H timeframe is Strong Sell.
Recommendation for USD/TRY on the 1D timeframe is Buy.
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.
In our article, you will be able to learn the latest price forecasts and signals on the USD/TRY currency exchange rate for 1 hour-1 week. USD/TRY forecasts and signals are based on the technical analysis indicators.
On this page, you will find the latest information about current prices, updated and new forecasts for short and long-term intervals:
- Asset quotes are updated every minute.
- Price chart is updated every minute.
- Technical indicator data is updated according to the time frame. For example, on M5, the data is updated every 5 minutes.
- Medium and long-term forecasts are updated every hour.
