The price of the Turkish lira varied against the dollar during the early trading on Wednesday.
Enter your emailWe expect the lira to decline, especially after it approached the mentioned resistance levels, as it targets the support levels on the other side.Buy the order for yesterday, as half of the contracts were closed, and the stop-loss point was moved to the entry pointPlace your stop-loss point below the 13.10 support levels.Close half of the contracts with a profit equal to 75 pips and leave the rest of the contracts until the strong resistance levels at 13.79.
This is despite the Turkish government's continued attempts to expand the inclusion of citizens' savings, especially foreign currencies, and gold, within the country's financial system. While controlling the depreciation of the lira while adhering to the country's president's policy of lowering the interest rate despite the rise in inflation in the country to its highest level in nearly twenty years, since the Justice and Development Party came to power in the country.
We expect the lira to decline, especially after it approached the mentioned resistance levels, as it targets the support levels on the other side.Top Forex Brokers
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bitcoin Flashes Ultra-Bullish Signal — Long-Term Holders and Whales Hit Multiyear HighsAlthough the recent correction in the crypto market had quite a lasting effect, such circumstances have proven to be potentially profitable for long-term investors according to the Glassnode data analysis. In particular, dormancy flow indicates that Bitcoin has reached the fourth oversold point...
Read more »
Signal now lets you change your number without wiping out your conversation threadsEasily change your Signal number
Read more »
New Signal update lets you change your phone number without losing chats and groupsThe latest Signal update brings a long-awaited and quite useful feature.
Read more »
BTC/USD Forex Signal: Bullish Momentum Gains SteamThe $BTCUSD price jumped to the highest level since January 13th as the broad market sentiment improved. Get the bitcoin signal here:
Read more »
GBP/USD Forex Signal: Bearish Flag Signals More WeaknessThe GBP/USD pair retreated slightly on Monday as investors continued to reflect on the recent interest rate decision by the Bank of England.
Read more »
EUR/USD Forex Signal: Bullish Flag Points to ReboundThe EUR/USD pair wavered in the overnight session as investors continued to assess the impact of the hawkish Fed and ECB on the respective currencies.
Read more »