(Emerging Markets) USDTRY Outlook 2021 And Beyond

FX:USDTRY   U.S. Dollar / Turkish Lira
TRY can get even weaker through mid 2021.
strong recovery possible following it , especially after 2021.
Trade active:
Trade active:
Trade active:
Comment: uncertainty. it can either drop all the way back to the bottom then reverse up again from that lows , or continue to go up from current level.
Comment: its still consolidating over 8.00 , it can revisit the lows before going for the big run over 9.00-10.00 .
waiting for confirmations.
Comment: previous consolidation brokeup and hit ~8.50.
now it's forming another flag there.

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.