This is just a quick look at the USDTRY pair. I'm evaluating the recent recovery of the Turkish Lira versus the dollar from about 8.5 TL per dollar to 7.3 TL. In my estimation, this recovery has not shown enough strength to continue. We can see that as soon as it touched the bottom of the drawn curve, RSI has reached the bottom of its parallel channel. That's as...
Well, it's been 4 years since I started this serie, you might want to check it out. PA will probably try 19-20, and after that we might have a consolidation period. Conjunctural sum might have worsened.
Seems like Erdogan has no signs of slowing down on ruling Turkish Central bank. We all see what is it fraught with:
Check out my analysis on this situation here:
forexezy.com
Despite a bullish view on USDTRY pair, I (like many others) wonder when will this end? Please, share your thoughts in comments bellow
