And then rise to 0.19 in February or March and up to 0.23 in Q3 2020
Not that strong about 40 to 50% negative correlation
Will it bounce? If so would TRYJPY make a good long term long carry trade?
Will Turkey improve its foreign currency liabilities and make TRY go up?
With oil prices continuing to remain low and Turkey economic diversifitcation becoming successful, TRYGBP shows promising upside
The strategy is to follow the trend continuation and enter a long position in the 0.618 fibonaci retracement.
TRYCHF-Trade at the S/R Levels and Zones
Watch out when price closes a day candle above the 50 days MA.
once it does, buy trade towards the resist levels and zones
TRYTCHF-Buy at Support Wave Levels
Price is moving lower towards support levels, but as it has dropped much over the years, expect power of rebound whenever it reached every support level, so buy at supports and take profit at resist.