USDTRY bottomed vs DXY in Jan 2015 with the President criticizing the Central Bank.
It now seems to have double topped on the first day after the general elections where he lost majority.
The whole pattern since 2014 seems like a flat correction.
Overall, in the coming months Turkish Lira should outperform peers versus the USD.
It now seems to have double topped on the first day after the general elections where he lost majority.
The whole pattern since 2014 seems like a flat correction.
Overall, in the coming months Turkish Lira should outperform peers versus the USD.
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Disclaimer
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.