U.S. Dollar / Turkish LiraUpdated USDTRY from Money Supply Perspective
USDTRY with valued for the number of US dollars printed over the last months. By dividing USDTRY by M2 (money supply), I believe we can get a valuation that respects inflation.
Now we have to pay attention to the yellow trend-line and how the price action plays against that.
Now we have to pay attention to the yellow trend-line and how the price action plays against that.
Note
The full pictureNote
The Pitchfork StructureNote
USDTRY valued per DXYNote
We would divide by DXY because of the proportional relationship. DXY falls, USDTRY falls as USD loses power. DXY rises, USDTRY rises, as USD gains more prominence.Note
Teasing us with a breakout
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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.