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U.S. Dollar / Turkish Lira

USDTRY from Money Supply Perspective

By SBLineker
Updated
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.
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The full picture
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The Pitchfork Structure
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USDTRY valued per DXY
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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.
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Teasing us with a breakout
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Chart PatternsTechnical IndicatorsTrend Analysis
SBLineker

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