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TRY (Turkish Lira)

Currency Pair Commodity Pricing Divergence Identification MethodThis is a Method to follow Currency pair and pricing divergence of a Commodity to a Base Currency This demonstrative example is from from Gold in various currencies to Turkish Lira ₺ You can recreate this for your own purpose by following the same formulas. Because that symbol does not exist we have to divide pairs that have a common denominator. We will use XAUUSD (which is Gold/US Dollar) and divide it by TRYUSD (which is Lira/US Dollar) When dividing fractions you invert the denominator and multiply. So (XAUUSD)/(TRYUSD) = (XAUUSD)*(USDTRY) *Note: It is important to notice that these two values produce different results in the graph, by pulling data from two different feeds. In this Chart XAUUSD/TRYUSD USDTRY/XAUUSD (RED) Another exemplary pair is XAUCAD. It's Currency pair is TRYCAD. So the Formula is simply XAUCAD/TRYCAD Also in this chart XAUEUR/TRYEUR XAUGBP/TRYGBP XAUJPY/TRYJPY XAUXCU/TRYXCU XAUZAR/TRYZAR (PURPLE) Sometimes both sides of currency pairs aren't available on TradingView. We have XAUNZD available, but we only have NZDTRY available. To solve this we use the formula XAUNZD/(1/NZDTRY) Dividing by a fraction with a 1/fraction as a denominator provides us with the inverse symbol of TRYNZD Also in this chart XAUAUD/(1/AUDTRY) (BLUE) In more extreme cases, there is no currency pair available at all. In this situation, we have to create a pairing. There is no CNY to TRY or inverse symbol but there is XAUCNY So, we convert the XAUCNY value to a value that has a pair. For this example we will go back to the US Dollar before converting it to the Base Currency. (XAUCNY/(1/CNYUSD))/TRYUSD Also in this chart (XAUINR/(1/INRUSD))/TRYUSD (XAUNPR/(1/NPRUSD))/TRYUSD (GREEN) Forumulas with equal value are also included XAUUSD/(1/USDTRY) USDTRY/(1/XAUUSD) XAUUSD*USDTRY USDTRY*XAUUSD
FX:XAUUSD
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