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Turkish Lira ( TRY ): The Pain Ain’t Over

2018-06-22_TRYJPY-UTM

The Turkish Lira is in free fall and the trend does not appear to be ending any time soon with its exchange rate against the world’s major currencies accelerating as exemplified here below. Turkish Lira / Japanese Yen Monthly Exchange Rate Swiss Franc / Turkish Lira Exchange Rate US Dollar / Turkish Lira Monthly Exchange […]

TRYJPY – Buy the breakout above 32.2

TRYJPY – Buy the breakout above 32.2

In previous posts I mentioned the probability for a longer term trend reversal in the USDTRY and EURTRY pairs to the downside. Therefore it is less about the Euro or the Greenback turning weaker but more about a battered down Turkish Lira regaining strength that should as well naturally be reflected in other currency pairs […]