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.
הערה:
The full picture
הערה:
The Pitchfork Structure
הערה:
USDTRY valued per DXY
הערה:
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.
הערה:
Teasing us with a breakout