meszaros

USDTRY dollar strength...

meszaros Updated   
OANDA:USDTRY   U.S. Dollar / Turkish Lira
An upward wave may be formed in the exchange rate, which can only be regarded as a correction. This wave may rise to 6.0 usd. Then another downward wave structure can be expected. The target price is 5.55 usd level environment.
Comment:
Correction wave movement was lagging behind, however, the exchange rate reached the end of the correction level. This is a prolonged TRY weakening.

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.