TRY/USD
Given that the index is channeled from about 0.193 and the previous wave can be considered the end of the function, the 5 specified waves are standard and due to the short correction wave after hitting 0.117, one can expect the formation of an expanded band.
Accordingly, the value of the Turkish lira should increase against the dollar and is confirmed by...
Turkish Lira and Japanese Yen dropped a lot recently, and I think a reversal could occur - at least for a short time. Keep an eye out for breakout confirmation in the next few days.
Traders,
At the moment , we are heavily net short the Euro mostly as advised by technical developments. In the monthly chart, you can notice price action are trending lower in relation to the upper BB. That is despite EURTRY being higher price wise. Stochastics are also over extended and a sell signal is in the process of being printed.
Secondly, in the daily...
