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Lira → Gold, Silver, Bitcoin
U.S. Dollar / Turkish Lira
Short
Lira → Gold, Silver, Bitcoin
By acrossthespread
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Aug 11, 2020
3
Aug 11, 2020
(see prev post)
Turkish Lira in crisis, weakening to record lows vs USD & EUR.
USDTRY threatening to break above 7 (and eventually doing so) happened to coincide with with key resistance levels broken on three separate assets:
Gold > $1921: previous all time highs
Silver > €20: 2012 highs from ECB M. Draghi's famous "Whatever It Takes" speech
BTC > $10,000: previously failed resistance after May '20 halving
Beyond Technical Analysis
Technical Indicators
Trend Analysis
acrossthespread
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Related publications
Long Turkey: An Alternative to “Short” Gold
by acrossthespread
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