USD/TRY to Trigger Next Wave of USD Strength into a USD Peak and EM Cycle Low

Emerging Markets Cross-Asset Strategist, Emvest Partners

Guillaume Coutant

Emerging Markets Cross-Asset Strategist

Cross-Asset Emerging Markets Technical Research

Emvest Partners

Emvest Partners is the leading independent French financial analyst specializing in Emerging Markets for  Asset Managers, Hedge Funds and Family Offices. The studies provided by Emvest Partners are based on a top-down, cross-asset and relative-value approach of the financial markets. The articulation of macroeconomic analysis and technical analysis improves the consistency of the recommendations, the mitigation of risks of error and a significant improvement in performance.

Technical Analysis

The Turkish Lira slowly appreciated since 2017 in a descending range towards 3,40.Indicators are showing signs of exhaustion of the trade in the 3,40/3,36 area.Even if <a href="https://www.smartkarma.com/entities/22834" target="_blank" data-smartkarma-citation="entities:22834:1">TRY (USDTRY CURNCY)</a> should be remaining a relative outperformer in the Emerging Markets area, a phase of depreciation against the USD is anticipated over the coming weeks.<a href="https://www.smartkarma.com/entities/22834" target="_blank" data-smartkarma-citation="entities:22834:1">TRY (USDTRY CURNCY)</a> volatility also shows signs of bounce coming up, pushing the Lira lower.This outlook will come in line with the expected global USD…

The Turkish Lira slowly appreciated since 2017 in a descending range towards 3,40.Indicators are showing signs of exhaustion of the trade in the 3,40/3,36 area.Even if TRY (USDTRY CURNCY) should be remaining a relative outperformer in the Emerging Markets area, a phase of depreciation against the USD is anticipated over the coming weeks.TRY (USDTRY CURNCY) volatility also shows signs of bounce coming up, pushing the Lira lower.This outlook will come in line with the expected global USD…

USDTRY Has Reached a Significant Support Area: Strong Reaction Expected