In this video I am looking at the relationship between EUR/TRY and the
i-shares MSCI Turkey ETF, which allows us to look at volume data as a proxy
for momentum in EUR/TRY, specifically addressing the following question:
- is the MSCI Turkey ETF selling overdone?
- what does the daily and weekly ETF's RSI tell us?
- with the index reaching the 2018 lows, is there any more room to sell?
The Lira is on an endless devaluation trajectory, but of course there may be
room for some correction in the near future before further EUR/TRY (and other
Lira pairs) appreciation.
Food for thought.
Francesco Sani, FreeFX
i-shares MSCI Turkey ETF, which allows us to look at volume data as a proxy
for momentum in EUR/TRY, specifically addressing the following question:
- is the MSCI Turkey ETF selling overdone?
- what does the daily and weekly ETF's RSI tell us?
- with the index reaching the 2018 lows, is there any more room to sell?
The Lira is on an endless devaluation trajectory, but of course there may be
room for some correction in the near future before further EUR/TRY (and other
Lira pairs) appreciation.
Food for thought.
Francesco Sani, FreeFX