CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 73% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 75% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Dollar - Turkish Lira Analysis

US Session Analysis for CFD Instruments 02/10/2024

Fundamental analysis

02 October, 2024

The US Dollar climbed against the Turkish Lira during the European session, above 34.200 levels.
In European trading the pair pushed upwards following its longer term uptrend and recorded a one week high in the Asian session as traders continued to monitor the outbreak of fresh conflict in the region. In Turkey Exports data for September posted a reading of 22 billion vs last month’s 22.1 bln. In the United States, September’s ADP Nonfarm Employment (124k expected) will be released (13:15 GMT+1).

Technical analysis

Dollar - Turkish Lira Analysis Technical analysis 02/10/2024
Time Frame: 1 hour

USDTRY Support & Resistance Table - 02/10/2024

Support & Resistance Level Explanation
Resistance 2 34.2979 Daily R2
Resistance 1 34.2653 Daily R1
Support 1 34.1785 Daily S1
Support 2 34.1459 Daily S2

USDTRY Indicator Table - 02/10/2024

Indicator Signal
SMA 20 Buy
SMA 50 Buy
SMA 100 Buy
MACD( 12;26;9) Buy
RSI (14) Neutral
Stochastic ( 9;6;3) Buy

USDTRY Indicator / Period Table - 02/10/2024

Indicator / Period Day - BuyWeek - BuyMonth - Buy
MACD( 12;26;9) Buy BuyBuy
RSI (14) Neutral SellSell
SMA 20 Buy BuyBuy

USDTRY 02/10/2024 - Reference Price : 34.2207

Buy
Simple Moving AverageBuy (3)Sell (0)
Technical Indicators - OscillatorsBuy (2)Sell (0)
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US Dollar - Turkish Lira Chart
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