The USD/TRY traded higher on Thursday in the European session as the Greenback was still slightly down but recovered from earlier lows against a basket of other currencies. The Lira traded lower as risk off sentiment dominated markets due to the ongoing trade war, with emerging market currencies and stocks both falling. This afternoon, ADP Nonfarm Employment Change for November, Initial Jobless Claims, Trade Balance and ISM Non- Manufacturing PMI will be released in the US.
Dollar - Turkish Lira Analysis
Evening Analysis for CFD Instruments 06/12/2018
Technical analysis
Time Frame: 1 hour
USDTRY Support & Resistance Table - 06/12/2018
Support & Resistance | Level | Explanation |
Resistance 2 | 5.44948 | Daily R2 |
Resistance 1 | 5.41302 | Daily R1 |
Support 1 | 5.34300 | Daily S1 |
Support 2 | 5.30500 | Daily S2 |
USDTRY Indicator Table - 06/12/2018
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 - 06/12/2018
Indicator / Period | Day - Buy | Week - Buy | Month - Buy |
MACD( 12;26;9) | Buy | Sell | Buy |
RSI (14) | Neutral | Buy | Buy |
SMA 20 | Buy | Buy | Sell |
USDTRY 06/12/2018 - Reference Price : 5.37130
Buy |
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