Dollar - Turkish Lira Analysis

Evening Analysis for CFD Instruments 06/12/2018

Fundamental analysis

06 December, 2018

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.

Technical analysis

Dollar - Turkish Lira Analysis Technical analysis 06/12/2018
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 - BuyWeek - BuyMonth - Buy
MACD( 12;26;9) Buy SellBuy
RSI (14) Neutral BuyBuy
SMA 20 Buy BuySell

USDTRY 06/12/2018 - Reference Price : 5.37130

Buy
Simple Moving AverageBuy (3)Sell (0)
Technical Indicators - OscillatorsBuy (2)Sell (0)
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