Dollar - Turkish Lira Analysis

US Session Analysis for CFD Instruments 07/02/2019

Fundamental analysis

07 February, 2019

The USD/TRY pair traded firmly higher on Thursday during the European session at 5.2686, as the Greenback again climbed higher against a basket of other currencies today following economic weakness in the Eurozone and the UK and their respective currencies and strong economic data coming from the US. The Lira is also weaker today, following a slump in emerging market currencies. Earlier this week the Lira came under pressure after Turkish President Erdogan outlined how the Treasury would take over the nation’s largest listed lender Turkiye Is Bankasi A.S. Putting the largest bank under government control has caused political turmoil in the country, sent the bank’s shares plunging and undermined investor confidence in the government.

Technical analysis

Dollar - Turkish Lira Analysis Technical analysis 07/02/2019
Time Frame: 1 hour

USDTRY Support & Resistance Table - 07/02/2019

Support & Resistance Level Explanation
Resistance 2 5.30600 Daily R2
Resistance 1 5.29173 Daily R1
Support 1 5.24514 Daily S1
Support 2 5.22448 Daily S2

USDTRY Indicator Table - 07/02/2019

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

USDTRY Indicator / Period Table - 07/02/2019

Indicator / Period Day - BuyWeek - BuyMonth - Buy
MACD( 12;26;9) Buy SellBuy
RSI (14) Buy BuyNeutral
SMA 20 Buy NeutralSell

USDTRY 07/02/2019 - Reference Price : 5.26775

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