Dollar - Turkish Lira Analysis

US Session Analysis for CFD Instruments 12/02/2019

Fundamental analysis

12 February, 2019

USD/TRY was stable to lower on Tuesday during European trading session. After moving closer to a two-week high in early trade in Europe the currency pair stabilized. The US dollar is supported with concerns about a trade deal with China and an economic slowdown in Europe which sent investors into the safe-haven currency. Later this afternoon, US JOLTs Job Openings for December will be released. Also, this afternoon, Fed Chair Jerome Powell will speak on “Economic Development in High Poverty Rural Communities” at the Hope Enterprise Corporation Rural Policy Forum.

Technical analysis

Dollar - Turkish Lira Analysis Technical analysis 12/02/2019
Time Frame: 1 hour

USDTRY Support & Resistance Table - 12/02/2019

Support & Resistance Level Explanation
Resistance 2 5.2932 Daily R2
Resistance 1 5.2776 Daily R1
Support 1 5.2463 Daily S1
Support 2 5.2293 Daily S2

USDTRY Indicator Table - 12/02/2019

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

USDTRY Indicator / Period Table - 12/02/2019

Indicator / Period Day - SellWeek - SellMonth - Buy
MACD( 12;26;9) Sell SellBuy
RSI (14) Sell BuyBuy
SMA 20 Sell SellBuy

USDTRY 12/02/2019 - Reference Price : 5.2615

Simple Moving AverageBuy (1)Sell (2)
Technical Indicators - OscillatorsBuy (0)Sell (3)
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