Dollar - Turkish Lira Analysis

Evening Analysis for CFD Instruments 14/03/2019

Fundamental analysis

14 March, 2019

The USD/TRY currency pair traded higher in the European session as the Greenback turned higher against a basket of other currencies. The Turkish Lira was stable despite the fact that Turkey's industrial output is expected to fall 7.55 percent year-on-year on a calendar-adjusted basis in January, a Reuters poll showed on yesterday in what would mark the fifth straight month of decline reflecting a slowing overall economy. The Turkish economy contracted 3 percent in the fourth quarter of 2018, official data showed on Monday, as last year's lira crisis and high interest rates weighed. The lira lost nearly 30 percent of its value last year in a sell-off sparked by concerns over the independence of the central given President Tayyip Erdogan's calls for lower borrowing costs, and over a diplomatic spat with Washington.

Technical analysis

Dollar - Turkish Lira Analysis Technical analysis 14/03/2019
Time Frame: 1 hour

USDTRY Support & Resistance Table - 14/03/2019

Support & Resistance Level Explanation
Resistance 2 5.4956 Daily R2
Resistance 1 5.4830 Daily R1
Support 1 5.4610 Daily S1
Support 2 5.4493 Daily S2

USDTRY Indicator Table - 14/03/2019

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 - 14/03/2019

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

USDTRY 14/03/2019 - Reference Price : 5.4724

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