Dollar - Turkish Lira Analysis

US Session Analysis for CFD Instruments 15/04/2019

Fundamental analysis

15 April, 2019

USD/TRY traded firmly higher on Monday in the European session even as the Greenback traded slightly lower against a basket of other currencies. The Turkish Lira opened the week lower after falling last week by some 3% following dwindling confidence in the country’s currency and amid disappointment over an economic reform plan presented by Turkey’s finance minister this week. On Thursday, the lira weakened 1.2 percent following a lukewarm reaction on Wednesday to Finance Minister Berat Albayrak’s package of economic reforms, notably a plan to provide 28 billion lira ($4.9 billion) to recapitalise state banks. On Friday, Turkey’s central bank corrected its figures of foreign currency deposits held by locals to $181.88 billion, a day after it announced it had dipped to $181.13 billion. Analysts say Turks converting their savings into foreign currencies have signaled a decline of confidence in the lira. Later today, New York Empire State Manufacturing Index for April will be released in the US (13:30 GMT+1).

Technical analysis

Dollar - Turkish Lira Analysis Technical analysis 15/04/2019
Time Frame: 1 hour

USDTRY Support & Resistance Table - 15/04/2019

Support & Resistance Level Explanation
Resistance 2 5.85897 Daily R2
Resistance 1 5.83686 Daily R1
Support 1 5.76083 Daily S1
Support 2 5.72900 Daily S2

USDTRY Indicator Table - 15/04/2019

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

USDTRY Indicator / Period Table - 15/04/2019

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

USDTRY 15/04/2019 - Reference Price : 5.79825

Buy
Simple Moving AverageBuy (3)Sell (0)
Technical Indicators - OscillatorsBuy (2)Sell (1)
Share It With Your Network
US Dollar - Turkish Lira Chart
Update Time: -
Highest
Lowest
1M 5M H D W
Prices are loading..
Ready for trading?Start Now
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 84% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
Close

Be aware of the Working hours of the global financial markets for Good Friday / Easter 19.04.2019. - 22.04.2019.

Instrument 19.04.2019 22.04.2019
ALL FOREX Regular Regular
Indices
S&P 500 closed Regular
NASDAQ 100 closed Regular
DJ 30 closed Regular
DAX closed closed
FTSE 100 closed closed
CAC closed closed
IBEX35 closed closed
DJ_EUR50 closed closed
Nikkei 225 closed Regular
HSI closed closed
FTSEMIB40 closed closed
ASX 200 closed closed
Russell 2000 closed Regular
AEX25 closed closed
CHINA 50 closed Regular
SMI closed closed
DOLLAR INDEX closed Regular
Energy
Crude oil closed Regular
Brent Oil closed Regular
Natural Gas closed Regular
Heating oil closed Regular
Gasoline closed Regular
Commodities
Corn closed closed
Soybeans closed closed
Wheat closed closed
Sugar closed Late open - 11:30
Cotton No.2 closed Closed
Metals
Gold closed Regular
Silver closed Regular
Copper closed Regular
Palladium closed Regular
Platinum closed Regular
Bonds US
Bonds closed Regular
Equities
Equities Germany closed closed
Equities UK closed closed
Equities French closed closed
Equities Spain closed closed
Equities Italy closed closed
Equities US closed Regular

Please note: all times indicated are GMT.

Please note: In case of low liquidity in a specific FX or metals instrument, the DR may widen the spreads and even close the instrument for trading – every change of that character will be notified ahead by the DR.

The above times may be subject to change.

84% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.