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Dollar - Turkish Lira Analysis

US Session Analysis for CFD Instruments 11/07/2019

Fundamental analysis

11 July, 2019

USD/TRY traded lower on Thursday to 5.6525, as the dollar traded lower against a basket of other currencies. The Turkish Lira strengthened slightly Turkish President Tayyip Erdogan said on Wednesday he had dismissed the central bank governor because he failed to follow instructions on interest rates. The Lira was somewhat boosted today by figures showing that the Turkish current account showed a less-than-expected surplus of $151 million in May. Turkey's current account generally shows a deficit, but it began to narrow sharply amid a currency crisis last year, when the lira weakened some 30%. That raised import prices and narrowed the trade deficit.

Technical analysis

Dollar - Turkish Lira Analysis Technical analysis 11/07/2019
Time Frame: 1 hour

USDTRY Support & Resistance Table - 11/07/2019

Support & Resistance Level Explanation
Resistance 2 5.71054 Daily R2
Resistance 1 5.68672 Daily R1
Support 1 5.62931 Daily S1
Support 2 5.60183 Daily S2

USDTRY Indicator Table - 11/07/2019

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

USDTRY Indicator / Period Table - 11/07/2019

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

USDTRY 11/07/2019 - Reference Price : 5.65675

Simple Moving AverageBuy (0)Sell (3)
Technical Indicators - OscillatorsBuy (0)Sell (3)
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11/07/19 - Thursday / Analysis
US Dollar - Turkish Lira Chart
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