CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% 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.

Dollar - Turkish Lira Analysis

US Session Analysis for CFD Instruments 09/10/2019

Fundamental analysis

09 October, 2019

The USD/TRY currency pair continued higher on Wednesday, despite the fact that the Greenback is trading slightly lower against a basket of other currencies. The Turkish Lira is still on the downside as investors pondered prospects for Ankara’s planned incursion in northeast Syria, with an aide of President Tayyip Erdogan saying Turkish forces will cross the border “shortly”. The lira has been volatile this week by comments from U.S. President Donald Trump. A day after warning he could “obliterate” Turkey’s economy if it went too far in its Syria operation, Trump tweeted on Tuesday that Ankara was a “big trading partner” of the United States and had been “good to deal with”.

Technical analysis

Dollar - Turkish Lira Analysis Technical analysis 09/10/2019
Time Frame: 1 hour

USDTRY Support & Resistance Table - 09/10/2019

Support & Resistance Level Explanation
Resistance 2 5.93419 Daily R2
Resistance 1 5.88832 Daily R1
Support 1 5.78304 Daily S1
Support 2 5.73300 Daily S2

USDTRY Indicator Table - 09/10/2019

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 - 09/10/2019

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

USDTRY 09/10/2019 - Reference Price : 5.84005

Simple Moving AverageBuy (3)Sell (0)
Technical Indicators - OscillatorsBuy (3)Sell (0)
Share It With Your Network
Fortrade Daily Video News & Analysis
09/10/19 - Wednesday
Keep your information fresh, follow the daily analysis and news.
Growth your knowledge and invesments!
09/10/19 - Wednesday / Analysis
US Dollar - Turkish Lira Chart
Update Time: -
1M 5M H D W
Prices are loading..
Ready for trading?Start Now