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Dollar - Turkish Lira Analysis

US Session Analysis for CFD Instruments 08/11/2019

Fundamental analysis

08 November, 2019

The USD/TRY currency pair moved slightly higher on Friday during the European session after reports showed that Turkish steel companies are underperforming. The sector lost nearly 80% of its U.S market after Washington imposed additional tariffs and is also facing difficulties in European Union after quota limitations. US sanctions and the prospect of more sanctions due to Turkish activities in Syria have had a dramatic impact upon the Lira this year.

Technical analysis

Dollar - Turkish Lira Analysis Technical analysis 08/11/2019
Time Frame: 1 hour

USDTRY Support & Resistance Table - 08/11/2019

Support & Resistance Level Explanation
Resistance 2 5.78100 Daily R2
Resistance 1 5.77000 Daily R1
Support 1 5.73507 Daily S1
Support 2 5.72276 Daily S2

USDTRY Indicator Table - 08/11/2019

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

USDTRY Indicator / Period Table - 08/11/2019

Indicator / Period Day - BuyWeek - BuyMonth - Buy
MACD( 12;26;9) Buy SellBuy
RSI (14) Neutral BuyNeutral
SMA 20 Sell NeutralBuy

USDTRY 08/11/2019 - Reference Price : 5.75135

Sell
Simple Moving AverageBuy (1)Sell (1)
Technical Indicators - OscillatorsBuy (1)Sell (1)
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08/11/19 - Friday / Analysis
US Dollar - Turkish Lira Chart
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