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Dollar - Turkish Lira Analysis

US Session Analysis for CFD Instruments 02/12/2019

Fundamental analysis

02 December, 2019

The USD/TRY currency pair climbed higher on Monday during the European session, as the dollar moved upwards against a basket of other currencies. The Lira fell after Turkish GDP figures were released which was slightly below expectations, although the Turkish economy managed to break three consecutive quarters of contraction as it shook off a recession which followed last year's currency crisis. Turkey has a track record of 5% growth, but a 30% slide in the lira last year pushed up inflation and interest rates, while domestic demand tumbled. The central bank has since slashed rates to revive activity.

Technical analysis

Dollar - Turkish Lira Analysis Technical analysis 02/12/2019
Time Frame: 1 hour

USDTRY Support & Resistance Table - 02/12/2019

Support & Resistance Level Explanation
Resistance 2 5.78100 Daily R2
Resistance 1 5.77000 Daily R1
Support 1 5.73407 Daily S1
Support 2 5.71431 Daily S2

USDTRY Indicator Table - 02/12/2019

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

USDTRY Indicator / Period Table - 02/12/2019

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

USDTRY 02/12/2019 - Reference Price : 5.75225

Sell
Simple Moving AverageBuy (0)Sell (3)
Technical Indicators - OscillatorsBuy (0)Sell (2)
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02/12/19 - Monday / Analysis
US Dollar - Turkish Lira Chart
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