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Dollar - Turkish Lira Analysis

US Session Analysis for CFD Instruments 14/01/2020

Fundamental analysis

14 January, 2020

The USD/TRY traded higher on Tuesday as the Greenback moved up against a basket of other currencies. The Turkish fell after Turkish industrial production picked up pace in November, growing 5.1% year-on-year, official data showed on Tuesday, as the economy recovers from recession. The Turkish Central Bank will meet on Thursday to set interest rates. Last month, the bank cut its policy rate by 200 basis points to 12%, down from the 24% at which it stood in July before the it began cutting sharply to revive the economy. According to a Reuters poll, eight economists expect it to keep its policy rate steady at Thursday's policy meeting. Six predict a 100 basis point cut to 11% and seven others also expected a rate cut of some sort.

Technical analysis

Dollar - Turkish Lira Analysis Technical analysis 14/01/2020
Time Frame: 1 hour

USDTRY Support & Resistance Table - 14/01/2020

Support & Resistance Level Explanation
Resistance 2 5.93871 Daily R2
Resistance 1 5.91458 Daily R1
Support 1 5.86632 Daily S1
Support 2 5.84219 Daily S2

USDTRY Indicator Table - 14/01/2020

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 - 14/01/2020

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

USDTRY 14/01/2020 - Reference Price : 5.89055

Simple Moving AverageBuy (3)Sell (0)
Technical Indicators - OscillatorsBuy (3)Sell (0)
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14/01/20 - Tuesday / Analysis
US Dollar - Turkish Lira Chart
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