CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 78% 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 31/07/2020

Fundamental analysis

31 July, 2020

The USD/TRY fell to 6.9760 on Friday during the European session as the dollar fell slightly lower against a basket of other currencies. On Wednesday the pair hit 7 after Central Bank Governor Murat Uysal downplayed concerns about the bank's depleted FX reserves, which he said would naturally fluctuate during a pandemic. He did not address a drop of as much as 1.8% in the currency this week that could put more pressure on that buffer.

Technical analysis

Dollar - Turkish Lira Analysis Technical analysis 31/07/2020
Time Frame: 1 hour

USDTRY Support & Resistance Table - 31/07/2020

Support & Resistance Level Explanation
Resistance 2 7.02930 Daily R2
Resistance 1 7.00538 Daily R1
Support 1 6.94162 Daily S1
Support 2 6.91770 Daily S2

USDTRY Indicator Table - 31/07/2020

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

USDTRY Indicator / Period Table - 31/07/2020

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

USDTRY 31/07/2020 - Reference Price : 6.97350

Buy
Simple Moving AverageBuy (3)Sell (0)
Technical Indicators - OscillatorsBuy (2)Sell (1)
Share It With Your Network
US Dollar - Turkish Lira Chart
Update Time: -
Highest
Lowest
1M 5M H D W
Prices are loading..
Ready for trading?Start Now