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 06/08/2020

Fundamental analysis

06 August, 2020

The USD/TRY soared higher by over 3% to 7.2485 on Thursday during the European session as the dollar edged higher against a basket of other currencies. The Turkish Lira traded sharply lower as the floor came out from under the currency as The Central Bank of the Republic of Turkey’s efforts to prop up the currency are failing. Traders know the CBRT is running low on foreign reserves to buy the Lira in the market.

Technical analysis

Dollar - Turkish Lira Analysis Technical analysis 06/08/2020
Time Frame: 1 hour

USDTRY Support & Resistance Table - 06/08/2020

Support & Resistance Level Explanation
Resistance 2 7.30030 Daily R2
Resistance 1 7.27471 Daily R1
Support 1 7.20649 Daily S1
Support 2 7.18090 Daily S2

USDTRY Indicator Table - 06/08/2020

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 - 06/08/2020

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

USDTRY 06/08/2020 - Reference Price : 7.24060

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