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Dollar - Turkish Lira Analysis

US Session Analysis for CFD Instruments 16/09/2020

Fundamental analysis

16 September, 2020

The USD/TRY pair inched lower on Wednesday to 7.4848 even as the Greenback continued to fall against its major peers.. The Lira again traded close its record low from Monday after yesterday’s news that Turkey does not expect to face European Union sanctions over a dispute with Greece in the eastern Mediterranean. The EU says it fully supports member states Greece and Cyprus in their dispute with Turkey and has said it is drawing up potential sanctions if dialogue does not begin. The bloc’s leaders could make a decision at a summit on Sept. 24-25.

Technical analysis

Dollar - Turkish Lira Analysis Technical analysis 16/09/2020
Time Frame: 1 hour

USDTRY Support & Resistance Table - 16/09/2020

Support & Resistance Level Explanation
Resistance 2 7.51074 Daily R2
Resistance 1 7.49859 Daily R1
Support 1 7.46621 Daily S1
Support 2 7.45406 Daily S2

USDTRY Indicator Table - 16/09/2020

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 - 16/09/2020

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

USDTRY 16/09/2020 - Reference Price : 7.48240

Buy
Simple Moving AverageBuy (3)Sell (0)
Technical Indicators - OscillatorsBuy (3)Sell (0)
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US Dollar - Turkish Lira Chart
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