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 16/10/2020

Fundamental analysis

16 October, 2020

The USD/TRY pair moved slightly higher on Friday to 7.9451 as the Greenback inched higher against a basket of other currencies. The Turkish lira was under pressure as central bank efforts to support the currency seem to have little effect after Turkey continued working on a regulation to further lower corporate tax from the previously set level of 20% for next year.

Technical analysis

Dollar - Turkish Lira Analysis Technical analysis 16/10/2020
Time Frame: 1 hour

USDTRY Support & Resistance Table - 16/10/2020

Support & Resistance Level Explanation
Resistance 2 7.99206 Daily R2
Resistance 1 7.97086 Daily R1
Support 1 7.91434 Daily S1
Support 2 7.89314 Daily S2

USDTRY Indicator Table - 16/10/2020

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 - 16/10/2020

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

USDTRY 16/10/2020 - Reference Price : 7.94216

Buy
Simple Moving AverageBuy (3)Sell (0)
Technical Indicators - OscillatorsBuy (3)Sell (0)
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