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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

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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