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Dollar - Turkish Lira Analysis

US Session Analysis for CFD Instruments 20/11/2020

Fundamental analysis

20 November, 2020

The USD/TRY traded upwards on Friday moving to 7.6127. Turkey’s lira eased on Friday but was still headed for a second straight week of gains after the central bank hiked its policy rate and vowed to remain tough on inflation, while South Africa’s rand held steady ahead of credit rating reviews. For the week, the currency was set to record gains of nearly 1% after rallying 11% last week. Turkey’s central bank met market expectations on Thursday by raising its key interest rates by 475 basis points to 15% and pledged to sustain monetary tightening until a “permanent fall” in inflation was achieved.

Technical analysis

Dollar - Turkish Lira Analysis Technical analysis 20/11/2020
Time Frame: 1 hour

USDTRY Support & Resistance Table - 20/11/2020

Support & Resistance Level Explanation
Resistance 2 7.72101 Daily R2
Resistance 1 7.67322 Daily R1
Support 1 7.54578 Daily S1
Support 2 7.49799 Daily S2

USDTRY Indicator Table - 20/11/2020

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

USDTRY Indicator / Period Table - 20/11/2020

Indicator / Period Day - SellWeek - SellMonth - Buy
MACD( 12;26;9) Sell SellBuy
RSI (14) Sell SellBuy
SMA 20 Sell SellBuy

USDTRY 20/11/2020 - Reference Price : 7.60950

Sell
Simple Moving AverageBuy (0)Sell (3)
Technical Indicators - OscillatorsBuy (1)Sell (2)
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US Dollar - Turkish Lira Chart
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