CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% 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.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70.91% 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 all your money. Read full risk warning.

Dollar - Turkish Lira Analysis

US Session Analysis for CFD Instruments 12/01/2021

Fundamental analysis

12 January, 2021

The USD/TRY pair edged lower to 7.4615 as the Greenback inched lower against a basket of its peers. Turkey’s lira climbed by around 0.4% earlier in the session as emerging market currencies and the Lira recovered recent losses. The Lira has fallen some 2% over the past three sessions.

Technical analysis

Dollar - Turkish Lira Analysis Technical analysis 12/01/2021
Time Frame: 1 hour

USDTRY Support & Resistance Table - 12/01/2021

Support & Resistance Level Explanation
Resistance 2 7.56530 Daily R2
Resistance 1 7.52819 Daily R1
Support 1 7.42921 Daily S1
Support 2 7.39210 Daily S2

USDTRY Indicator Table - 12/01/2021

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

USDTRY Indicator / Period Table - 12/01/2021

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

USDTRY 12/01/2021 - Reference Price : 7.47870

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