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 26/01/2021

Fundamental analysis

26 January, 2021

The USD/TRY pair traded lower to 7.3575 as the Greenback was broadly unchanged against basket of other currencies. The Turkish lira strengthened and outperformed most of its peers on Tuesday after the International Monetary Fund said it expects the country’s economy to grow by 6% in 2021, higher than a previous projection.

Technical analysis

Dollar - Turkish Lira Analysis Technical analysis 26/01/2021
Time Frame: 1 hour

USDTRY Support & Resistance Table - 26/01/2021

Support & Resistance Level Explanation
Resistance 2 7.41259 Daily R2
Resistance 1 7.39378 Daily R1
Support 1 7.34362 Daily S1
Support 2 7.32481 Daily S2

USDTRY Indicator Table - 26/01/2021

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

USDTRY Indicator / Period Table - 26/01/2021

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

USDTRY 26/01/2021 - Reference Price : 7.36870

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