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 01/02/2021

Fundamental analysis

01 February, 2021

The USD/TRY pair traded sharply lower to 7.1952 even though the Greenback continued to climb against a basket of other currencies. Turkey’s lira rallied 1.5% to its strongest since August on Monday and a risk gauge dropped to close to its lowest in a year, driven by hawkish talk from the central bank and data pointing to a further rebound in manufacturing.

Technical analysis

Dollar - Turkish Lira Analysis Technical analysis 01/02/2021
Time Frame: 1 hour

USDTRY Support & Resistance Table - 01/02/2021

Support & Resistance Level Explanation
Resistance 2 7.24732 Daily R2
Resistance 1 7.22670 Daily R1
Support 1 7.17170 Daily S1
Support 2 7.15108 Daily S2

USDTRY Indicator Table - 01/02/2021

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 - 01/02/2021

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

USDTRY 01/02/2021 - Reference Price : 7.19920

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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