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 03/02/2021

Fundamental analysis

03 February, 2021

The USD/TRY pair traded slightly lower to 7.1764 even as the Greenback edged continued to rise against a basket of other currencies. Turkey’s annual inflation rate climbed more than expected to 14.97% in January, data showed Wednesday, driven by energy prices. The rise will keep pressure on the central bank to maintain tight policy even after sharp interest-rate hikes.

Technical analysis

Dollar - Turkish Lira Analysis Technical analysis 03/02/2021
Time Frame: 1 hour

USDTRY Support & Resistance Table - 03/02/2021

Support & Resistance Level Explanation
Resistance 2 7.23934 Daily R2
Resistance 1 7.21237 Daily R1
Support 1 7.14043 Daily S1
Support 2 7.11346 Daily S2

USDTRY Indicator Table - 03/02/2021

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

USDTRY Indicator / Period Table - 03/02/2021

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

USDTRY 03/02/2021 - Reference Price : 7.17640

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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