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 08/02/2021

Fundamental analysis

08 February, 2021

The USD/TRY pair traded firmly lower to 7.0770 as the Greenback weakened against a basket of other currencies. Turkey’s lira hit fell from its strongest level since August on Friday but remains the top performing currency in the world this year, after the central bank governor told Reuters that interest rates were unlikely to be cut for a “long time”.

Technical analysis

Dollar - Turkish Lira Analysis Technical analysis 08/02/2021
Time Frame: 1 hour

USDTRY Support & Resistance Table - 08/02/2021

Support & Resistance Level Explanation
Resistance 2 7.15726 Daily R2
Resistance 1 7.13096 Daily R1
Support 1 7.06084 Daily S1
Support 2 7.03454 Daily S2

USDTRY Indicator Table - 08/02/2021

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

USDTRY Indicator / Period Table - 08/02/2021

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

USDTRY 08/02/2021 - Reference Price : 7.09590

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