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 22/02/2021

Fundamental analysis

22 February, 2021

The USD/TRY pair pushed firmly higher in the European session to 7.0120 as the Greenback declined against a basket of other currencies. Earlier in the session Turkey’s lira slipped 1% on Monday, paring some gains after a four-month rally as rising U.S. bond yields gave the dollar a boost and as the finance minister defended his predecessor’s policies that oversaw a sharp decline in FX reserves. Ratings agency Fitch revised Turkey’s outlook to ‘stable’ from ‘negative’ on Friday, citing a more consistent and orthodox policy mix under a new leadership that has helped ease near-term external financing risks.

Technical analysis

Dollar - Turkish Lira Analysis Technical analysis 22/02/2021
Time Frame: 1 hour

USDTRY Support & Resistance Table - 22/02/2021

Support & Resistance Level Explanation
Resistance 2 7.06758 Daily R2
Resistance 1 7.04076 Daily R1
Support 1 6.96924 Daily S1
Support 2 6.94242 Daily S2

USDTRY Indicator Table - 22/02/2021

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

USDTRY Indicator / Period Table - 22/02/2021

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

USDTRY 22/02/2021 - Reference Price : 7.00500

Sell
Simple Moving AverageBuy (0)Sell (3)
Technical Indicators - OscillatorsBuy (2)Sell (1)
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US Dollar - Turkish Lira Chart
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