CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% 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. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
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Dollar - Turkish Lira Analysis

US Session Analysis for CFD Instruments 24/02/2021

Fundamental analysis

24 February, 2021

The USD/TRY pair traded sharply higher in the European session to 7.1747 as the Greenback fell slightly against a basket of other currencies. Turkey’s lira fell against the dollar to three-week lows. That was after the central bank said it had raised the reserve requirement ratio by 200 basis points for lira deposits to improve the effectiveness of its monetary policy transmission.

Technical analysis

Dollar - Turkish Lira Analysis Technical analysis 24/02/2021
Time Frame: 1 hour

USDTRY Support & Resistance Table - 24/02/2021

Support & Resistance Level Explanation
Resistance 2 7.23625 Daily R2
Resistance 1 7.20756 Daily R1
Support 1 7.13104 Daily S1
Support 2 7.10235 Daily S2

USDTRY Indicator Table - 24/02/2021

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

USDTRY Indicator / Period Table - 24/02/2021

Indicator / Period Day - BuyWeek - BuyMonth - Sell
MACD( 12;26;9) Buy SellSell
RSI (14) Buy BuySell
SMA 20 Buy BuySell

USDTRY 24/02/2021 - Reference Price : 7.16930

Buy
Simple Moving AverageBuy (3)Sell (0)
Technical Indicators - OscillatorsBuy (3)Sell (0)
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