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 05/03/2021

Fundamental analysis

05 March, 2021

The USD/TRY pair moved slightly lower today. It is currently 7.48130. The Turkish Lira is one of the few currencies today to strengthen against the US Dollar. Turkey will post its Treasury cash Balance for February later today. The United States will release unemployment data for February this afternoon.

Technical analysis

Dollar - Turkish Lira Analysis Technical analysis 05/03/2021
Time Frame: 1 hour

USDTRY Support & Resistance Table - 05/03/2021

Support & Resistance Level Explanation
Resistance 2 7.61428 Daily R2
Resistance 1 7.55960 Daily R1
Support 1 7.41380 Daily S1
Support 2 7.35912 Daily S2

USDTRY Indicator Table - 05/03/2021

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 - 05/03/2021

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

USDTRY 05/03/2021 - Reference Price : 7.48670

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