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. 70.41% 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 08/03/2021

Fundamental analysis

08 March, 2021

The USD/TRY pair pushed sharply higher today. It is currently 7.6555. The Turkish Lira declined on Monday and has fallen in 10 of the last 11 sessions as domestic inflation, global bond yields and oil prices have all risen, setting up a test of the central bank’s tight policy pledge.

Technical analysis

Dollar - Turkish Lira Analysis Technical analysis 08/03/2021
Time Frame: 1 hour

USDTRY Support & Resistance Table - 08/03/2021

Support & Resistance Level Explanation
Resistance 2 7.76632 Daily R2
Resistance 1 7.71613 Daily R1
Support 1 7.58227 Daily S1
Support 2 7.53208 Daily S2

USDTRY Indicator Table - 08/03/2021

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 - 08/03/2021

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

USDTRY 08/03/2021 - Reference Price : 7.64920

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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