CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% 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 15/03/2021

Fundamental analysis

15 March, 2021

The USD/TRY pair was sharply higher on Monday. It is currently at 7.5350. The Turkish Lira fell firmly as the dollar continued to push higher, with the lira remaining under pressure following Thursday’s data showing dollarization among locals remains high ahead of a key central bank meeting next Thursday.

Technical analysis

Dollar - Turkish Lira Analysis Technical analysis 15/03/2021
Time Frame: 1 hour

USDTRY Support & Resistance Table - 15/03/2021

Support & Resistance Level Explanation
Resistance 2 7.65148 Daily R2
Resistance 1 7.59732 Daily R1
Support 1 7.45288 Daily S1
Support 2 7.39872 Daily S2

USDTRY Indicator Table - 15/03/2021

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

USDTRY Indicator / Period Table - 15/03/2021

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

USDTRY 15/03/2021 - Reference Price : 7.52510

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