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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 16/03/2021

Fundamental analysis

16 March, 2021

The USD/TRY pair was firmly lower on Tuesday. It is currently at 7.4711. The Turkish Lira climbed ahead of its crucial central bank meeting on Thursday when it will make a decision on interest rates. Most analysts believe that the bank will increase rates by a percentage point to 18%, which is supporting the Lira today.

Technical analysis

Dollar - Turkish Lira Analysis Technical analysis 16/03/2021
Time Frame: 1 hour

USDTRY Support & Resistance Table - 16/03/2021

Support & Resistance Level Explanation
Resistance 2 7.5753 Daily R2
Resistance 1 7.5303 Daily R1
Support 1 7.4105 Daily S1
Support 2 7.3655 Daily S2

USDTRY Indicator Table - 16/03/2021

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

USDTRY Indicator / Period Table - 16/03/2021

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

USDTRY 16/03/2021 - Reference Price : 7.4691

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