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.
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Dollar - Turkish Lira Analysis

US Session Analysis for CFD Instruments 17/03/2021

Fundamental analysis

17 March, 2021

The USD/TRY pair was firmly higher on Wednesday. It is currently at 7.5299. The Turkish Lira fell slightly 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 has been supportive for the Lira so far this week.

Technical analysis

Dollar - Turkish Lira Analysis Technical analysis 17/03/2021
Time Frame: 1 hour

USDTRY Support & Resistance Table - 17/03/2021

Support & Resistance Level Explanation
Resistance 2 7.60455 Daily R2
Resistance 1 7.56604 Daily R1
Support 1 7.46336 Daily S1
Support 2 7.42485 Daily S2

USDTRY Indicator Table - 17/03/2021

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

USDTRY Indicator / Period Table - 17/03/2021

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

USDTRY 17/03/2021 - Reference Price : 7.51470

Sell
Simple Moving AverageBuy (1)Sell (2)
Technical Indicators - OscillatorsBuy (1)Sell (2)
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