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 25/03/2021

Fundamental analysis

25 March, 2021

The USD/TRY pair moved firmly higher on Thursday It is currently at 7.9670. The Turkish lira eased about 0.6% after slumping 7.5% on Monday after President Tayyip Erdogan replaced a hawkish central bank governor with a critic of high interest rates, sparking fears of a reversal of rate hikes that had revived the currency amid Turkey’s depleted forex reserves.

Technical analysis

Dollar - Turkish Lira Analysis Technical analysis 25/03/2021
Time Frame: 1 hour

USDTRY Support & Resistance Table - 25/03/2021

Support & Resistance Level Explanation
Resistance 2 8.15930 Daily R2
Resistance 1 8.07556 Daily R1
Support 1 7.85224 Daily S1
Support 2 7.76850 Daily S2

USDTRY Indicator Table - 25/03/2021

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 - 25/03/2021

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

USDTRY 25/03/2021 - Reference Price : 7.96390

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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