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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 29/03/2021

Fundamental analysis

29 March, 2021

The USD/TRY pair moved firmly higher on Monday. It is currently at 8.1672 Turkey’s lira lost more than 1% of its value earlier this morning, continuing its sharp decline since President Tayyip Erdogan replaced the central bank governor this month, leading to expectations of loose policy.

Technical analysis

Dollar - Turkish Lira Analysis Technical analysis 29/03/2021
Time Frame: 1 hour

USDTRY Support & Resistance Table - 29/03/2021

Support & Resistance Level Explanation
Resistance 2 8.33793 Daily R2
Resistance 1 8.26356 Daily R1
Support 1 8.06524 Daily S1
Support 2 7.99087 Daily S2

USDTRY Indicator Table - 29/03/2021

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 - 29/03/2021

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

USDTRY 29/03/2021 - Reference Price : 8.16440

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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