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 05/04/2021

Fundamental analysis

05 April, 2021

The USD/TRY pair traded lower on Monday. It is currently at 8.1292. The Turkish lira increased after Turkey’s annual inflation climbed above 16% in March for the first time since mid-2019, data showed on Monday, piling pressure on new central bank governor Sahap Kavcioglu to maintain tight policy after his surprise appointment.

Technical analysis

Dollar - Turkish Lira Analysis Technical analysis 05/04/2021
Time Frame: 1 hour

USDTRY Support & Resistance Table - 05/04/2021

Support & Resistance Level Explanation
Resistance 2 8.27385 Daily R2
Resistance 1 8.21211 Daily R1
Support 1 8.04749 Daily S1
Support 2 7.98575 Daily S2

USDTRY Indicator Table - 05/04/2021

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

USDTRY Indicator / Period Table - 05/04/2021

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

USDTRY 05/04/2021 - Reference Price : 8.12980

Sell
Simple Moving AverageBuy (1)Sell (2)
Technical Indicators - OscillatorsBuy (0)Sell (3)
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US Dollar - Turkish Lira Chart
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