CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% 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. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
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Dollar - Turkish Lira Analysis

US Session Analysis for CFD Instruments 12/04/2021

Fundamental analysis

12 April, 2021

The USD/TRY pair grew on Monday. It is currently at 8.1710. The Turkish lira weakened on Monday as investor concerns grew over deteriorating economic conditions in the country, while stocks in emerging markets suffered their worst drop in nearly three weeks as the corporate earnings season loomed. Inflation expectations for the country have jumped in recent weeks on doubts over whether the central bank will keep policy tight, amid constant pressure from the government to reduce interest rates.

Technical analysis

Dollar - Turkish Lira Analysis Technical analysis 12/04/2021
Time Frame: 1 hour

USDTRY Support & Resistance Table - 12/04/2021

Support & Resistance Level Explanation
Resistance 2 8..21601 Daily R2
Resistance 1 8.18978 Daily R1
Support 1 8.11982 Daily S1
Support 2 8.09359 Daily S2

USDTRY Indicator Table - 12/04/2021

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

USDTRY Indicator / Period Table - 12/04/2021

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

USDTRY 12/04/2021 - Reference Price : 8.15480

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