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 14/04/2021

Fundamental analysis

14 April, 2021

The USD/TRY pair fell firmly lower on Wednesday. It is currently at 8.0509. Turkey’s central bank is expected to keep its policy rate at 19% on Thursday - at its first meeting after President Tayyip Erdogan fired the hawkish former governor, a Reuters poll showed on Monday, while some warn that a surprise cut would hit the lira hard. All but two of 19 economists that participated in a Reuters poll forecast that the central bank would keep its one-week policy rate unchanged this week.

Technical analysis

Dollar - Turkish Lira Analysis Technical analysis 14/04/2021
Time Frame: 1 hour

USDTRY Support & Resistance Table - 14/04/2021

Support & Resistance Level Explanation
Resistance 2 8.12031 Daily R2
Resistance 1 8.09802 Daily R1
Support 1 8.03858 Daily S1
Support 2 8.01629 Daily S2

USDTRY Indicator Table - 14/04/2021

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

USDTRY Indicator / Period Table - 14/04/2021

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

USDTRY 14/04/2021 - Reference Price : 8.06830

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