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 16/04/2021

Fundamental analysis

16 April, 2021

The USD/TRY pair was firmly higher on Friday. It is currently at 8.0559. Turkey’s lira weakened despite the big news that cryptocurrency payments have been banned in Turkey. The Turkish government feel that too many are converting their Liras into bitcoin putting additional pressure on the national currency, although the move doesn’t appear to have boosted the markets.

Technical analysis

Dollar - Turkish Lira Analysis Technical analysis 16/04/2021
Time Frame: 1 hour

USDTRY Support & Resistance Table - 16/04/2021

Support & Resistance Level Explanation
Resistance 2 8.12131 Daily R2
Resistance 1 8.09178 Daily R1
Support 1 8.01302 Daily S1
Support 2 7.98349 Daily S2

USDTRY Indicator Table - 16/04/2021

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 - 16/04/2021

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

USDTRY 16/04/2021 - Reference Price : 8.05240

Sell
Simple Moving AverageBuy (0)Sell (3)
Technical Indicators - OscillatorsBuy (0)Sell (3)
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