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 22/04/2021

Fundamental analysis

22 April, 2021

The USD/TRY pair moved sharply higher on Thursday. It is currently at 8.2868. Turkey’s lira was headed for its worst day this month as concerns over financial stability grew. It had tumbled nearly 1% on Wednesday after President Tayyip Erdogan defended a costly FX sales policy. Erdogan’s stance, that high interest rates cause inflation, has cast doubts over the country’s financial stability and spurred large losses in the lira.

Technical analysis

Dollar - Turkish Lira Analysis Technical analysis 22/04/2021
Time Frame: 1 hour

USDTRY Support & Resistance Table - 22/04/2021

Support & Resistance Level Explanation
Resistance 2 8.32738 Daily R2
Resistance 1 8.29966 Daily R1
Support 1 8.22574 Daily S1
Support 2 8.19802 Daily S2

USDTRY Indicator Table - 22/04/2021

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 - 22/04/2021

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

USDTRY 22/04/2021 - Reference Price : 8.26270

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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