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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70.41% 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 23/04/2021

Fundamental analysis

23 April, 2021

The USD/TRY pair again moved sharply higher on Friday. It is currently at 8.3483. Turkey’s lira was the worst-performing currency across Europe, the Middle East and Africa this week and was set for weekly losses of 3.4%. It fell 0.3% on Friday, as a local holiday kept trading light. The lira came under pressure from the possibility of further deterioration in Washington-Ankara ties, as reports suggested the United States was gearing up to formally recognise the massacre of Armenians by the Ottoman Empire during World War One as an act of genocide.

Technical analysis

Dollar - Turkish Lira Analysis Technical analysis 23/04/2021
Time Frame: 1 hour

USDTRY Support & Resistance Table - 23/04/2021

Support & Resistance Level Explanation
Resistance 2 8.41878 Daily R2
Resistance 1 8.38840 Daily R1
Support 1 8.30740 Daily S1
Support 2 8.27702 Daily S2

USDTRY Indicator Table - 23/04/2021

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 - 23/04/2021

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

USDTRY 23/04/2021 - Reference Price : 8.34790

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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