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 04/05/2021

Fundamental analysis

04 May, 2021

The USD/TRY pair moved sharply higher on Tuesday. It is currently at 8.3350. The Turkish lira fell after data yesterday showed Turkish annual inflation climbed to 17.14% in April, its highest level in nearly two years, driven by a sagging lira and pricey commodity imports.

Technical analysis

Dollar - Turkish Lira Analysis Technical analysis 04/05/2021
Time Frame: 1 hour

USDTRY Support & Resistance Table - 04/05/2021

Support & Resistance Level Explanation
Resistance 2 8.40298 Daily R2
Resistance 1 8.37170 Daily R1
Support 1 8.28830 Daily S1
Support 2 8.25702 Daily S2

USDTRY Indicator Table - 04/05/2021

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 - 04/05/2021

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

USDTRY 04/05/2021 - Reference Price : 8.33000

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