CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% 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. 70.41% 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 07/05/2021

Fundamental analysis

07 May, 2021

The USD/TRY pair edged higher on Friday. It is currently at 8.2771. Turkey’s lira eased on Friday after interest rates remained unchanged after the central bank’s decision yesterday. Turkey’s finance minister said late Thursday that gross domestic product (GDP) will grow at a more than 5 percent rate this year, helped along by export growth of between 16% to 20% after a pandemic-hit 2020.

Technical analysis

Dollar - Turkish Lira Analysis Technical analysis 07/05/2021
Time Frame: 1 hour

USDTRY Support & Resistance Table - 07/05/2021

Support & Resistance Level Explanation
Resistance 2 8.33582 Daily R2
Resistance 1 8.30950 Daily R1
Support 1 8.23950 Daily S1
Support 2 8.21298 Daily S2

USDTRY Indicator Table - 07/05/2021

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

USDTRY Indicator / Period Table - 07/05/2021

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

USDTRY 07/05/2021 - Reference Price : 8.27440

Sell
Simple Moving AverageBuy (2)Sell (1)
Technical Indicators - OscillatorsBuy (1)Sell (2)
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US Dollar - Turkish Lira Chart
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