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 14/05/2021

Fundamental analysis

14 May, 2021

The USD/TRY pair moved firmly lower on Friday as the dollar weakened against a basket of other currencies. The pair is currently at 8.4339 after hitting a six month low yesterday. Turkey’s lira fell to a six-month low as risks of tighter U.S. monetary policy after strong inflation data weighed on most emerging market assets, with stocks set for their worst day since late March.

Technical analysis

Dollar - Turkish Lira Analysis Technical analysis 14/05/2021
Time Frame: 1 hour

USDTRY Support & Resistance Table - 14/05/2021

Support & Resistance Level Explanation
Resistance 2 8.49468 Daily R2
Resistance 1 8.46936 Daily R1
Support 1 8.40184 Daily S1
Support 2 8.37652 Daily S2

USDTRY Indicator Table - 14/05/2021

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

USDTRY Indicator / Period Table - 14/05/2021

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

USDTRY 14/05/2021 - Reference Price : 8.43560

Buy
Simple Moving AverageBuy (3)Sell (0)
Technical Indicators - OscillatorsBuy (2)Sell (1)
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US Dollar - Turkish Lira Chart
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