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 18/05/2021

Fundamental analysis

18 May, 2021

The USD/TRY pair moved higher on Tuesday as the dollar continued its fall against a basket of other currencies. The pair is currently at 8.3359. Turkey’s lira recovered from near record lows on Monday, as the country lifted some COVID-19 restrictions, but the Lira is continuing to show weakness against most currencies.

Technical analysis

Dollar - Turkish Lira Analysis Technical analysis 18/05/2021
Time Frame: 1 hour

USDTRY Support & Resistance Table - 18/05/2021

Support & Resistance Level Explanation
Resistance 2 8.40370 Daily R2
Resistance 1 8.37181 Daily R1
Support 1 8.28679 Daily S1
Support 2 8.25490 Daily S2

USDTRY Indicator Table - 18/05/2021

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

USDTRY Indicator / Period Table - 18/05/2021

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

USDTRY 18/05/2021 - Reference Price : 8.32930

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