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Dollar - Turkish Lira Analysis

US Session Analysis for CFD Instruments 10/06/2021

Fundamental analysis

10 June, 2021

The USD/TRY pair continued lower on Thursday even as the dollar edged higher against a basket of other currencies to trade at 8.5388. Turkey’s lira extended gains to a fifth straight against both the euro and the dollar as the country attempts to put Covid behind it and investors look forward to a meeting between Presidents Biden and Erdogan in the coming week.

Technical analysis

Dollar - Turkish Lira Analysis Technical analysis 10/06/2021
Time Frame: 1 hour

USDTRY Support & Resistance Table - 10/06/2021

Support & Resistance Level Explanation
Resistance 2 8.59815 Daily R2
Resistance 1 8.57181 Daily R1
Support 1 8.50159 Daily S1
Support 2 8.47525 Daily S2

USDTRY Indicator Table - 10/06/2021

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

USDTRY Indicator / Period Table - 10/06/2021

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

USDTRY 10/06/2021 - Reference Price : 8.53670

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