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 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

Sell
Simple Moving AverageBuy (1)Sell (2)
Technical Indicators - OscillatorsBuy (0)Sell (3)
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