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. 70.41% 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 11/06/2021

Fundamental analysis

11 June, 2021

The USD/TRY pair continued firmly lower on Friday as the dollar increased against a basket of other currencies to trade at 8.3700. Turkey’s lira touched a one month high against the dollar to take the lead among EM currencies, setting up for its best week in nearly three months. During Biden’s visit to Europe next week, investors hope that he and Erdogan will discuss differences over Ankara’s planned purchase of Russian S-400 air defence systems which are incompatible with NATO’s defences.

Technical analysis

Dollar - Turkish Lira Analysis Technical analysis 11/06/2021
Time Frame: 1 hour

USDTRY Support & Resistance Table - 11/06/2021

Support & Resistance Level Explanation
Resistance 2 8.45124 Daily R2
Resistance 1 8.42217 Daily R1
Support 1 8.34463 Daily S1
Support 2 8.31556 Daily S2

USDTRY Indicator Table - 11/06/2021

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

USDTRY Indicator / Period Table - 11/06/2021

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

USDTRY 11/06/2021 - Reference Price : 8.38340

Sell
Simple Moving AverageBuy (0)Sell (3)
Technical Indicators - OscillatorsBuy (0)Sell (3)
Share It With Your Network
US Dollar - Turkish Lira Chart
Update Time: -
Highest
Lowest
1M 5M H D W
Prices are loading..
Ready for trading?Start Now