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Dollar - Turkish Lira Analysis

US Session Analysis for CFD Instruments 14/06/2021

Fundamental analysis

14 June, 2021

The USD/TRY pair traded downwards on Monday as the dollar remained steady against a basket of other currencies to trade at 8.3486. Turkey’s lira firmed some 0.6% against the U.S. dollar on Monday, ahead of a meeting between the U.S. and Turkish leaders on hopes of an easing in strained diplomatic ties. Turkish President Tayyip Erdogan said the meeting with the U.S. President Joe Biden on the sidelines of a NATO summit should be used to move on from issues including a bitter dispute over Ankara’s purchase of Russian S-400 missiles.

Technical analysis

Dollar - Turkish Lira Analysis Technical analysis 14/06/2021
Time Frame: 1 hour

USDTRY Support & Resistance Table - 14/06/2021

Support & Resistance Level Explanation
Resistance 2 8.41666 Daily R2
Resistance 1 8.38458 Daily R1
Support 1 8.29902 Daily S1
Support 2 8.26694 Daily S2

USDTRY Indicator Table - 14/06/2021

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

USDTRY Indicator / Period Table - 14/06/2021

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

USDTRY 14/06/2021 - Reference Price : 8.34180

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