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.
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Dollar - Turkish Lira Analysis

US Session Analysis for CFD Instruments 07/07/2021

Fundamental analysis

07 July, 2021

The USD/TRY pair inched lower on Wednesday as the dollar fell against a basket of other currencies to trade at 8.6785. Turkey’s lira rose 0.2%, but kept to a tight range amid uncertainty over the central bank’s stance on a spike in inflation.

Technical analysis

Dollar - Turkish Lira Analysis Technical analysis 07/07/2021
Time Frame: 1 hour

USDTRY Support & Resistance Table - 07/07/2021

Support & Resistance Level Explanation
Resistance 2 8.72456 Daily R2
Resistance 1 8.70332 Daily R1
Support 1 8.64668 Daily S1
Support 2 8.62544 Daily S2

USDTRY Indicator Table - 07/07/2021

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

USDTRY Indicator / Period Table - 07/07/2021

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

USDTRY 07/07/2021 - Reference Price : 8.67500

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