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. 70.91% 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 19/07/2021

Fundamental analysis

19 July, 2021

The USD/TRY pair traded firmly higher on Monday as the dollar pushed higher against a basket of other currencies to trade at 8.5778. Turkey’s lira was set to snap a six-day winning streak. The currency has been among the top performing EM units over the past few weeks with a yield of 19% - the highest in the world - and the prospect of near-term stable monetary policy attracting investors. This week Turkish markets are celebrating national holidays.

Technical analysis

Dollar - Turkish Lira Analysis Technical analysis 19/07/2021
Time Frame: 1 hour

USDTRY Support & Resistance Table - 19/07/2021

Support & Resistance Level Explanation
Resistance 2 8.61891 Daily R2
Resistance 1 8.60103 Daily R1
Support 1 8.55337 Daily S1
Support 2 8.53549 Daily S2

USDTRY Indicator Table - 19/07/2021

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

USDTRY Indicator / Period Table - 19/07/2021

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

USDTRY 19/07/2021 - Reference Price : 8.57720

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