CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 66% 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 29/07/2021

Fundamental analysis

29 July, 2021

The USD/TRY pair was firmly lower at lunchtime Thursday at 8.5151 as the dollar continued to fall against most of its rivals. Earlier in the session Turkey’s lira rose as much as 0.3% today before easing lower towards midday. Turkey’s lira firmed 0.8% against the dollar, set for its best session in a month, after the country’s central bank governor said tight monetary policy will be maintained decisively as he forecast rising inflation for this year and the next.

Technical analysis

Dollar - Turkish Lira Analysis Technical analysis 29/07/2021
Time Frame: 1 hour

USDTRY Support & Resistance Table - 29/07/2021

Support & Resistance Level Explanation
Resistance 2 8.5352 Daily R2
Resistance 1 8.5212 Daily R1
Support 1 8.4840 Daily S1
Support 2 8.4700 Daily S2

USDTRY Indicator Table - 29/07/2021

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

USDTRY Indicator / Period Table - 29/07/2021

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

USDTRY 29/07/2021 - Reference Price : 8.5071

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