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 10/08/2021

Fundamental analysis

10 August, 2021

The USD/TRY pair edged lower at lunchtime Tuesday around 8.6364 as the dollar continued its slow climb against most of its peers. Turkey’s lira climbed Turkey’s lira rose as data showed a fall in monthly unemployment following easing lockdowns, while traders also focused on a central bank decision later this week.

Technical analysis

Dollar - Turkish Lira Analysis Technical analysis 10/08/2021
Time Frame: 1 hour

USDTRY Support & Resistance Table - 10/08/2021

Support & Resistance Level Explanation
Resistance 2 8.69771 Daily R2
Resistance 1 8.66573 Daily R1
Support 1 8.58047 Daily S1
Support 2 8.54849 Daily S2

USDTRY Indicator Table - 10/08/2021

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

USDTRY Indicator / Period Table - 10/08/2021

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

USDTRY 10/08/2021 - Reference Price : 8.62310

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