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Dollar - Turkish Lira Analysis

US Session Analysis for CFD Instruments 14/09/2021

Fundamental analysis

14 September, 2021

The USD/TRY pair pushed higher on Tuesday lunchtime. It is presently 8.4602. The dollar has edged lower so far today. The Lira remains under pressure after Turkish industrial output rose 8.7% annually in July, less than forecast after a recent strong rebound, while the current account deficit was wider than expected, data showed on Monday, fuelling speculation about the timing of possible rate cuts.

Technical analysis

Dollar - Turkish Lira Analysis Technical analysis 14/09/2021
Time Frame: 1 hour

USDTRY Support & Resistance Table - 14/09/2021

Support & Resistance Level Explanation
Resistance 2 8.51458 Daily R2
Resistance 1 8.48806 Daily R1
Support 1 8.41734 Daily S1
Support 2 8.39082 Daily S2

USDTRY Indicator Table - 14/09/2021

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 - 14/09/2021

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

USDTRY 14/09/2021 - Reference Price : 8.45270

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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