Dollar - Turkish Lira Analysis

US Session Analysis for CFD Instruments 14/09/2021

Fundamental analysis

14 September, 2021 Research Department

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

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 - Buy	Week - Buy	Month - Buy
MACD( 12;26;9)	Buy	Sell	Buy
RSI (14)	Buy	Buy	Buy
SMA 20	Buy	Buy	Sell

USDTRY 14/09/2021 - Reference Price : 8.45270

Buy

Simple Moving Average	Buy (3)	Sell (0)
Technical Indicators - Oscillators	Buy (2)	Sell (0)

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