CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 77% 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. 76% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
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Dollar - Turkish Lira Analysis

US Session Analysis for CFD Instruments 24/09/2021

Fundamental analysis

24 September, 2021

The USD/TRY pair traded firmly higher on Friday lunchtime. It is presently 8.8178. Turkey’s lira edged close its all-time low on Friday, driven by fleeing foreign investors but mitigated by local bargain hunting, a day after the central bank unexpectedly cut interest rates and gave little hint how low it could go.

Technical analysis

Dollar - Turkish Lira Analysis Technical analysis 24/09/2021
Time Frame: 1 hour

USDTRY Support & Resistance Table - 24/09/2021

Support & Resistance Level Explanation
Resistance 2 8.90987 Daily R2
Resistance 1 8.87873 Daily R1
Support 1 8.79567 Daily S1
Support 2 8.76453 Daily S2

USDTRY Indicator Table - 24/09/2021

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

USDTRY Indicator / Period Table - 24/09/2021

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

USDTRY 24/09/2021 - Reference Price : 8.83720

Buy
Simple Moving AverageBuy (3)Sell (0)
Technical Indicators - OscillatorsBuy (3)Sell (0)
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