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 01/10/2021

Fundamental analysis

01 October, 2021

The USD/TRY pair traded lower on Friday lunchtime. It is presently 8.8719. On the day, Turkey’s lira firmed 0.3%, but stayed close to record lows. Turkey has extended its lira bank deposits’ withholding tax support until the end of December. Data showed Turkey’s factory activity grew in September for a fourth straight month.

Technical analysis

Dollar - Turkish Lira Analysis Technical analysis 01/10/2021
Time Frame: 1 hour

USDTRY Support & Resistance Table - 01/10/2021

Support & Resistance Level Explanation
Resistance 2 8.93205 Daily R2
Resistance 1 8.90366 Daily R1
Support 1 8.82794 Daily S1
Support 2 8.79955 Daily S2

USDTRY Indicator Table - 01/10/2021

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

USDTRY Indicator / Period Table - 01/10/2021

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

USDTRY 01/10/2021 - Reference Price : 8.86580

Buy
Simple Moving AverageBuy (2)Sell (1)
Technical Indicators - OscillatorsBuy (2)Sell (1)
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US Dollar - Turkish Lira Chart
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