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Dollar - Turkish Lira Analysis

US Session Analysis for CFD Instruments 13/10/2021

Fundamental analysis

13 October, 2021

The USD/TRY pair inched higher at Wednesday lunchtime as the dollar was broadly unchanged. It is presently 9.9354 after hitting a record high of above 9 earlier in the session yesterday. The lira has been weighed down on concerns over Turkish monetary policy. Last month the central bank unexpectedly cut its policy rate by 100 basis points to 18%. Analysts viewed this as fresh evidence of political interference by President Tayyip Erdogan, a self-described enemy of interest rates.

Technical analysis

Dollar - Turkish Lira Analysis Technical analysis 13/10/2021
Time Frame: 1 hour

USDTRY Support & Resistance Table - 13/10/2021

Support & Resistance Level Explanation
Resistance 2 9.07919 Daily R2
Resistance 1 9.05657 Daily R1
Support 1 8.99623 Daily S1
Support 2 8.97361 Daily S2

USDTRY Indicator Table - 13/10/2021

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 - 13/10/2021

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

USDTRY 13/10/2021 - Reference Price : 9.02640

Buy
Simple Moving AverageBuy (3)Sell (0)
Technical Indicators - OscillatorsBuy (3)Sell (0)
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Risk Warning and Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 80% of retail client accounts lose money when trading in CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money. Be Aware: You can lose all, but not more than the balance of your Trading Account. These products may not be suitable for all clients therefore ensure you understand the risks and seek independent advice. This material does not constitute an offer of, or solicitation for, a transaction in any financial instrument. Fortrade accepts no responsibility for any use that may be made of the information and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information, consequently any person acting on it does so entirely at their own risk. The information on this site is not directed at residents of the United States, Belgium or France and is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

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  • CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74% 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. 80% 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.