CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 70% 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. 70.41% 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 14/10/2021

Fundamental analysis

14 October, 2021

The USD/TRY pair pushed higher at Thursday lunchtime as the dollar inched lower. It is presently 9.1522 after Turkey’s lira sank to a record on Thursday following an overhaul of the central bank monetary policy committee by President Tayyip Erdogan, while broader emerging market currencies rose as the dollar pulled back from a recent rally. The lira fell as much as 1.2% to 9.1846 to the dollar earlier in the session after Erdogan dismissed three central bank monetary policy committee members and appointed two new members in their place.

Technical analysis

Dollar - Turkish Lira Analysis Technical analysis 14/10/2021
Time Frame: 1 hour

USDTRY Support & Resistance Table - 14/10/2021

Support & Resistance Level Explanation
Resistance 2 9.24193 Daily R2
Resistance 1 9.21376 Daily R1
Support 1 9.13864 Daily S1
Support 2 9.11047 Daily S2

USDTRY Indicator Table - 14/10/2021

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 - 14/10/2021

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

USDTRY 14/10/2021 - Reference Price :

Buy
Simple Moving AverageBuy (3)Sell (0)
Technical Indicators - OscillatorsBuy (3)Sell (0)
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US Dollar - Turkish Lira Chart
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