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 28/10/2021

Fundamental analysis

28 October, 2021

The currency pair traded sharply higher on Thursday lunchtime to 9.6260 as the Greenback edged upwards against a basket of other currencies. The lira fell after Turkey's central bank governor said on Thursday that addressing the current account deficit was key to tackling price stability and a weak lira, as the bank sharply revised its end-year inflation forecast to more than 18%.

Technical analysis

Dollar - Turkish Lira Analysis Technical analysis 28/10/2021
Time Frame: 1 hour

USDTRY Support & Resistance Table - 28/10/2021

Support & Resistance Level Explanation
Resistance 2 9.77535 Daily R2
Resistance 1 9.71134 Daily R1
Support 1 9.54066 Daily S1
Support 2 9.47665 Daily S2

USDTRY Indicator Table - 28/10/2021

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 - 28/10/2021

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

USDTRY 28/10/2021 - Reference Price : 9.62600

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