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 29/10/2021

Fundamental analysis

29 October, 2021

The currency pair traded firmly higher on Friday lunchtime to 9.6055 as the Greenback edged upwards against a basket of other currencies. Turkey’s lira extended losses after inflation targets were raised, but was set to end the week higher, breaking a three-week losing run. A relief rally early in the week as President Erdogan backed down from escalating diplomatic tensions with the West, helped the currency.

Technical analysis

Dollar - Turkish Lira Analysis Technical analysis 29/10/2021
Time Frame: 1 hour

USDTRY Support & Resistance Table - 29/10/2021

Support & Resistance Level Explanation
Resistance 2 9.73194 Daily R2
Resistance 1 9.67878 Daily R1
Support 1 9.53702 Daily S1
Support 2 9.48386 Daily S2

USDTRY Indicator Table - 29/10/2021

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

USDTRY Indicator / Period Table - 29/10/2021

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

USDTRY 29/10/2021 - Reference Price : 9.60790

Buy
Simple Moving AverageBuy (3)Sell (0)
Technical Indicators - OscillatorsBuy (2)Sell (0)
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US Dollar - Turkish Lira Chart
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