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 23/11/2021

Fundamental analysis

23 November, 2021

The USD/TRY pair crashed lower on Tuesday. At around 13:00, the dollar was being exchanged for 12.3271. The Turkish lira suffered one of its worst days since a currency crisis three years ago after President Recep Tayyip Erdogan praised a recent interest rate cut and declared that his country was fighting an “economic war of independence”.

Technical analysis

Dollar - Turkish Lira Analysis Technical analysis 23/11/2021
Time Frame: 1 hour

USDTRY Support & Resistance Table - 23/11/2021

Support & Resistance Level Explanation
Resistance 2 12.84805 Daily R2
Resistance 1 12.68586 Daily R1
Support 1 12.25334 Daily S1
Support 2 12.09115 Daily S2

USDTRY Indicator Table - 23/11/2021

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 - 23/11/2021

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

USDTRY 23/11/2021 - Reference Price : 12.46960

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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