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 29/11/2021

Fundamental analysis

29 November, 2021

The USD/TRY pair jumped higher on Monday. At around 13:00, the dollar was being exchanged for 12.6215. Turkey's lira tumbled again last week hitting a record low, gripped by worries over soaring inflation and other economic fallout, after a 15% crash last week that was driven by President Tayyip Erdogan's defence of recent rate cuts.

Technical analysis

Dollar - Turkish Lira Analysis Technical analysis 29/11/2021
Time Frame: 1 hour

USDTRY Support & Resistance Table - 29/11/2021

Support & Resistance Level Explanation
Resistance 2 13.46518 Daily R2
Resistance 1 13.14805 Daily R1
Support 1 12.30235 Daily S1
Support 2 11.98522 Daily S2

USDTRY Indicator Table - 29/11/2021

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 - 29/11/2021

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

USDTRY 29/11/2021 - Reference Price : 12.72520

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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