CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 69% 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. 67.52% 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 30/11/2021

Fundamental analysis

30 November, 2021

The USD/TRY pair jumped higher on Tuesday. At around 13:00, the dollar was being exchanged for 12.9633. The lira depreciated further on Monday in response to earlier comments by President Erdogan, who once again reiterated its firm opposition to interest rate hikes and sustained his (particular) view that interest rates generate inflation.

Technical analysis

Dollar - Turkish Lira Analysis Technical analysis 30/11/2021
Time Frame: 1 hour

USDTRY Support & Resistance Table - 30/11/2021

Support & Resistance Level Explanation
Resistance 2 13.79697 Daily R2
Resistance 1 13.47748 Daily R1
Support 1 12.62552 Daily S1
Support 2 12.30603 Daily S2

USDTRY Indicator Table - 30/11/2021

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 - 30/11/2021

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

USDTRY 30/11/2021 - Reference Price : 13.05150

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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