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 08/12/2021

Fundamental analysis

08 December, 2021

The USD/TRY pair moved sharply higher on Wednesday. At around 13:00, the dollar was being exchanged for 13.6691. The lira has fallen to record lows and is continuing to fall after President Tayyip Erdogan said Turkey will reduce inflation and exchange rate volatility through low interest rates, broadcaster NTV said.

Technical analysis

Dollar - Turkish Lira Analysis Technical analysis 08/12/2021
Time Frame: 1 hour

USDTRY Support & Resistance Table - 08/12/2021

Support & Resistance Level Explanation
Resistance 2 14.08822 Daily R2
Resistance 1 13.90238 Daily R1
Support 1 13.40682 Daily S1
Support 2 13.22098 Daily S2

USDTRY Indicator Table - 08/12/2021

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

USDTRY Indicator / Period Table - 08/12/2021

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

USDTRY 08/12/2021 - Reference Price : 13.65460

Buy
Simple Moving AverageBuy (2)Sell (1)
Technical Indicators - OscillatorsBuy (2)Sell (0)
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US Dollar - Turkish Lira Chart
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