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.
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Dollar - Turkish Lira Analysis

US Session Analysis for CFD Instruments 09/12/2021

Fundamental analysis

09 December, 2021

The USD/TRY pair moved upwards on Thursday. At around 13:00, the dollar was being exchanged for 13.7315. The lira has fallen to record lows and is continuing to fall after President Tayyip Erdogan said yesterday that Turkey will reduce inflation and exchange rate volatility through low interest rates.

Technical analysis

Dollar - Turkish Lira Analysis Technical analysis 09/12/2021
Time Frame: 1 hour

USDTRY Support & Resistance Table - 09/12/2021

Support & Resistance Level Explanation
Resistance 2 14.03415 Daily R2
Resistance 1 13.91679 Daily R1
Support 1 13.60381 Daily S1
Support 2 13.48645 Daily S2

USDTRY Indicator Table - 09/12/2021

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 - 09/12/2021

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

USDTRY 09/12/2021 - Reference Price : 13.76030

Buy
Simple Moving AverageBuy (3)Sell (0)
Technical Indicators - OscillatorsBuy (3)Sell (0)
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