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 10/12/2021

Fundamental analysis

10 December, 2021

The USD/TRY pair moved sharply higher on Friday. At around 13:00, the dollar was being exchanged for 13.9224. The Turkish lira moved to fresh record lows on Friday as concerns about President Erdogan's low interest rate policy were fueled by a central bank survey showing one of the biggest monthly rises in inflation expectations on record. The central bank's survey of market participants showed annual consumer price inflation was seen at 23.85% at the end of the year, up from a forecast of 19.31% a month earlier.

Technical analysis

Dollar - Turkish Lira Analysis Technical analysis 10/12/2021
Time Frame: 1 hour

USDTRY Support & Resistance Table - 10/12/2021

Support & Resistance Level Explanation
Resistance 2 14.04572 Daily R2
Resistance 1 13.94898 Daily R1
Support 1 13.69102 Daily S1
Support 2 13.59428 Daily S2

USDTRY Indicator Table - 10/12/2021

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 - 10/12/2021

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

USDTRY 10/12/2021 - Reference Price : 13.82000

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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